China Aerospace International Holdings (HKSE:00031) Inventory Turnover : 3.11 (As of Dec. 2023)

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What is China Aerospace International Holdings 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 Aerospace International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,366 Mil. China Aerospace International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$439 Mil. China Aerospace International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Aerospace International Holdings's Days Inventory for the six months ended in Dec. 2023 was 58.71.

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 Aerospace International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

China Aerospace International Holdings Inventory Turnover Historical Data

The historical data trend for China Aerospace International Holdings'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 Aerospace International Holdings Inventory Turnover Chart

China Aerospace International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.99

6.34

6.16

5.65

5.68

China Aerospace International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.87	2.71	2.82	2.96	3.11

China Aerospace International Holdings Inventory Turnover Calculation

China Aerospace International Holdings'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 )
=	2750.237	/ (	(513.484	+	455.543)	/	2 )
=	2750.237	/	484.5135
=	5.68

China Aerospace International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1365.705	/ (	(423.195	+	455.543)	/	2 )
=	1365.705	/	439.369
=	3.11

China Aerospace International Holdings (HKSE:00031) 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 Aerospace International Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	439.369	/	1365.705	*	365 / 2
	=	58.71

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 Aerospace International Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	439.369	/	1717.406
	=	0.26

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 Aerospace International Holdings Inventory Turnover Related Terms

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China Aerospace International Holdings (HKSE:00031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Aerospace International Holdings Ltd (HKSE:00031) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CIOC:Germany

Address

18 Tak Fung Street, Hung Hom, Room 1103-1107A, One Harbourfront, Kowloon, Hong Kong, HKG

Website

https://www.casil-group.com

China Aerospace International Holdings Ltd is an investment holding company engaged in the research and development, design, professional production, sales and services of the hi-tech manufacturing business such as plastic products, electronic products, power products and semiconductor products, it is also engaged in the segment like Aerospace Service Property investment. The business operation majorly functions through the region of Hong Kong.

Executives

Burhill Company Limited	2101 Beneficial owner
Zhong Guo Hang Tian Ke Ji Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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