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SINOPEC Engineering (Group) Co (HKSE:02386) Inventory Turnover : 43.04 (As of Dec. 2023)


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What is SINOPEC Engineering (Group) 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. SINOPEC Engineering (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$30,646 Mil. SINOPEC Engineering (Group) Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$712 Mil. SINOPEC Engineering (Group) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 43.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SINOPEC Engineering (Group) Co's Days Inventory for the six months ended in Dec. 2023 was 4.24.

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. SINOPEC Engineering (Group) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

SINOPEC Engineering (Group) Co Inventory Turnover Historical Data

The historical data trend for SINOPEC Engineering (Group) 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.

SINOPEC Engineering (Group) Co Inventory Turnover Chart

SINOPEC Engineering (Group) 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 58.37 37.79 57.47 73.87 81.22

SINOPEC Engineering (Group) 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 25.54 38.97 32.46 28.19 43.04

SINOPEC Engineering (Group) Co Inventory Turnover Calculation

SINOPEC Engineering (Group) 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 )
=55353.791 / ((845.906 + 517.198) / 2 )
=55353.791 / 681.552
=81.22

SINOPEC Engineering (Group) 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 )
=30645.943 / ((906.974 + 517.198) / 2 )
=30645.943 / 712.086
=43.04

* 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.

SINOPEC Engineering (Group) Co  (HKSE:02386) 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.

SINOPEC Engineering (Group) 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
=712.086/30645.943*365 / 2
=4.24

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.

SINOPEC Engineering (Group) 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 )
=712.086 / 34334.792
=0.02

* 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.

SINOPEC Engineering (Group) Co Inventory Turnover Related Terms

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SINOPEC Engineering (Group) Co (HKSE:02386) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SINOPEC Engineering (Group) Co Ltd (HKSE:02386) » Definitions » Inventory Turnover
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HKSE:01735 HKSE:02068 HKSE:01855 HKSE:01271 HKSE:00830 HKSE:09913 HKSE:00331 HKSE:01599 HKSE:02355 HKSE:01977 XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260
Traded in Other Exchanges
SENGF:USA
Address
Shenggu Middle Road, No. 8 Building, Shenggu Home, Chaoyang District, Beijing, CHN, 100029
Website
http://www.segroup.cn
SINOPEC Engineering (Group) Co Ltd is a wholly owned subsidiary of the Sinopec Group, a Chinese company. The group provides integrated engineering services and technical patents for domestic and international refining and chemical engineering businesses. The group mainly contains four segments: engineering, consulting and licensing; engineering, procurement and construction (EPC) contracting; construction; and equipment manufacturing. The company generates most of its revenue from the EPC contracting segment. Geographically, the business presence of the group is primarily seen in China, Malaysia, Kuwait, and Saudi Arabia.
Executives
Fmr Llc 2201 Interest of corporation controlled by you
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Brown Brothers Harriman & Co. 2502 Approved lending agent
Blackrock, Inc. 2201 Interest of corporation controlled by you

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