Xiangtan Electric Manufacturing Co (SHSE:600416) Inventory Turnover : 0.47 (As of Mar. 2024)

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What is Xiangtan Electric Manufacturing Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Xiangtan Electric Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,032 Mil. Xiangtan Electric Manufacturing Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,209 Mil. Xiangtan Electric Manufacturing Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiangtan Electric Manufacturing Co's Days Inventory for the three months ended in Mar. 2024 was 195.28.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Xiangtan Electric Manufacturing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.75.

Xiangtan Electric Manufacturing Co Inventory Turnover Historical Data

The historical data trend for Xiangtan Electric Manufacturing Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Xiangtan Electric Manufacturing Co Inventory Turnover Chart

Xiangtan Electric Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.93

1.88

1.59

1.61

1.62

Xiangtan Electric Manufacturing Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.45	0.51	0.39	0.42	0.47

Xiangtan Electric Manufacturing Co Inventory Turnover Calculation

Xiangtan Electric Manufacturing Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3587.572	/ (	(2149.238	+	2287.506)	/	2 )
=	3587.572	/	2218.372
=	1.62

Xiangtan Electric Manufacturing Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1032.265	/ (	(2287.506	+	2130.733)	/	2 )
=	1032.265	/	2209.1195
=	0.47

Xiangtan Electric Manufacturing Co (SHSE:600416) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Xiangtan Electric Manufacturing Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2209.1195	/	1032.265	*	365 / 4
	=	195.28

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Xiangtan Electric Manufacturing Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2209.1195	/	1260.735
	=	1.75

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Xiangtan Electric Manufacturing Co Inventory Turnover Related Terms

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Xiangtan Electric Manufacturing Co (SHSE:600416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xiangtan Electric Manufacturing Co Ltd (SHSE:600416) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 302 Xiashesi Street, Xiangtan, Hunan, CHN, 411101

Website

http://www.xemc.com.cn

Xiangtan Electric Manufacturing Co., Ltd. is the backbone enterprise of China's electrical industry, the major technologies and equipment production. It is also involved in R&D and is the designated manufacturer of defense equipment.

Executives

Wang Lin	Director
Zhao Wen Hong	senior management
Zhong Xue Chao	Supervisors
Liu Shao Cheng	Supervisors
Yu Yuan Liang	senior management
Yao Li Min	senior management
Zhou Jian Xiong	Director
Li Ji Ping	Director
Su Ming	senior management
Xiao Ren Zhang	Supervisors
Liu Hai Qiang	senior management
Liu Ning Xian	Supervisors
Zhang Jian Wei	Director
Zhao Yi Jun	Director
Luo Jian Rong	senior management

Xiangtan Electric Manufacturing Co (SHSE:600416) Headlines

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