Shandong Airlines Co (SZSE:200152) Inventory Turnover : 23.17 (As of Mar. 2023)

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What is Shandong Airlines 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. Shandong Airlines Co's Cost of Goods Sold for the three months ended in Mar. 2023 was HK$4,653 Mil. Shandong Airlines Co's Average Total Inventories for the quarter that ended in Mar. 2023 was HK$201 Mil. Shandong Airlines Co's Inventory Turnover for the quarter that ended in Mar. 2023 was 23.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Airlines Co's Days Inventory for the three months ended in Mar. 2023 was 3.94.

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. Shandong Airlines Co's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.05.

Shandong Airlines Co Inventory Turnover Historical Data

The historical data trend for Shandong Airlines 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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Shandong Airlines Co Inventory Turnover Chart

Shandong Airlines Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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177.75

158.32

117.72

123.84

81.62

Shandong Airlines Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															25.77	18.00	29.97	18.05	23.17

Shandong Airlines Co Inventory Turnover Calculation

Shandong Airlines Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	13840.423	/ (	(136.877	+	202.264)	/	2 )
=	13840.423	/	169.5705
=	81.62

Shandong Airlines Co's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	4653.01	/ (	(202.264	+	199.367)	/	2 )
=	4653.01	/	200.8155
=	23.17

Shandong Airlines Co (SZSE:200152) 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.

Shandong Airlines Co's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	200.8155	/	4653.01	*	365 / 4
	=	3.94

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.

Shandong Airlines Co's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	200.8155	/	4423.726
	=	0.05

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.

Shandong Airlines Co Inventory Turnover Related Terms

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Shandong Airlines Co (SZSE:200152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shandong Airlines Co Ltd (SZSE:200152) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

5746 - East 2nd Ring Road, Shandong Airlines Centre, Shandong, Jinan, CHN, 250014

Website

http://www.sda.cn

Shandong Airlines Co Ltd is mainly engaged in providing passenger and cargo air transport services. The company provides services such as Air Transport Services, Logistics & Freight Forwarding Services, Hotel and Catering Services, as well as Training Services. The business activity of the group is operated through Hong Kong, Macau, Taiwan, and overseas markets. The group derives revenue from the rendering of air services for the carriage of passengers and through royalty.

Shandong Airlines Co (SZSE:200152) Headlines

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