Shanghai International Port (Group) Co (SHSE:600018) Inventory Turnover : 0.53 (As of Mar. 2024)

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What is Shanghai International Port (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. Shanghai International Port (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,368 Mil. Shanghai International Port (Group) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥10,086 Mil. Shanghai International Port (Group) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai International Port (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 171.46.

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. Shanghai International Port (Group) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.13.

Shanghai International Port (Group) Co Inventory Turnover Historical Data

The historical data trend for Shanghai International Port (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.

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Shanghai International Port (Group) Co Inventory Turnover Chart

Shanghai International Port (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.92

1.11

1.35

1.79

2.15

Shanghai International Port (Group) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.39	0.48	0.61	0.65	0.53

Shanghai International Port (Group) Co Inventory Turnover Calculation

Shanghai International Port (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 )
=	23506.848	/ (	(11538.349	+	10282.28)	/	2 )
=	23506.848	/	10910.3145
=	2.15

Shanghai International Port (Group) Co'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 )
=	5367.692	/ (	(10282.28	+	9889.166)	/	2 )
=	5367.692	/	10085.723
=	0.53

Shanghai International Port (Group) Co (SHSE:600018) 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.

Shanghai International Port (Group) Co'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
	=	10085.723	/	5367.692	*	365 / 4
	=	171.46

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.

Shanghai International Port (Group) Co'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 )
	=	10085.723	/	8951.114
	=	1.13

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.

Shanghai International Port (Group) Co Inventory Turnover Related Terms

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Shanghai International Port (Group) Co (SHSE:600018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai International Port (Group) Co Ltd (SHSE:600018) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

358 East Daming Road, Shanghai, CHN, 200080

Website

http://www.portshanghai.com.cn

Shanghai International Port Group, or SIPG, is the world's largest container port in terms of throughput volume, and a major trans-shipment hub in China. It engages in handling port containers and bulk cargo along with other container-related services in the Yangtze River Delta. The gross profit in core port operation is approximately 72% in containers, 2% in bulk cargo, and 26% in port logistics and services. The Shanghai state-owned Asset Supervision and Administration Commission holds approximately a 44% stake in SIPG.

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