Shanghai Mechanical & Electrical Industry Co (SHSE:600835) Inventory Turnover : 0.66 (As of Dec. 2024)

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What is Shanghai Mechanical & Electrical Industry 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 Mechanical & Electrical Industry Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ¥4,157 Mil. Shanghai Mechanical & Electrical Industry Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ¥6,252 Mil. Shanghai Mechanical & Electrical Industry Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Mechanical & Electrical Industry Co's Days Inventory for the three months ended in Dec. 2024 was 137.25.

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 Mechanical & Electrical Industry Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.25.

Shanghai Mechanical & Electrical Industry Co Inventory Turnover Historical Data

The historical data trend for Shanghai Mechanical & Electrical Industry 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 Mechanical & Electrical Industry Co Inventory Turnover Chart

Shanghai Mechanical & Electrical Industry Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.10

2.22

2.18

2.17

2.41

Shanghai Mechanical & Electrical Industry Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.50	0.43	0.61	0.69	0.66

Shanghai Mechanical & Electrical Industry Co Inventory Turnover Calculation

Shanghai Mechanical & Electrical Industry Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	17370.526	/ (	(8336.146	+	6072.946)	/	2 )
=	17370.526	/	7204.546
=	2.41

Shanghai Mechanical & Electrical Industry Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	4156.951	/ (	(6431.986	+	6072.946)	/	2 )
=	4156.951	/	6252.466
=	0.66

Shanghai Mechanical & Electrical Industry Co (SHSE:600835) 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 Mechanical & Electrical Industry Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	6252.466	/	4156.951	*	365 / 4
	=	137.25

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 Mechanical & Electrical Industry Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	6252.466	/	4997.447
	=	1.25

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 Mechanical & Electrical Industry Co Inventory Turnover Related Terms

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Shanghai Mechanical & Electrical Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Mechanical & Electrical Industry Co Ltd (SHSE:600835) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

900925:China

Address

No. 1286 Minsheng Road, Huishang Building, 9F, Pudong, Shanghai, Shanghai, CHN, 200135

Website

http://www.chinasec.cn

Shanghai Mechanical & Electrical Industry Co Ltd mainly operates as a distributor and manufacturer of the mechanical and electrical equipment. It provides products such as escalators, printing and packaging machines, refrigeration and air conditioning and welding equipment, engineering machineries, wood-based panel machineries, energy engineering, hydraulic and pneumatic products and electrical equipment.

Executives

Yu Yin Gui

Supervisors

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