Sichuan Road & Bridge Co (SHSE:600039) Inventory Turnover : 2.88 (As of Mar. 2024)

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What is Sichuan Road & Bridge 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. Sichuan Road & Bridge Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥18,614 Mil. Sichuan Road & Bridge Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥6,466 Mil. Sichuan Road & Bridge Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Road & Bridge Co's Days Inventory for the three months ended in Mar. 2024 was 31.70.

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. Sichuan Road & Bridge Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

Sichuan Road & Bridge Co Inventory Turnover Historical Data

The historical data trend for Sichuan Road & Bridge 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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Sichuan Road & Bridge Co Inventory Turnover Chart

Sichuan Road & Bridge Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.47

31.90

25.12

22.79

18.26

Sichuan Road & Bridge 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															4.67	4.91	2.88	3.25	2.88

Sichuan Road & Bridge Co Inventory Turnover Calculation

Sichuan Road & Bridge 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 )
=	94170.562	/ (	(4928.695	+	5386.18)	/	2 )
=	94170.562	/	5157.4375
=	18.26

Sichuan Road & Bridge 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 )
=	18613.859	/ (	(5386.18	+	7545.574)	/	2 )
=	18613.859	/	6465.877
=	2.88

Sichuan Road & Bridge Co (SHSE:600039) 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.

Sichuan Road & Bridge 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
	=	6465.877	/	18613.859	*	365 / 4
	=	31.70

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.

Sichuan Road & Bridge 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 )
	=	6465.877	/	22106.018
	=	0.29

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.

Sichuan Road & Bridge Co Inventory Turnover Related Terms

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Sichuan Road & Bridge Co (SHSE:600039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sichuan Road & Bridge Co Ltd (SHSE:600039) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 11 Gao Peng Avenue, No. F-59, Science & Technology Industrial Park, High-Tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.scrbc.com.cn

Sichuan Road & Bridge Co Ltd is a China-based company engaged in the investigation, design, construction, conservation, and management of highways.

Executives

Zhu Nian Hong	Director
Feng Qiang Lin	senior management
Zhang Hang Chuan	senior management
Hu Yuan Hua	Director
Li Ji Dong	senior management
Wang Chuan Fu	senior management
Zhang Jian Ming	senior management
Gan Hong	Director
Zhou Yong	senior management
Long Yong	senior management
Yang Ru Gang	Director
Wang Zhong Lin	senior management
Liu De Yong	senior management
Lu Wei	senior management
Guo Xiang Hui	Director

Sichuan Road & Bridge Co (SHSE:600039) Headlines

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