Shandong Iron & Steel Co (SHSE:600022) Inventory Turnover: 2.14 (As of Mar. 2026)

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SHSE:600022 Shandong Iron & Steel Co Ltd SHSE:600022
50 GF Score
Price ¥1.31
GF Value ¥1.10
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Shandong Iron & Steel Co Inventory Turnover?

Shandong Iron & Steel Co SHSE:600022 +2.34% 50 Inventory Turnover is 2.14 as of Mar. 2026. GuruFocus rates SHSE:600022 with a GF Score™ of 50/100 and a GF Value™ of ¥1.10 (Modestly Overvalued). The stock has 9 warning signs investors should review.

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. Shandong Iron & Steel Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥13,567 Mil. Shandong Iron & Steel Co's Average Total Inventories for the quarter that ended in Mar. 2026 was ¥6,342 Mil. Shandong Iron & Steel Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Iron & Steel Co's Days Inventory for the three months ended in Mar. 2026 was 42.66.

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. Shandong Iron & Steel Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.43.

Shandong Iron & Steel Co  (SHSE:600022) 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.

Shandong Iron & Steel Co's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=6341.8165/13566.521*365 / 4
=42.66

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.

Shandong Iron & Steel Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=6341.8165 / 14726.388
=0.43

* 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.

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.

Shandong Iron & Steel Co Inventory Turnover Related Terms

Shandong Iron & Steel Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Shandong Iron & Steel 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.

Shandong Iron & Steel Co Inventory Turnover Chart

Shandong Iron & Steel Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.12 17.42 17.73 13.06 9.54

Shandong Iron & Steel Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.85 3.66 3.48 1.70 2.14
SHSE:600022
50GF Score
Shandong Iron & Steel Co Ltd SHSE:600022
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Iron & Steel Co Inventory Turnover Calculation

Shandong Iron & Steel Co's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=60930.362 / ((6543.342 + 6237.003) / 2 )
=60930.362 / 6390.1725
=9.54

Shandong Iron & Steel Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=13566.521 / ((6237.003 + 6446.63) / 2 )
=13566.521 / 6341.8165
=2.14

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.14 mean?
Shandong Iron & Steel Co (SHSE:600022) has a Inventory Turnover of 2.14 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Shandong Iron & Steel Co and its competitors.
Is Shandong Iron & Steel Co's Inventory Turnover too high?
Shandong Iron & Steel Co's current Inventory Turnover is 2.14. Overall, Shandong Iron & Steel Co has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Iron & Steel Co's Inventory Turnover compare to NUE and STLD?
Shandong Iron & Steel Co's Inventory Turnover of 2.14 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Steel company?
A good Inventory Turnover depends on the Steel industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Shandong Iron & Steel Co and its competitors. Shandong Iron & Steel Co's current Inventory Turnover is 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Iron & Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Iron & Steel Co (SHSE:600022) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥1.10, compared to a current price of ¥1.31 — trading 19.1% above its estimated fair value. The current Inventory Turnover is 2.14. Shandong Iron & Steel Co's overall GF Score™ is 50/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Shandong Iron & Steel Co (SHSE:600022), the current Inventory Turnover is 2.14 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shandong Iron & Steel Co (SHSE:600022) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Iron & Steel Co stock appears to be overvalued. The current stock price of ¥1.31 is trading 19.1% above its estimated GF Value™ of ¥1.10. GuruFocus considers Shandong Iron & Steel Co to be Modestly Overvalued.

Key valuation signals for SHSE:600022:

  • Inventory Turnover: 2.14
  • GF Value™: ¥1.10 vs. price of ¥1.31 (19.1% above fair value)
  • GF Score™: 50/100 with 9 warning signs

No single metric tells the full story. See the SHSE:600022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shandong Iron & Steel Co Business Description

Address No. 21, Gongye North Road, Licheng District, Shandong Province, Jinan, CHN, 250101
Shandong Iron & Steel Co Ltd is a China-based company engaged in manufacturing and marketing steel materials. The company produces cold-formed steel, galvanized coil, composite board, hot rolled equal angle steel, hot-rolled channel steel and other products.
50GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥1.31
Price
¥1.10
GF Value