Guangdong Construction Engineering Group Co (SZSE:002060) Inventory Turnover : 13.66 (As of Mar. 2024)

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What is Guangdong Construction Engineering Group 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. Guangdong Construction Engineering Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥12,350 Mil. Guangdong Construction Engineering Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥904 Mil. Guangdong Construction Engineering Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Construction Engineering Group Co's Days Inventory for the three months ended in Mar. 2024 was 6.68.

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. Guangdong Construction Engineering Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Guangdong Construction Engineering Group Co Inventory Turnover Historical Data

The historical data trend for Guangdong Construction Engineering Group 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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Guangdong Construction Engineering Group Co Inventory Turnover Chart

Guangdong Construction Engineering Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.13

19.58

19.95

100.23

89.96

Guangdong Construction Engineering Group 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															14.91	15.32	15.57	28.06	13.66

Guangdong Construction Engineering Group Co Inventory Turnover Calculation

Guangdong Construction Engineering Group 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 )
=	73308.761	/ (	(849.169	+	780.551)	/	2 )
=	73308.761	/	814.86
=	89.96

Guangdong Construction Engineering Group 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 )
=	12349.996	/ (	(780.551	+	1027.809)	/	2 )
=	12349.996	/	904.18
=	13.66

Guangdong Construction Engineering Group Co (SZSE:002060) 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.

Guangdong Construction Engineering Group 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
	=	904.18	/	12349.996	*	365 / 4
	=	6.68

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.

Guangdong Construction Engineering Group 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 )
	=	904.18	/	13573.458
	=	0.07

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.

Guangdong Construction Engineering Group Co Inventory Turnover Related Terms

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Guangdong Construction Engineering Group Co (SZSE:002060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Construction Engineering Group Co Ltd (SZSE:002060) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, West of Guangshen Avenue, A-1 Business Center, Shuidian Plaza, Building 1, Xintang Town, Zengcheng District, Guangdong Province, Guangzhou, CHN, 511340

Website

http://www.gdsdej.com

Guangdong No 2 Hydropower Engineering Co Ltd is a China-based company operating in the construction industry. It is engaged in the construction of water conservancy and hydropower facilities, wind power, solar power plants, buildings, highways, municipal utilities, urban rail traffic engineering and mechanical installation in China.

Executives

Ceng Chen Ping	Directors, executives
Li Xiang Kui	Director
Ceng Ling An	Executives
Zhu Dan	Directors, executives
Lin Kang Nan	Executives
Lin Guang Xi	Directors, executives, securities affairs represen
Xie Rong Guang	Supervisors
Song Guang Ming	Director
Wang Wei Dao	Directors, executives
Feng Bao Zhen	Directors, executives
Xie Yan Hui	Directors, executives
Zhang Yuan Fang	Director
Wei Zhi Yun	Director
Wei Guo Xian	Executives
Li Kui Yan	Director

Guangdong Construction Engineering Group Co (SZSE:002060) Headlines

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