Guangzhou Development Group (SHSE:600098) Inventory Turnover : 4.92 (As of Mar. 2024)

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What is Guangzhou Development 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. Guangzhou Development Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥9,548 Mil. Guangzhou Development Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,939 Mil. Guangzhou Development Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Development Group's Days Inventory for the three months ended in Mar. 2024 was 18.53.

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. Guangzhou Development Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

Guangzhou Development Group Inventory Turnover Historical Data

The historical data trend for Guangzhou Development 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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Guangzhou Development Group Inventory Turnover Chart

Guangzhou Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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14.01

12.32

17.59

27.90

26.18

Guangzhou Development Group 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															5.33	5.49	4.96	6.54	4.92

Guangzhou Development Group Inventory Turnover Calculation

Guangzhou Development Group'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 )
=	41716.717	/ (	(1499.352	+	1687.196)	/	2 )
=	41716.717	/	1593.274
=	26.18

Guangzhou Development Group'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 )
=	9547.554	/ (	(1687.196	+	2191.329)	/	2 )
=	9547.554	/	1939.2625
=	4.92

Guangzhou Development Group (SHSE:600098) 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.

Guangzhou Development Group'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
	=	1939.2625	/	9547.554	*	365 / 4
	=	18.53

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.

Guangzhou Development Group'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 )
	=	1939.2625	/	10694.409
	=	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.

Guangzhou Development Group Inventory Turnover Related Terms

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Guangzhou Development Group (SHSE:600098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Guangzhou Development Group Inc (SHSE:600098) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

28/F, Development Center, No. 3 Linjiang Avenue, Zhujiang Xincheng, Guangzhou, CHN

Website

http://www.gdg.com.cn

Guangzhou Development Group Incorporated is a China-based company operating in the integrated energy business. It is engaged in the investment, construction, development, and operation of electric power, coal, oil products, natural gas and new energy. The company is also involved in the energy logistics business.

Executives

Wu Xu	Director
Feng Kai Yun	Director
Li Shuang Yin	Supervisors
Yang Dan De	Director

Guangzhou Development Group (SHSE:600098) Headlines

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