CSD Water Service Co (SHSE:603903) Inventory Turnover : 1.78 (As of Sep. 2024)

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What is CSD Water Service 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. CSD Water Service Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥135 Mil. CSD Water Service Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥76 Mil. CSD Water Service Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CSD Water Service Co's Days Inventory for the three months ended in Sep. 2024 was 51.14.

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. CSD Water Service Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.39.

CSD Water Service Co Inventory Turnover Historical Data

The historical data trend for CSD Water Service 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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CSD Water Service Co Inventory Turnover Chart

CSD Water Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.02

27.20

33.61

29.93

32.01

CSD Water Service Co 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															3.21	13.00	4.72	3.50	1.78

CSD Water Service Co Inventory Turnover Calculation

CSD Water Service 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 )
=	1067.686	/ (	(43.646	+	23.064)	/	2 )
=	1067.686	/	33.355
=	32.01

CSD Water Service Co'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 )
=	134.761	/ (	(67.305	+	83.751)	/	2 )
=	134.761	/	75.528
=	1.78

CSD Water Service Co (SHSE:603903) 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.

CSD Water Service Co'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
	=	75.528	/	134.761	*	365 / 4
	=	51.14

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.

CSD Water Service Co'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 )
	=	75.528	/	192.481
	=	0.39

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.

CSD Water Service Co Inventory Turnover Related Terms

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CSD Water Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » CSD Water Service Co Ltd (SHSE:603903) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 66 Xixiaokou Road, Zhongguancun, Room 402, 4th Floor, Building 2, D District, Dongsheng Science and Technology Park, Haidian District, Beijing, CHN, 100192

Website

http://www.zchb-water.net

CSD Water Service Co Ltd is a China based integrated water service provider. It focuses on small and medium-sized cities, industrial parks and industrial customers, with investment operations, system integration, fiduciary management and technical services as the core of water, sewage and associated sludge treatment facilities. The entity's business projects covers research and development of wastewater treatment and sludge disposal technologies; environmental protection facilities operation management; environmental engineering contracting; provision of environmental technology consulting, technical services, technology development, technical support; sales of self-developed products, environmental protection equipment, and complete sets of equipment.

Executives

Wang Zhi Li	senior management
Wang Fang	Supervisors
Yu Zheng Xin	senior management
Wang Hai Yun	senior management

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