Qingdao Port International Co (Qingdao Port International Co) Inventory Turnover : 82.06 (As of Dec. 2023)

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What is Qingdao Port International 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. Qingdao Port International Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $527 Mil. Qingdao Port International Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $6 Mil. Qingdao Port International Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 82.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qingdao Port International Co's Days Inventory for the three months ended in Dec. 2023 was 1.11.

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. Qingdao Port International Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Qingdao Port International Co Inventory Turnover Historical Data

The historical data trend for Qingdao Port International 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.

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Qingdao Port International Co Inventory Turnover Chart

Qingdao Port International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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42.29

51.14

86.66

141.67

233.49

Qingdao Port International Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															72.76	-	71.57	82.06	52.64

Qingdao Port International Co Inventory Turnover Calculation

Qingdao Port International 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 )
=	1750.489	/ (	(7.767	+	7.227)	/	2 )
=	1750.489	/	7.497
=	233.49

Qingdao Port International 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	526.659	/ (	(5.609	+	7.227)	/	2 )
=	526.659	/	6.418
=	82.06

Qingdao Port International Co (OTCPK:QNDPF) 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.

Qingdao Port International Co's Days Inventory for the three 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
	=	6.418	/	526.659	*	365 / 4
	=	1.11

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.

Qingdao Port International 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 )
	=	6.418	/	632.282
	=	0.01

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.

Qingdao Port International Co Inventory Turnover Related Terms

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Qingdao Port International Co (Qingdao Port International Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qingdao Port International Co Ltd (OTCPK:QNDPF) » Definitions » Inventory Turnover

Traded in Other Exchanges

06198:Hong Kong 0QP:Germany 601298:China

Address

No. 12 Jingba Road, Huangdao District, Shangdong Province, Qingdao, CHN, 266011

Website

https://www.qingdao-port.com

Qingdao Port International Co Ltd is a Chinese company that acts as an operator of the Port of Qingdao. It provides a range of port-related services including basic port services such as stevedoring and storage services, ancillary and extended services such as logistics and financing-related services. The company has six operating segments; container handling and ancillary services, metal ore, coal, and other cargo handling and ancillary services, liquid bulk handling and ancillary services, logistics and port value-added services, port ancillary services, and financial services. It derives a majority of its revenue from the logistics and port value-added services segment followed by metal ore, coal, and other cargo handling segment and liquid bulk handling and ancillary services segment.

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