CITIC Envirotech (TPE:911610) Inventory Turnover : 2.12 (As of Sep. 2019)

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What is CITIC Envirotech 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. CITIC Envirotech's Cost of Goods Sold for the three months ended in Sep. 2019 was NT$1,562 Mil. CITIC Envirotech's Average Total Inventories for the quarter that ended in Sep. 2019 was NT$736 Mil. CITIC Envirotech's Inventory Turnover for the quarter that ended in Sep. 2019 was 2.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CITIC Envirotech's Days Inventory for the three months ended in Sep. 2019 was 42.96.

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. CITIC Envirotech's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.20.

CITIC Envirotech Inventory Turnover Historical Data

The historical data trend for CITIC Envirotech'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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CITIC Envirotech Inventory Turnover Chart

CITIC Envirotech Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

Inventory Turnover

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271.80

27.04

20.33

21.24

23.40

CITIC Envirotech Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Inventory Turnover	Get a 7-Day Free Trial															5.36	3.77	0.72	3.48	2.12

CITIC Envirotech Inventory Turnover Calculation

CITIC Envirotech's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	13505.061	/ (	(564.512	+	589.61)	/	2 )
=	13505.061	/	577.061
=	23.40

CITIC Envirotech's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

	Inventory Turnover (Q: Sep. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2019 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )
=	1562.423	/ (	(644.305	+	826.708)	/	2 )
=	1562.423	/	735.5065
=	2.12

CITIC Envirotech (TPE:911610) 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.

CITIC Envirotech's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	735.5065	/	1562.423	*	365 / 4
	=	42.96

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.

CITIC Envirotech's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	735.5065	/	3702.305
	=	0.20

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.

CITIC Envirotech Inventory Turnover Related Terms

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CITIC Envirotech (TPE:911610) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CITIC Envirotech Ltd (TPE:911610) » Definitions » Inventory Turnover

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Address

10 Science Park Road, No. 01-01 The Alpha, Singapore, SGP, 117684

Website

http://www.citicenvirotech.com

CITIC Envirotech Ltd is a provider of membrane-based integrated environmental solutions. The company manufactures membrane products whose technologies are applied for the treatment and recycling of wastewater. Its principal activities include design, fabrication, installation, and commissioning of water and wastewater systems. The company operates through two segments. Its Engineering and membrane system comprises of Engineering and Membrane system sales. The Treatment segment is engaged in the rendering of wastewater treatment services and the Membrane manufacturing and sales segment manufactures and sells polymers. The company's geographical area of operation includes the People's Republic of China, the United States of America and Malaysia.

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