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China Tianrui Group Cement Co (HKSE:01252) Inventory Turnover : 3.43 (As of Dec. 2023)


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What is China Tianrui Group Cement 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. China Tianrui Group Cement Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,501 Mil. China Tianrui Group Cement Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,021 Mil. China Tianrui Group Cement Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Tianrui Group Cement Co's Days Inventory for the six months ended in Dec. 2023 was 53.22.

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 Tianrui Group Cement Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.

China Tianrui Group Cement Co Inventory Turnover Historical Data

The historical data trend for China Tianrui Group Cement 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.

* Premium members only.

China Tianrui Group Cement Co Inventory Turnover Chart

China Tianrui Group Cement Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.76 7.83 10.21 8.44 6.65

China Tianrui Group Cement Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.10 3.56 3.74 2.90 3.43

China Tianrui Group Cement Co Inventory Turnover Calculation

China Tianrui Group Cement 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 )
=6846.495 / ((1164.691 + 895.943) / 2 )
=6846.495 / 1030.317
=6.65

China Tianrui Group Cement Co'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 )
=3501.251 / ((1145.963 + 895.943) / 2 )
=3501.251 / 1020.953
=3.43

* 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.

China Tianrui Group Cement Co  (HKSE:01252) 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 Tianrui Group Cement Co'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
=1020.953/3501.251*365 / 2
=53.22

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 Tianrui Group Cement Co'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 )
=1020.953 / 4255.075
=0.24

* 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.

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 Tianrui Group Cement Co Inventory Turnover Related Terms

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China Tianrui Group Cement Co (HKSE:01252) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Tianrui Group Cement Co Ltd (HKSE:01252) » Definitions » Inventory Turnover
Comparable Companies
HKSE:01313 HKSE:02009 HKSE:02233 HKSE:00743 HKSE:00691 HKSE:02187 HKSE:00695 HKSE:03300 HKSE:03323 HKSE:01943 CRH XSWX:HOLN NSE:ULTRACEMCO VMC MLM SHSE:600585 XKRX:003670 NSE:GRASIM XTER:HEI BOM:500387
Traded in Other Exchanges
T18:Germany
Address
No. 63 Guangcheng East Road, Henan Province, Ruzhou, CHN, 467500
Website
http://www.trcement.com
China Tianrui Group Cement Co Ltd, along with its subsidiaries, is engaged in the excavation of limestone, the production, and sale of cement and clinker. The company is organized into two geographic segments: Central China and Northeastern China of which Central China contributes the vast majority of total revenue.
Executives
Li Fengluan 2201 Interest of corporation controlled by you
Li Liufa 2201 Interest of corporation controlled by you
Tianrui (international) Holding Company Limited 2201 Interest of corporation controlled by you
Tianrui Group Company Limited 2201 Interest of corporation controlled by you
Yu Kuo Company Limited 2101 Beneficial owner
Carosse Limited 2201 Interest of corporation controlled by you
Holy Eagle Company Limited 2201 Interest of corporation controlled by you
Yu Qi Company Limited 2201 Interest of corporation controlled by you
China Cinda Asset Management Co., Ltd. 2201 Interest of corporation controlled by you
China Huarong (macau) International Company Limited 2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Jin Chu Kou Yin Xing 2106 Person having a security interest in shares
Wu Tong Shu Tou Zi Ping Tai You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Best Ego Limited 2106 Person having a security interest in shares
China Huarong International Holdings Ltd 2201 Interest of corporation controlled by you

China Tianrui Group Cement Co (HKSE:01252) Headlines

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