Dongfang Electric (SHSE:600875) Inventory Turnover : 0.68 (As of Dec. 2023)

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What is Dongfang Electric 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. Dongfang Electric's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥12,984 Mil. Dongfang Electric's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥19,223 Mil. Dongfang Electric's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dongfang Electric's Days Inventory for the three months ended in Dec. 2023 was 135.10.

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. Dongfang Electric's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.21.

Dongfang Electric Inventory Turnover Historical Data

The historical data trend for Dongfang Electric'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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Dongfang Electric Inventory Turnover Chart

Dongfang Electric Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.85

2.01

2.24

2.42

2.69

Dongfang Electric Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.66	0.63	0.65	0.61	0.68

Dongfang Electric Inventory Turnover Calculation

Dongfang Electric'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 )
=	49286.498	/ (	(18455.505	+	18136.583)	/	2 )
=	49286.498	/	18296.044
=	2.69

Dongfang Electric's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	12984.155	/ (	(20310.401	+	18136.583)	/	2 )
=	12984.155	/	19223.492
=	0.68

Dongfang Electric (SHSE:600875) 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.

Dongfang Electric's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	19223.492	/	12984.155	*	365 / 4
	=	135.10

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.

Dongfang Electric's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	19223.492	/	15910.483
	=	1.21

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.

Dongfang Electric Inventory Turnover Related Terms

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Dongfang Electric (SHSE:600875) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongfang Electric Corp Ltd (SHSE:600875) » Definitions » Inventory Turnover

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DNGFF:USA 01072:Hong Kong DEU:Germany

Address

18 Xixin Road, High-Tech District (Western District), Sichuan Province, Chengdu, CHN, 611731

Website

http://www.dec-ltd.cn

Dongfang Electric Corp Ltd is a Chinese company engaged in the manufacture and distribution of energy generation equipment. The company specialized in power equipment manufacturing and worldwide power projects contracting for thermal, hydro, nuclear, wind, gas turbine, and combined cycle power plants. major products and services delivered or provided by each of the five reporting segments are Clean and efficient energy equipment, Renewable energy equipment, Engineering and Trade, Modern manufacturing services, and Emerging growth industry. The company distributes its products within the domestic market and overseas markets. The majority of the firm's revenue gets generated through Clean and efficient energy equipment.

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