Chongqing Water Group Co (SHSE:601158) Inventory Turnover : 2.32 (As of Sep. 2024)

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What is Chongqing Water 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. Chongqing Water Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,217 Mil. Chongqing Water Group Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥524 Mil. Chongqing Water Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chongqing Water Group Co's Days Inventory for the three months ended in Sep. 2024 was 39.26.

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. Chongqing Water Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.28.

Chongqing Water Group Co Inventory Turnover Historical Data

The historical data trend for Chongqing Water 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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Chongqing Water Group Co Inventory Turnover Chart

Chongqing Water Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.34

7.00

7.76

9.14

10.44

Chongqing Water Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.33	3.21	2.23	2.36	2.32

Chongqing Water Group Co Inventory Turnover Calculation

Chongqing Water 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 )
=	5430.189	/ (	(539.84	+	500.78)	/	2 )
=	5430.189	/	520.31
=	10.44

Chongqing Water Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1217.234	/ (	(503.479	+	543.947)	/	2 )
=	1217.234	/	523.713
=	2.32

Chongqing Water Group Co (SHSE:601158) 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.

Chongqing Water Group Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	523.713	/	1217.234	*	365 / 4
	=	39.26

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.

Chongqing Water Group Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	523.713	/	1839.944
	=	0.28

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.

Chongqing Water Group Co Inventory Turnover Related Terms

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Chongqing Water Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Water Group Co Ltd (SHSE:601158) » Definitions » Inventory Turnover

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Address

Number 1 Longjiawan, Yuzhong District, Chongqing, CHN, 400015

Website

http://www.cncqsw.com

Chongqing Water Group Co Ltd engages in water supply, sewage treatment, engineering construction, and other businesses in China. The company also constructs, operates, and maintains drainage facilities; and collects, treats, and discharges domestic sewage, industrial and commercial sewage, rainwater, and other sewage from the urban sewage pipe network, as well as treats sewage in rivers.

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