Shen Zhen Bauing Construction Holding Group Co (SZSE:002047) Inventory Turnover : 26.29 (As of Mar. 2024)

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What is Shen Zhen Bauing Construction Holding 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. Shen Zhen Bauing Construction Holding Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥718 Mil. Shen Zhen Bauing Construction Holding Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥27 Mil. Shen Zhen Bauing Construction Holding Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 26.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shen Zhen Bauing Construction Holding Group Co's Days Inventory for the three months ended in Mar. 2024 was 3.47.

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. Shen Zhen Bauing Construction Holding Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Shen Zhen Bauing Construction Holding Group Co Inventory Turnover Historical Data

The historical data trend for Shen Zhen Bauing Construction Holding 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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Shen Zhen Bauing Construction Holding Group Co Inventory Turnover Chart

Shen Zhen Bauing Construction Holding Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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26.62

77.00

69.87

60.53

97.78

Shen Zhen Bauing Construction Holding 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															15.46	31.12	20.56	46.46	26.29

Shen Zhen Bauing Construction Holding Group Co Inventory Turnover Calculation

Shen Zhen Bauing Construction Holding 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 )
=	3820.371	/ (	(50.595	+	27.544)	/	2 )
=	3820.371	/	39.0695
=	97.78

Shen Zhen Bauing Construction Holding 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 )
=	717.754	/ (	(27.544	+	27.068)	/	2 )
=	717.754	/	27.306
=	26.29

Shen Zhen Bauing Construction Holding Group Co (SZSE:002047) 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.

Shen Zhen Bauing Construction Holding 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
	=	27.306	/	717.754	*	365 / 4
	=	3.47

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.

Shen Zhen Bauing Construction Holding 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 )
	=	27.306	/	775.547
	=	0.04

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.

Shen Zhen Bauing Construction Holding Group Co Inventory Turnover Related Terms

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Shen Zhen Bauing Construction Holding Group Co (SZSE:002047) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shen Zhen Bauing Construction Holding Group Co Ltd (SZSE:002047) » Definitions » Inventory Turnover

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Address

Tairan 4th Road, 4th Floor, Building 303, Chegongmiao, Futian District, Shenzhen, CHN, 518000

Website

http://www.szby.cn

Shen Zhen Bauing Construction Holding Group Co Ltd is a decoration enterprise in China's architectural decoration industry. It is engaged in the decoration engineering, curtain wall steel structure engineering, integrated intelligent engineering, building fire engineering, mechanical and electrical installation engineering, security technology engineering, metal door and window engineering, exhibition engineering and medical equipment engineering, providing professional design, construction, and integrated solutions and contract management services. The company undertakes public cultural engineering, hotel projects, airport subway project, hospital renovation project, smart home engineering, and other projects.

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