China Aluminum International Engineering (HKSE:02068) Inventory Turnover : 2.02 (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is China Aluminum International Engineering 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 Aluminum International Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$4,904 Mil. China Aluminum International Engineering's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$2,432 Mil. China Aluminum International Engineering's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Aluminum International Engineering's Days Inventory for the three months ended in Mar. 2024 was 45.26.

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 Aluminum International Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.45.

China Aluminum International Engineering Inventory Turnover Historical Data

The historical data trend for China Aluminum International Engineering'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 Aluminum International Engineering Inventory Turnover Chart

China Aluminum International Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

8.40

6.64

7.18

7.34

7.85

China Aluminum International Engineering Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.38	1.60	1.66	2.65	2.02

China Aluminum International Engineering Inventory Turnover Calculation

China Aluminum International Engineering'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 )
=	22094.143	/ (	(3188.169	+	2438.521)	/	2 )
=	22094.143	/	2813.345
=	7.85

China Aluminum International Engineering'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 )
=	4904.007	/ (	(2438.521	+	2426.308)	/	2 )
=	4904.007	/	2432.4145
=	2.02

China Aluminum International Engineering (HKSE:02068) 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 Aluminum International Engineering'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
	=	2432.4145	/	4904.007	*	365 / 4
	=	45.26

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 Aluminum International Engineering'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 )
	=	2432.4145	/	5415.503
	=	0.45

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 Aluminum International Engineering Inventory Turnover Related Terms

Thank you for viewing the detailed overview of China Aluminum International Engineering's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

China Aluminum International Engineering (HKSE:02068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Aluminum International Engineering Corp Ltd (HKSE:02068) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

601068:China

Address

No. 99 Xingshikou Road, Building C, Haidian District, Beijing, CHN, 100093

Website

https://www.chalieco.com.cn

China Aluminum International Engineering Corp Ltd is a technology, engineering service, and equipment provider in the nonferrous metals industry in China, capable of providing a full range of integrated technology and engineering design and construction services for various businesses in the entire nonferrous metals industry chain. The company's businesses mainly include engineering survey, design and consultancy, engineering and construction contracting, equipment manufacturing, and equipment trading. The company earns its revenue from its operations in China.

China Aluminum International Engineering (HKSE:02068) Headlines

No Headlines