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Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) Inventory-to-Revenue : 0.94 (As of Mar. 2024)


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What is Zhengzhou Coal Mining Machinery Group Co Inventory-to-Revenue?

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. Zhengzhou Coal Mining Machinery Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥9,096 Mil. Zhengzhou Coal Mining Machinery Group Co's Revenue for the three months ended in Mar. 2024 was ¥9,670 Mil. Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Dec. 2023 (1.00) to Dec. 2023 (0.94)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhengzhou Coal Mining Machinery Group Co's Days Inventory for the three months ended in Mar. 2024 was 112.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhengzhou Coal Mining Machinery Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.81.


Zhengzhou Coal Mining Machinery Group Co Inventory-to-Revenue Historical Data

The historical data trend for Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue 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.

* Premium members only.

Zhengzhou Coal Mining Machinery Group Co Inventory-to-Revenue Chart

Zhengzhou Coal Mining Machinery Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.15 0.18 0.22 0.24

Zhengzhou Coal Mining Machinery 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-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.94 0.98 1.00 0.94

Competitive Comparison of Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue

For the Farm & Heavy Construction Machinery subindustry, Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue falls into.



Zhengzhou Coal Mining Machinery Group Co Inventory-to-Revenue Calculation

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.

Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (7835.124 + 9299.293) / 2 ) / 36423.236
=8567.2085 / 36423.236
=0.24

Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (9299.293 + 8891.924) / 2 ) / 9670.189
=9095.6085 / 9670.189
=0.94

* 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.


Zhengzhou Coal Mining Machinery Group Co  (SHSE:601717) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Zhengzhou Coal Mining Machinery 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
=9095.6085/7358.013*365 / 4
=112.80

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Zhengzhou Coal Mining Machinery Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=7358.013 / 9095.6085
=0.81

* 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.


Zhengzhou Coal Mining Machinery Group Co Inventory-to-Revenue Related Terms

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Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) Business Description

Traded in Other Exchanges
Address
No. 167, 9th Street, Econ-Tech Development Zone, Henan Province, Zhengzhou, CHN, 450016
Zhengzhou Coal Mining Machinery Group Co Ltd is an investment holding company. The company's operating segment includes the Manufacture of coal mining machinery and the Manufacture of auto parts. Geographically, the company operates in The PRC, Germany and other countries.
Executives
Fu Qi senior management
Jia Hao Directors, senior managers
Fu Zu Gang Director
Huang Hua senior management
Zhang Hai Bin senior management
Wang Xin Ying Director
Li Wei Ping senior management
Zhang Ming Lin Supervisors
Xiang Jia Yu Director
Jiao Cheng Yao Director
Liu Qiang Director
Xu Ming Kai Supervisors
Zhou Rong Supervisors
Wang Yong Qiang senior management
Guo De Sheng senior management

Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) Headlines

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