China Baoan Group Co (SZSE:000009) Inventory Turnover : 0.35 (As of Mar. 2024)

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What is China Baoan 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. China Baoan Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,673 Mil. China Baoan Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥10,575 Mil. China Baoan Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Baoan Group Co's Days Inventory for the three months ended in Mar. 2024 was 262.69.

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. China Baoan Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.11.

China Baoan Group Co Inventory Turnover Historical Data

The historical data trend for China Baoan 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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China Baoan Group Co Inventory Turnover Chart

China Baoan Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.83

0.80

1.34

2.29

2.14

China Baoan 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															0.56	0.58	0.58	0.43	0.35

China Baoan Group Co Inventory Turnover Calculation

China Baoan 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 )
=	24314.092	/ (	(12194.083	+	10536.29)	/	2 )
=	24314.092	/	11365.1865
=	2.14

China Baoan 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 )
=	3673.23	/ (	(10536.29	+	10612.712)	/	2 )
=	3673.23	/	10574.501
=	0.35

China Baoan Group Co (SZSE:000009) 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.

China Baoan 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
	=	10574.501	/	3673.23	*	365 / 4
	=	262.69

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.

China Baoan 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 )
	=	10574.501	/	5000.063
	=	2.11

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.

China Baoan Group Co Inventory Turnover Related Terms

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China Baoan Group Co (SZSE:000009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » China Baoan Group Co Ltd (SZSE:000009) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1002, Sungang East Road, Baoan Plaza, Block A, Floor 28-29, Guangdong Province, Shenzhen, CHN, 518020

Website

http://www.chinabaoan.com

China Baoan Group Co Ltd is a China-based company engaged in the business of real estate in China. In addition, it also operates a biological pharmacy and invests in high technology enterprises.

Executives

He De Hua	Executives
Chen Zheng Li	Directors, executives
Yang Lu	Director
Zhang Qu	Executives
Ceng Li Tao	Supervisors
Lin Tan Su	Independent director
Luo Wen Ming	Executives
Guo Chao Hui	Independent director
Lou Bing	Executives
Qiu Ren Chu	Director
Rong Yi Qiang	Supervisors
Chen Tai Quan	Directors, executives
Xie Yi	Executives

China Baoan Group Co (SZSE:000009) Headlines

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