Jiangsu Expressway Co (HKSE:00177) Inventory Turnover : 0.83 (As of Mar. 2024)

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What is Jiangsu Expressway 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. Jiangsu Expressway Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$1,990 Mil. Jiangsu Expressway Co's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$2,411 Mil. Jiangsu Expressway Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Expressway Co's Days Inventory for the three months ended in Mar. 2024 was 110.53.

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. Jiangsu Expressway Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.64.

Jiangsu Expressway Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Expressway 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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Jiangsu Expressway Co Inventory Turnover Chart

Jiangsu Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.10

1.16

2.28

2.58

3.93

Jiangsu Expressway 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															0.77	0.79	1.13	1.29	0.83

Jiangsu Expressway Co Inventory Turnover Calculation

Jiangsu Expressway 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 )
=	10479.151	/ (	(2886.728	+	2448.147)	/	2 )
=	10479.151	/	2667.4375
=	3.93

Jiangsu Expressway 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 )
=	1990.346	/ (	(2448.147	+	2373.624)	/	2 )
=	1990.346	/	2410.8855
=	0.83

Jiangsu Expressway Co (HKSE:00177) 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.

Jiangsu Expressway 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
	=	2410.8855	/	1990.346	*	365 / 4
	=	110.53

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.

Jiangsu Expressway 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 )
	=	2410.8855	/	3773.152
	=	0.64

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.

Jiangsu Expressway Co Inventory Turnover Related Terms

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Jiangsu Expressway Co (HKSE:00177) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangsu Expressway Co Ltd (HKSE:00177) » Definitions » Inventory Turnover

Traded in Other Exchanges

JEXYY:USA JEXYF:USA JE2:Germany JE2:Germany 600377:China

Address

6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049

Website

http://www.jsexpressway.com

Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway is a key revenue driver, Guangjing Expressway, and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Ningchang Expressway and Zhenli Expressway, Zhendan Expressway, Wufengshan Expressway, Changyi Expressway, Yichang Expressway, Longtan Bridge, Ancillary services, Real estate development, sales of electricity and advertising and others.

Executives

Citigroup Inc.	2502 Approved lending agent
Jpmorgan Chase & Co.	2502 Approved lending agent
Blackrock, Inc.	2201 Interest of corporation controlled by you
Mitsubishi Ufj Financial Group, Inc.	2201 Interest of corporation controlled by you
Newton Investment Management Limited	2102 Investment manager

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