China Resources Building Materials Technology Holdings (FRA:C44) Inventory Turnover : 1.80 (As of Sep. 2023)

View and export this data going back to 2009. Start your Free Trial

What is China Resources Building Materials Technology Holdings 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. China Resources Building Materials Technology Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was €624 Mil. China Resources Building Materials Technology Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was €347 Mil. China Resources Building Materials Technology Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Resources Building Materials Technology Holdings's Days Inventory for the three months ended in Sep. 2023 was 50.81.

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 Resources Building Materials Technology Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.51.

China Resources Building Materials Technology Holdings Inventory Turnover Historical Data

The historical data trend for China Resources Building Materials Technology Holdings'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.

China Resources Building Materials Technology Holdings Inventory Turnover Chart

China Resources Building Materials Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

13.60

13.99

12.78

9.88

9.82

China Resources Building Materials Technology Holdings Quarterly Data
	Jun16	Sep16	Dec16	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.27	2.32	-	1.80	3.33

China Resources Building Materials Technology Holdings Inventory Turnover Calculation

China Resources Building Materials Technology Holdings'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 )
=	3264.005	/ (	(334.047	+	326.667)	/	2 )
=	3264.005	/	330.357
=	9.88

China Resources Building Materials Technology Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	623.779	/ (	(369.604	+	325.04)	/	2 )
=	623.779	/	347.322
=	1.80

China Resources Building Materials Technology Holdings (FRA:C44) 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 Resources Building Materials Technology Holdings's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	347.322	/	623.779	*	365 / 4
	=	50.81

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 Resources Building Materials Technology Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	347.322	/	684.27
	=	0.51

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 Resources Building Materials Technology Holdings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of China Resources Building Materials Technology Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

China Resources Building Materials Technology Holdings (FRA:C44) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Resources Building Materials Technology Holdings Ltd (FRA:C44) » Definitions » Inventory Turnover

Traded in Other Exchanges

CJRCF:USA CARCY:USA 01313:Hong Kong

Address

26 Harbour Road, Room 3001-05, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcement.com

China Resources Building Materials Technology Holdings Ltd formerly China Resources Cement Holdings Ltd is a cement and concrete producer in Southern China. Its operations range from the excavation of limestone to the production, sale, and distribution of cement, clinker, and concrete. The company's segments are Cement and Concrete of which its majority revenue is derived from the manufacture and sale of cement products. The group products are mainly used in the construction of infrastructure projects such as railways, highways, subways, bridges, airports, ports, dams, hydroelectric power stations, and nuclear power stations, as well as the construction of high-rise buildings and the development of suburban and rural areas. Geographically, the majority is derived from Guangdong.

China Resources Building Materials Technology Holdings (FRA:C44) Headlines

No Headlines