West China Cement (HKSE:02233) Inventory Turnover : 1.48 (As of Dec. 2023)

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What is West China Cement 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. West China Cement's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,715 Mil. West China Cement's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2,509 Mil. West China Cement's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. West China Cement's Days Inventory for the six months ended in Dec. 2023 was 123.25.

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. West China Cement's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.50.

West China Cement Inventory Turnover Historical Data

The historical data trend for West China Cement'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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West China Cement Inventory Turnover Chart

West China Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.24

7.06

6.19

4.66

3.40

West China Cement 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															2.65	2.16	2.35	1.68	1.48

West China Cement Inventory Turnover Calculation

West China Cement'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 )
=	7176.154	/ (	(1662.63	+	2562.444)	/	2 )
=	7176.154	/	2112.537
=	3.40

West China Cement'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 )
=	3715.387	/ (	(2455.759	+	2562.444)	/	2 )
=	3715.387	/	2509.1015
=	1.48

West China Cement (HKSE:02233) 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.

West China Cement'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
	=	2509.1015	/	3715.387	*	365 / 2
	=	123.25

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.

West China Cement'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 )
	=	2509.1015	/	5056.114
	=	0.50

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.

West China Cement Inventory Turnover Related Terms

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West China Cement (HKSE:02233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » West China Cement Ltd (HKSE:02233) » Definitions » Inventory Turnover

Traded in Other Exchanges

WCHNF:USA WFG1:Germany

Address

No. 336 4th Shenzhou Road, Yaobai R&D Training Center, Aerospace Industrial Base, Chang’an District, Xian, Shaanxi, CHN

Website

http://www.westchinacement.com

West China Cement Ltd is a producer of cement and supplies its products to the infrastructure, urban, and rural construction markets in China. The primary use of West China's cement is in the construction of infrastructure projects such as highways, bridges, railways, roads, and residential buildings.

Executives

Conch International Holdings (hk) Limited	2101 Beneficial owner
Zhong Guo Hai Luo Chuang Ye Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
An Hui Hai Luo Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Wu Hu Hai Chuang Shi Ye You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
An Hui Hai Luo Shui Ni Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

West China Cement (HKSE:02233) Headlines

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