Shanghai Electric Wind Power Group Co (SHSE:688660) Inventory Turnover : 0.19 (As of Mar. 2024)

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What is Shanghai Electric Wind Power 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 Electric Wind Power Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥376 Mil. Shanghai Electric Wind Power Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,935 Mil. Shanghai Electric Wind Power Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Electric Wind Power Group Co's Days Inventory for the three months ended in Mar. 2024 was 470.09.

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 Electric Wind Power Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.12.

Shanghai Electric Wind Power Group Co Inventory Turnover Historical Data

The historical data trend for Shanghai Electric Wind Power 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 Electric Wind Power Group Co Inventory Turnover Chart

Shanghai Electric Wind Power Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.32

4.47

3.48

5.45

Shanghai Electric Wind Power Group Co Quarterly Data
	Mar19	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															0.50	0.90	0.53	1.69	0.19

Shanghai Electric Wind Power Group Co Inventory Turnover Calculation

Shanghai Electric Wind Power 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 )
=	9447.073	/ (	(1795.373	+	1668.984)	/	2 )
=	9447.073	/	1732.1785
=	5.45

Shanghai Electric Wind Power 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 )
=	375.702	/ (	(1668.984	+	2202.002)	/	2 )
=	375.702	/	1935.493
=	0.19

Shanghai Electric Wind Power Group Co (SHSE:688660) 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 Electric Wind Power 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
	=	1935.493	/	375.702	*	365 / 4
	=	470.09

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 Electric Wind Power 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 )
	=	1935.493	/	469.452
	=	4.12

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 Electric Wind Power Group Co Inventory Turnover Related Terms

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Shanghai Electric Wind Power Group Co (SHSE:688660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shanghai Electric Wind Power Group Co Ltd (SHSE:688660) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 555, Dongchuan Road, 8th Floor, Building, Minhang District, Shanghai, CHN, 200240

Website

https://www.shanghai-electric.com

Shanghai Electric Wind Power Group Co Ltd is engaged in the design, research and development, manufacturing and sales, and aftermarket supporting services of Wind power equipment.

Executives

Huang Feng Feng	senior management
Wang Hong Chun	Supervisors
Qiao Yin Ping	Director
Wang Yong	Directors, senior managers
Liu Xiang Nan	Directors, senior managers
Wu Gai	Directors, senior managers
Wang Ming Jun	senior management
Zheng Gang	Directors, senior managers
Zhu Zhi Quan	Core technical personnel

Shanghai Electric Wind Power Group Co (SHSE:688660) Headlines

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