Ningbo Ocean Shipping Co (SHSE:601022) Inventory Turnover : 14.17 (As of Mar. 2024)

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What is Ningbo Ocean Shipping 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. Ningbo Ocean Shipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥955 Mil. Ningbo Ocean Shipping Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥67 Mil. Ningbo Ocean Shipping Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 14.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningbo Ocean Shipping Co's Days Inventory for the three months ended in Mar. 2024 was 6.44.

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. Ningbo Ocean Shipping Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Ningbo Ocean Shipping Co Inventory Turnover Historical Data

The historical data trend for Ningbo Ocean Shipping 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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Ningbo Ocean Shipping Co Inventory Turnover Chart

Ningbo Ocean Shipping Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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147.62

77.90

78.19

67.57

56.17

Ningbo Ocean Shipping Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											14.92	16.53	16.80	15.30	14.17

Ningbo Ocean Shipping Co Inventory Turnover Calculation

Ningbo Ocean Shipping 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 )
=	3713.979	/ (	(62.381	+	69.858)	/	2 )
=	3713.979	/	66.1195
=	56.17

Ningbo Ocean Shipping 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 )
=	954.505	/ (	(69.858	+	64.853)	/	2 )
=	954.505	/	67.3555
=	14.17

Ningbo Ocean Shipping Co (SHSE:601022) 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.

Ningbo Ocean Shipping 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
	=	67.3555	/	954.505	*	365 / 4
	=	6.44

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.

Ningbo Ocean Shipping 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 )
	=	67.3555	/	1167.072
	=	0.06

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.

Ningbo Ocean Shipping Co Inventory Turnover Related Terms

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Ningbo Ocean Shipping Co (SHSE:601022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningbo Ocean Shipping Co Ltd (SHSE:601022) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Building 2, Bei'an Fortune Center,, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315020

Website

http://www.nbosco.com

Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.

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