Chu Kong Shipping Enterprises (Group) Co (FRA:CKW) Inventory Turnover : 52.13 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Chu Kong Shipping Enterprises (Group) 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. Chu Kong Shipping Enterprises (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was €135.9 Mil. Chu Kong Shipping Enterprises (Group) Co's Average Total Inventories for the quarter that ended in Dec. 2023 was €2.6 Mil. Chu Kong Shipping Enterprises (Group) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 52.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chu Kong Shipping Enterprises (Group) Co's Days Inventory for the six months ended in Dec. 2023 was 3.50.

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. Chu Kong Shipping Enterprises (Group) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Chu Kong Shipping Enterprises (Group) Co Inventory Turnover Historical Data

The historical data trend for Chu Kong Shipping Enterprises (Group) 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.

Chu Kong Shipping Enterprises (Group) Co Inventory Turnover Chart

Chu Kong Shipping Enterprises (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1,211.67

97.21

69.97

110.90

102.52

Chu Kong Shipping Enterprises (Group) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															36.69	52.93	44.42	48.23	52.13

Chu Kong Shipping Enterprises (Group) Co Inventory Turnover Calculation

Chu Kong Shipping Enterprises (Group) 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 )
=	266.344	/ (	(2.704	+	2.492)	/	2 )
=	266.344	/	2.598
=	102.52

Chu Kong Shipping Enterprises (Group) Co'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	135.939	/ (	(2.723	+	2.492)	/	2 )
=	135.939	/	2.6075
=	52.13

Chu Kong Shipping Enterprises (Group) Co (FRA:CKW) 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.

Chu Kong Shipping Enterprises (Group) Co's Days Inventory for the six 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
	=	2.6075	/	135.939	*	365 / 2
	=	3.50

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.

Chu Kong Shipping Enterprises (Group) Co'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 )
	=	2.6075	/	155.073
	=	0.02

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.

Chu Kong Shipping Enterprises (Group) Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Chu Kong Shipping Enterprises (Group) Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Chu Kong Shipping Enterprises (Group) Co (FRA:CKW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chu Kong Shipping Enterprises (Group) Co Ltd (FRA:CKW) » Definitions » Inventory Turnover

Traded in Other Exchanges

00560:Hong Kong

Address

143 Connaught Road, 24th Floor, Chu Kong Shipping Tower, Central, Hong Kong, HKG

Website

https://www.cksd.com

Chu Kong Shipping Enterprises (Group) Co Ltd is an investment holding company, focusing mainly on terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply business. The operating segments of the group are Cargo transportation; Cargo handling and storage; Passenger transportation; Fuel supply; and Corporate and other businesses. It derives key revenue from the Cargo transportation segment which consists of shipping agency, river trade cargo direct shipment and transhipment and container handling and trucking. The group's revenue is derived from operations carried out in Mainland China and Hong Kong.

Chu Kong Shipping Enterprises (Group) Co (FRA:CKW) Headlines

No Headlines