China Energy Engineering (SHSE:601868) Inventory Turnover : 1.17 (As of Mar. 2024)

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What is China Energy 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 Energy Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥86,972 Mil. China Energy Engineering's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥74,543 Mil. China Energy Engineering's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Energy Engineering's Days Inventory for the three months ended in Mar. 2024 was 78.21.

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 Energy Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

China Energy Engineering Inventory Turnover Historical Data

The historical data trend for China Energy 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 Energy Engineering Inventory Turnover Chart

China Energy Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.51

3.78

4.66

5.35

5.49

China Energy Engineering Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.30	1.38	1.21	1.46	1.17

China Energy Engineering Inventory Turnover Calculation

China Energy 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 )
=	354726.606	/ (	(61381.16	+	67957.77)	/	2 )
=	354726.606	/	64669.465
=	5.49

China Energy Engineering'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 )
=	86971.568	/ (	(67957.77	+	81127.868)	/	2 )
=	86971.568	/	74542.819
=	1.17

China Energy Engineering (SHSE:601868) 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 Energy Engineering'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
	=	74542.819	/	86971.568	*	365 / 4
	=	78.21

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 Energy Engineering'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 )
	=	74542.819	/	97403.938
	=	0.77

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 Energy Engineering Inventory Turnover Related Terms

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China Energy Engineering (SHSE:601868) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Energy Engineering Corporation Ltd (SHSE:601868) » Definitions » Inventory Turnover

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03996:Hong Kong 2E5:Germany

Address

No. 26A West Dawang Road, Building 1, Room 01-2706, 1-24th Floor, Chaoyang District, Beijing, CHN, 100022

Website

https://www.ceec.net.cn

China Energy Engineering Corporation Ltd comprehensive solutions provider for the power industry in China and internationally. It is mainly engaged in Survey, design, and consulting services; Construction and contracting; Industrial manufacturing; Investment and operation; and other businesses. The company generates the majority of revenue from construction and contracting services for large scale power generation, transformation and transmission projects of fossil-fuel power, hydropower, nuclear power, wind farm and solar power in China and overseas, as well as undertaking other types of construction projects, such as water conservancy facilities, transportation, municipal engineering, industrial and civil construction projects.

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