Daqin Railway Co (SHSE:601006) Inventory Turnover : 7.49 (As of Mar. 2024)

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What is Daqin Railway 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. Daqin Railway Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥14,390 Mil. Daqin Railway Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,921 Mil. Daqin Railway Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daqin Railway Co's Days Inventory for the three months ended in Mar. 2024 was 12.18.

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. Daqin Railway Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Daqin Railway Co Inventory Turnover Historical Data

The historical data trend for Daqin Railway 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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Daqin Railway Co Inventory Turnover Chart

Daqin Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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40.49

34.97

34.76

34.36

34.24

Daqin Railway 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															7.75	7.70	7.85	9.44	7.49

Daqin Railway Co Inventory Turnover Calculation

Daqin Railway 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 )
=	64278.748	/ (	(1836.656	+	1917.538)	/	2 )
=	64278.748	/	1877.097
=	34.24

Daqin Railway 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 )
=	14390.333	/ (	(1917.538	+	1924.994)	/	2 )
=	14390.333	/	1921.266
=	7.49

Daqin Railway Co (SHSE:601006) 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.

Daqin Railway 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
	=	1921.266	/	14390.333	*	365 / 4
	=	12.18

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.

Daqin Railway 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 )
	=	1921.266	/	18268.457
	=	0.11

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.

Daqin Railway Co Inventory Turnover Related Terms

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Daqin Railway Co (SHSE:601006) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Daqin Railway Co Ltd (SHSE:601006) » Definitions » Inventory Turnover

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Address

No. 14 Zhanbei Street, Shanxi, Datong, CHN, 037005

Website

http://www.daqintielu.com

Daqin Railway is a state-owned rail-transport operator in China. The company's core asset, Daqin Line, and its 41%-owned Shuohuang Line, are China's busiest east-west coal railways. Their combined volume accounts for about one quarter of China's railway coal volume. Coal rail-transport contributes the bulk of Daqin's operating profit. Daqin also hauls other bulk and non-bulk freight and provides passenger rail service.

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