China Water Affairs Group (HKSE:00855) Inventory Turnover : 3.46 (As of Sep. 2023)

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What is China Water Affairs Group 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 Water Affairs Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$4,322 Mil. China Water Affairs Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$1,251 Mil. China Water Affairs Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Water Affairs Group's Days Inventory for the six months ended in Sep. 2023 was 52.81.

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 Water Affairs Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.18.

China Water Affairs Group Inventory Turnover Historical Data

The historical data trend for China Water Affairs 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.

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China Water Affairs Group Inventory Turnover Chart

China Water Affairs Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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11.01

8.50

7.74

9.11

6.51

China Water Affairs Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															3.90	4.18	5.62	3.55	3.46

China Water Affairs Group Inventory Turnover Calculation

China Water Affairs Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	8848.656	/ (	(831.658	+	1885.987)	/	2 )
=	8848.656	/	1358.8225
=	6.51

China Water Affairs Group'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	4322.057	/ (	(1885.987	+	615.42)	/	2 )
=	4322.057	/	1250.7035
=	3.46

China Water Affairs Group (HKSE:00855) 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 Water Affairs Group's Days Inventory for the six 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
	=	1250.7035	/	4322.057	*	365 / 2
	=	52.81

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 Water Affairs Group'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 )
	=	1250.7035	/	6845.957
	=	0.18

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 Water Affairs Group Inventory Turnover Related Terms

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China Water Affairs Group (HKSE:00855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Water Affairs Group Ltd (HKSE:00855) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CWAFF:USA CUBB:Germany

Address

18 Harbour Road, Central Plaza, Suite 6408, 64th Floor, Wanchai, Hong Kong, HKG

Website

http://www.chinawatergroup.com

China Water Affairs Group Ltd is a Chinese water utility company that builds, operates, and invests in water affairs projects in China. The firm's primary segments include City water supply operation, main contractor construction, Environmental protection, and Property development and investment, Pipeline direct drinking water supply. It generates a majority of its revenue from the City water supply operation segment. Geographically, the company generates a major share of its revenue from the People's Republic of China.

Executives

Orix Corporation	2201 Interest of corporation controlled by you
Duan Chuan Liang	2101 Beneficial owner

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