Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Inventory Turnover : 1.91 (As of Mar. 2024)

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What is Changjiang & Jinggong Steel Building (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. Changjiang & Jinggong Steel Building (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,026 Mil. Changjiang & Jinggong Steel Building (Group) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,583 Mil. Changjiang & Jinggong Steel Building (Group) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changjiang & Jinggong Steel Building (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 47.75.

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. Changjiang & Jinggong Steel Building (Group) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Changjiang & Jinggong Steel Building (Group) Co Inventory Turnover Historical Data

The historical data trend for Changjiang & Jinggong Steel Building (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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Changjiang & Jinggong Steel Building (Group) Co Inventory Turnover Chart

Changjiang & Jinggong Steel Building (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.87

9.98

10.72

10.05

10.41

Changjiang & Jinggong Steel Building (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															2.33	2.28	2.04	2.85	1.91

Changjiang & Jinggong Steel Building (Group) Co Inventory Turnover Calculation

Changjiang & Jinggong Steel Building (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 )
=	14361.312	/ (	(1327.228	+	1431.106)	/	2 )
=	14361.312	/	1379.167
=	10.41

Changjiang & Jinggong Steel Building (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 )
=	3026.083	/ (	(1431.106	+	1735.774)	/	2 )
=	3026.083	/	1583.44
=	1.91

Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) 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.

Changjiang & Jinggong Steel Building (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
	=	1583.44	/	3026.083	*	365 / 4
	=	47.75

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.

Changjiang & Jinggong Steel Building (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 )
	=	1583.44	/	3414.176
	=	0.46

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.

Changjiang & Jinggong Steel Building (Group) Co Inventory Turnover Related Terms

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Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changjiang & Jinggong Steel Building (Group) Co Ltd (SHSE:600496) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Chang Jiang Jing Gong Industrial Park, Economic and Technological Development Zone, Anhui, Liu'an, CHN, 237161

Website

http://www.600496.com

Changjiang & Jinggong Steel Building (Group) Co Ltd is a China-based company engaged in the design, production, construction, and engineering services of steel construction and enclosure system. Its main products include light steel structures, space large span steel structures, high-rise steel structures, envelope systems and fasteners, as well as curtain wall systems. The company mainly operates its businesses in the domestic and overseas markets.

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