CRCC High-Tech Equipment (HKSE:01786) Inventory Turnover : 0.55 (As of Dec. 2023)

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What is CRCC High-Tech Equipment 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. CRCC High-Tech Equipment's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,602 Mil. CRCC High-Tech Equipment's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2,895 Mil. CRCC High-Tech Equipment's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CRCC High-Tech Equipment's Days Inventory for the six months ended in Dec. 2023 was 329.77.

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. CRCC High-Tech Equipment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.77.

CRCC High-Tech Equipment Inventory Turnover Historical Data

The historical data trend for CRCC High-Tech Equipment'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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CRCC High-Tech Equipment Inventory Turnover Chart

CRCC High-Tech Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.28

0.95

0.99

1.03

1.13

CRCC High-Tech Equipment Semi-Annual Data
	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														0.48	0.41	0.61	0.58	0.55

CRCC High-Tech Equipment Inventory Turnover Calculation

CRCC High-Tech Equipment'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 )
=	3099.607	/ (	(2434.12	+	3043.361)	/	2 )
=	3099.607	/	2738.7405
=	1.13

CRCC High-Tech Equipment'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 )
=	1601.882	/ (	(2745.771	+	3043.361)	/	2 )
=	1601.882	/	2894.566
=	0.55

CRCC High-Tech Equipment (HKSE:01786) 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.

CRCC High-Tech Equipment'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
	=	2894.566	/	1601.882	*	365 / 2
	=	329.77

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.

CRCC High-Tech Equipment'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 )
	=	2894.566	/	1636.979
	=	1.77

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.

CRCC High-Tech Equipment Inventory Turnover Related Terms

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CRCC High-Tech Equipment (HKSE:01786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRCC High-Tech Equipment Corporation Ltd (HKSE:01786) » Definitions » Inventory Turnover

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Address

No. 384, Yangfangwang, Jinma Town, Yunnan Province, Kunming, CHN

Website

http://www.crcce.com.cn

CRCC High-Tech Equipment Corporation Ltd is engaged in the manufacture of products in the large-scale railway track maintenance machinery industry and the provision of related services. Its revenues are generated from manufacturing and sales of machines, parts, components sales and services, overhaul services, and railway line maintenance services. Geographically, the majority of its revenue derives from China.

CRCC High-Tech Equipment (HKSE:01786) Headlines

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