Center International Group Co (SHSE:603098) Inventory Turnover : 0.91 (As of Mar. 2024)

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What is Center International 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. Center International Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥506 Mil. Center International Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥558 Mil. Center International Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Center International Group Co's Days Inventory for the three months ended in Mar. 2024 was 100.58.

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. Center International Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.90.

Center International Group Co Inventory Turnover Historical Data

The historical data trend for Center International 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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Center International Group Co Inventory Turnover Chart

Center International Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.66

15.12

18.92

9.72

4.82

Center International Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.44	1.47	1.06	1.05	0.91

Center International Group Co Inventory Turnover Calculation

Center International 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 )
=	3006.073	/ (	(585.872	+	661.332)	/	2 )
=	3006.073	/	623.602
=	4.82

Center International Group 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 )
=	506.408	/ (	(661.332	+	454.992)	/	2 )
=	506.408	/	558.162
=	0.91

Center International Group Co (SHSE:603098) 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.

Center International Group 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
	=	558.162	/	506.408	*	365 / 4
	=	100.58

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.

Center International Group 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 )
	=	558.162	/	617.618
	=	0.90

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.

Center International Group Co Inventory Turnover Related Terms

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Center International Group Co (SHSE:603098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Center International Group Co Ltd (SHSE:603098) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 3 Yongchang North Road, Room 8404, Building 3, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

http://www.centerint.com

Center International Group Co Ltd is engaged in design, manufacturing and construction of structural steel buildings in China. Its projects include automobile logistics, petrochemical and among others.

Executives

Chen Jun Chen	senior management
Ye Yuan	senior management
Meng Tuo	Supervisors
Yan Jian	senior management
Jiang Hai Feng	senior management
Weng Jia En	Director
Liu Ai Sen	Director
Chen Wei Lin	senior management
Chen Wen	senior management
Liu De Shun	senior management
Gao Wei	Supervisors
Miao Ze Xian	senior management
Xie Li	Supervisors
Li Gui Ru	Director

Center International Group Co (SHSE:603098) Headlines

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