CMOC Group (SHSE:603993) Inventory Turnover : 1.30 (As of Mar. 2024)

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What is CMOC Group 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. CMOC Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥40,222 Mil. CMOC Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥30,828 Mil. CMOC Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CMOC Group's Days Inventory for the three months ended in Mar. 2024 was 69.94.

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. CMOC Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.67.

CMOC Group Inventory Turnover Historical Data

The historical data trend for CMOC Group'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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CMOC Group Inventory Turnover Chart

CMOC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.80

4.99

6.55

5.30

5.28

CMOC Group 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															1.38	1.30	1.17	1.38	1.30

CMOC Group Inventory Turnover Calculation

CMOC Group'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 )
=	168158.198	/ (	(32254.722	+	31430.496)	/	2 )
=	168158.198	/	31842.609
=	5.28

CMOC Group'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 )
=	40221.645	/ (	(31430.496	+	30226.108)	/	2 )
=	40221.645	/	30828.302
=	1.30

CMOC Group (SHSE:603993) 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.

CMOC Group'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
	=	30828.302	/	40221.645	*	365 / 4
	=	69.94

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.

CMOC Group'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 )
	=	30828.302	/	46121.38
	=	0.67

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.

CMOC Group Inventory Turnover Related Terms

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CMOC Group (SHSE:603993) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CMOC Group Ltd (SHSE:603993) » Definitions » Inventory Turnover

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CMCLF:USA 03993:Hong Kong D7N:Germany

Address

North of Yihe, Huamei Shan Road, Chengdong New District, Luanchuan County, Henan Province, Luoyang, CHN, 471500

Website

https://www.cmoc.com

CMOC Group Ltd is engaged in the mining and processing smelting, deep processing, trade, research, and development of molybdenum, tungsten, copper, gold, and other precious and base metals. The company has both upstream and downstream operations including molybdenum mining, processing, roasting, molybdenum chemical products, and molybdenum metal processing. The company has operating segments, namely Molybdenum Tungsten-related products, Copper and gold-related products, Niobium and Phosphorus-related products, Copper and Cobalt-related products, metal trading, and others. It derives a majority of its revenue from China.

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