China Eastern Airlines (SHSE:600115) Inventory Turnover : 18.92 (As of Mar. 2024)

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What is China Eastern Airlines 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 Eastern Airlines's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥31,682 Mil. China Eastern Airlines's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,675 Mil. China Eastern Airlines's Inventory Turnover for the quarter that ended in Mar. 2024 was 18.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Eastern Airlines's Days Inventory for the three months ended in Mar. 2024 was 4.82.

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 Eastern Airlines's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

China Eastern Airlines Inventory Turnover Historical Data

The historical data trend for China Eastern Airlines'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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China Eastern Airlines Inventory Turnover Chart

China Eastern Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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49.21

31.74

41.55

43.27

68.37

China Eastern Airlines 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															14.43	15.61	17.82	18.95	18.92

China Eastern Airlines Inventory Turnover Calculation

China Eastern Airlines'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 )
=	112461	/ (	(1656	+	1634)	/	2 )
=	112461	/	1645
=	68.37

China Eastern Airlines'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 )
=	31682	/ (	(1634	+	1715)	/	2 )
=	31682	/	1674.5
=	18.92

China Eastern Airlines (SHSE:600115) 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 Eastern Airlines'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
	=	1674.5	/	31682	*	365 / 4
	=	4.82

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 Eastern Airlines'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 )
	=	1674.5	/	33189
	=	0.05

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 Eastern Airlines Inventory Turnover Related Terms

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China Eastern Airlines (SHSE:600115) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (SHSE:600115) » Definitions » Inventory Turnover

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CHEAF:USA 00670:Hong Kong CIAH:Germany

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.

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