China Merchants Energy Shipping Co (SHSE:601872) Inventory Turnover : 4.03 (As of Dec. 2023)

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What is China Merchants Energy 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. China Merchants Energy Shipping Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥5,052 Mil. China Merchants Energy Shipping Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥1,252 Mil. China Merchants Energy Shipping Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Merchants Energy Shipping Co's Days Inventory for the three months ended in Dec. 2023 was 22.62.

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 Merchants Energy Shipping Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

China Merchants Energy Shipping Co Inventory Turnover Historical Data

The historical data trend for China Merchants Energy 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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China Merchants Energy Shipping Co Inventory Turnover Chart

China Merchants Energy Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.44

13.90

15.80

16.76

14.01

China Merchants Energy Shipping Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.20	3.32	4.33	3.91	4.03

China Merchants Energy Shipping Co Inventory Turnover Calculation

China Merchants Energy 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 )
=	19176.684	/ (	(1423.668	+	1313.264)	/	2 )
=	19176.684	/	1368.466
=	14.01

China Merchants Energy Shipping Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	5052.354	/ (	(1191.64	+	1313.264)	/	2 )
=	5052.354	/	1252.452
=	4.03

China Merchants Energy Shipping Co (SHSE:601872) 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 Merchants Energy Shipping Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1252.452	/	5052.354	*	365 / 4
	=	22.62

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 Merchants Energy Shipping Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1252.452	/	6858.482
	=	0.18

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 Merchants Energy Shipping Co Inventory Turnover Related Terms

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002

Website

http://www.cmenergyshipping.com

China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

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