Guangshen Railway Co (SHSE:601333) Inventory Turnover : 18.18 (As of Mar. 2024)

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What is Guangshen 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. Guangshen Railway Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,795 Mil. Guangshen Railway Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥319 Mil. Guangshen Railway Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 18.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangshen Railway Co's Days Inventory for the three months ended in Mar. 2024 was 5.02.

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. Guangshen Railway Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Guangshen Railway Co Inventory Turnover Historical Data

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

Guangshen Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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69.27

62.99

74.86

83.58

88.93

Guangshen 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															22.52	24.44	23.16	23.66	18.18

Guangshen Railway Co Inventory Turnover Calculation

Guangshen 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 )
=	24552.915	/ (	(262.645	+	289.527)	/	2 )
=	24552.915	/	276.086
=	88.93

Guangshen 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 )
=	5795.404	/ (	(289.527	+	348.128)	/	2 )
=	5795.404	/	318.8275
=	18.18

Guangshen Railway Co (SHSE:601333) 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.

Guangshen 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
	=	318.8275	/	5795.404	*	365 / 4
	=	5.02

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.

Guangshen 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 )
	=	318.8275	/	6600.382
	=	0.05

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.

Guangshen Railway Co Inventory Turnover Related Terms

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Guangshen Railway Co (SHSE:601333) Business Description

Industry

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Traded in Other Exchanges

GNGYF:USA 00525:Hong Kong GRCH:Germany

Address

No. 1052, Heping Road, Guangdong Province, Luohu District, Shenzhen, CHN, 518010

Website

https://www.gsrc.com

Guangshen Railway Co Ltd is one of the key railway operators in southern China's relatively prosperous Guangdong province. It provides both passenger and freight transportation through its wholly owned Guangzhou Shenzhen intercity express rail line and Guangzhou Pingshi rail line, as well as a few long-distance passenger lines. Its operating segment includes The Railway Transportation Business and others. The majority of revenue is generated from the railway transportation business segment.

Guangshen Railway Co (SHSE:601333) Headlines

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