EGRNF (China Evergrande Group) Inventory Turnover: 0.11 (As of Jun. 2023)


EGRNF China Evergrande Group EGRNF
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What is China Evergrande Group Inventory Turnover?

China Evergrande Group EGRNF 12 Inventory Turnover is 0.11 as of Jun. 2023. GuruFocus rates EGRNF with a GF Score™ of 12/100.

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. China Evergrande Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $16,531 Mil. China Evergrande Group's Average Total Inventories for the quarter that ended in Jun. 2023 was $157,401 Mil. China Evergrande Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Evergrande Group's Days Inventory for the six months ended in Jun. 2023 was 1,737.69.

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. China Evergrande Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 8.79.

China Evergrande Group  (OTCPK:EGRNF) 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.

China Evergrande Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=157401.2995/16530.986*365 / 2
=1,737.69

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.

China Evergrande Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=157401.2995 / 17898.875
=8.79

* 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.

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.

China Evergrande Group Inventory Turnover Related Terms

China Evergrande Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for China Evergrande Group'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.

China Evergrande Group Inventory Turnover Chart

China Evergrande Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.31 0.32 0.22 0.16

China Evergrande Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Inventory Turnover 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 0.13 0.08 0.07 0.11 0.11
EGRNF
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China Evergrande Group EGRNF
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China Evergrande Group Inventory Turnover Calculation

China Evergrande Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=29416.068 / ((198391.189 + 163032.833) / 2 )
=29416.068 / 180712.011
=0.16

China Evergrande Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=16530.986 / ((163032.833 + 151769.766) / 2 )
=16530.986 / 157401.2995
=0.11

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.11 mean?
China Evergrande Group (EGRNF) has a Inventory Turnover of 0.11 as of Jun. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on China Evergrande Group and its competitors.
Is China Evergrande Group's Inventory Turnover too high?
China Evergrande Group's current Inventory Turnover is 0.11. Overall, China Evergrande Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does China Evergrande Group's Inventory Turnover compare to competitors?
China Evergrande Group's Inventory Turnover of 0.11 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Real Estate company?
A good Inventory Turnover depends on the Real Estate industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on China Evergrande Group and its competitors. China Evergrande Group's current Inventory Turnover is 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Evergrande Group stock overvalued right now?
China Evergrande Group (EGRNF) has a current Inventory Turnover of 0.11. The current Inventory Turnover is 0.11. China Evergrande Group's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For China Evergrande Group (EGRNF), the current Inventory Turnover is 0.11 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Evergrande Group Business Description

Address Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620
China Evergrande Group is engaged in the property development, property investment, property management, new energy vehicle business, cultural tourism business and health industry business principally in the People's Republic of China. The company is organized into four business segments: property development, property investment, property management and other businesses. Other businesses mainly include new energy vehicle business, cultural tourism business, health industry business and investment business.
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