China Nuclear Engineering (SHSE:601611) Inventory Turnover : 1.94 (As of Sep. 2024)

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What is China Nuclear Engineering 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. China Nuclear Engineering's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥21,618 Mil. China Nuclear Engineering's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥11,117 Mil. China Nuclear Engineering's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Nuclear Engineering's Days Inventory for the three months ended in Sep. 2024 was 46.93.

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. China Nuclear Engineering's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.46.

China Nuclear Engineering Inventory Turnover Historical Data

The historical data trend for China Nuclear Engineering'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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China Nuclear Engineering Inventory Turnover Chart

China Nuclear Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.33

10.20

8.56

7.86

8.08

China Nuclear Engineering 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															1.71	2.13	2.10	1.82	1.94

China Nuclear Engineering Inventory Turnover Calculation

China Nuclear Engineering'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 )
=	96969.019	/ (	(11781.33	+	12220.741)	/	2 )
=	96969.019	/	12001.0355
=	8.08

China Nuclear Engineering'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 )
=	21617.553	/ (	(11871.562	+	10363.262)	/	2 )
=	21617.553	/	11117.412
=	1.94

China Nuclear Engineering (SHSE:601611) 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.

China Nuclear Engineering'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
	=	11117.412	/	21617.553	*	365 / 4
	=	46.93

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.

China Nuclear Engineering'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 )
	=	11117.412	/	24301.673
	=	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.

China Nuclear Engineering Inventory Turnover Related Terms

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China Nuclear Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Nuclear Engineering Corporation Ltd (SHSE:601611) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Chegongzhuang Street, No.12, Xicheng District, Beijing, CHN, 100037

Website

http://www.cnecc.com

China Nuclear Engineering Corporation Ltd is a China-based company engaged in providing engineering and construction services, clean energy open development and utilization and real estate development. It is also involved in the provision of nuclear power construction and engineering services. The company's business includes construction of the High-temperature reactor, Low-temperature nuclear heating reactor, Nuclear Power Plant (NPP) construction, industrial and civil engineering construction, inspection and maintenance of NPP, and providing talent training for global nuclear power engineering and construction.

Executives

Ding Shu Ying

senior management

China Nuclear Engineering Headlines

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