Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Inventory Turnover : 13.80 (As of Jun. 2024)

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What is Shanghai Research Institute of Building Sciences 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. Shanghai Research Institute of Building Sciences Group Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥591 Mil. Shanghai Research Institute of Building Sciences Group Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥43 Mil. Shanghai Research Institute of Building Sciences Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 13.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Research Institute of Building Sciences Group Co's Days Inventory for the three months ended in Jun. 2024 was 6.61.

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. Shanghai Research Institute of Building Sciences Group Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.05.

Shanghai Research Institute of Building Sciences Group Co Inventory Turnover Historical Data

The historical data trend for Shanghai Research Institute of Building Sciences 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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Shanghai Research Institute of Building Sciences Group Co Inventory Turnover Chart

Shanghai Research Institute of Building Sciences Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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44.42

53.91

69.23

69.20

69.15

Shanghai Research Institute of Building Sciences Group Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial										12.93	14.39	21.51	14.14	13.80

Shanghai Research Institute of Building Sciences Group Co Inventory Turnover Calculation

Shanghai Research Institute of Building Sciences 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 )
=	2656.563	/ (	(38.122	+	38.713)	/	2 )
=	2656.563	/	38.4175
=	69.15

Shanghai Research Institute of Building Sciences Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	590.755	/ (	(43.817	+	41.81)	/	2 )
=	590.755	/	42.8135
=	13.80

Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) 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.

Shanghai Research Institute of Building Sciences Group Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	42.8135	/	590.755	*	365 / 4
	=	6.61

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.

Shanghai Research Institute of Building Sciences Group Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	42.8135	/	875.389
	=	0.05

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.

Shanghai Research Institute of Building Sciences Group Co Inventory Turnover Related Terms

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Shanghai Research Institute of Building Sciences Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Research Institute of Building Sciences Group Co Ltd (SHSE:603153) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 75, Wanping South Road, Xuhui, Shanghai, CHN, 200032

Website

https://www.sribs.com

Shanghai Research Institute of Building Sciences Group Co Ltd is engaged in providing services of engineering consulting, testing and design in building, transportation and the environment. The company is undertaking generic technologies research and development in building, transportation and the environment. SRIBS operates a State Enterprise Research & Development Center, two state engineering test centers, over eight ministry-level R&D platforms, and several standardization committees and service platforms as well. The services of the company include Engineering Consulting, Engineering services, Construction, and Smart manufacturing. The company's Project portfolio includes the Shanghai center tower, the nine-star city, the Pudong football stadium, and others.

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