Cosco Shipping Development Co (Cosco Shipping Development Co) Inventory Turnover : 1.45 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Cosco Shipping Development 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. Cosco Shipping Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $560 Mil. Cosco Shipping Development Co's Average Total Inventories for the quarter that ended in Mar. 2024 was $386 Mil. Cosco Shipping Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cosco Shipping Development Co's Days Inventory for the three months ended in Mar. 2024 was 62.94.

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. Cosco Shipping Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Cosco Shipping Development Co Inventory Turnover Historical Data

The historical data trend for Cosco Shipping Development 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.

* Premium members only.

Cosco Shipping Development Co Inventory Turnover Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

11.03

10.79

5.97

3.16

3.42

Cosco Shipping Development 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															0.75	0.36	1.48	1.74	1.45

Cosco Shipping Development Co Inventory Turnover Calculation

Cosco Shipping Development 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 )
=	1520.218	/ (	(580.903	+	307.771)	/	2 )
=	1520.218	/	444.337
=	3.42

Cosco Shipping Development 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 )
=	560.143	/ (	(307.771	+	464.975)	/	2 )
=	560.143	/	386.373
=	1.45

Cosco Shipping Development Co (OTCPK:CITAF) 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.

Cosco Shipping Development 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
	=	386.373	/	560.143	*	365 / 4
	=	62.94

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.

Cosco Shipping Development 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 )
	=	386.373	/	685.909
	=	0.56

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.

Cosco Shipping Development Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Cosco Shipping Development Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CITAY:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

Cosco Shipping Development Co (Cosco Shipping Development Co) Headlines

No Headlines