Shanghai Construction Group Co (SHSE:600170) Inventory Turnover : 1.15 (As of Mar. 2024)

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What is Shanghai Construction 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. Shanghai Construction Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥70,125 Mil. Shanghai Construction Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥61,069 Mil. Shanghai Construction Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Construction Group Co's Days Inventory for the three months ended in Mar. 2024 was 79.47.

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. Shanghai Construction Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.82.

Shanghai Construction Group Co Inventory Turnover Historical Data

The historical data trend for Shanghai Construction 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.

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Shanghai Construction Group Co Inventory Turnover Chart

Shanghai Construction Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.10

3.65

3.61

3.87

4.44

Shanghai Construction Group 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															0.96	1.10	1.12	1.17	1.15

Shanghai Construction Group Co Inventory Turnover Calculation

Shanghai Construction 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 )
=	277610.735	/ (	(64849.153	+	60296.781)	/	2 )
=	277610.735	/	62572.967
=	4.44

Shanghai Construction Group 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 )
=	70125.492	/ (	(60296.781	+	61841.653)	/	2 )
=	70125.492	/	61069.217
=	1.15

Shanghai Construction Group Co (SHSE:600170) 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.

Shanghai Construction Group 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
	=	61069.217	/	70125.492	*	365 / 4
	=	79.47

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.

Shanghai Construction Group 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 )
	=	61069.217	/	74737.002
	=	0.82

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.

Shanghai Construction Group Co Inventory Turnover Related Terms

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Shanghai Construction Group Co (SHSE:600170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Construction Group Co Ltd (SHSE:600170) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.666, Daming Road (E), Shanghai, CHN, 200080

Website

http://www.scg.com.cn

Shanghai Construction Group Co Ltd is a China-based company engaged in the construction, design and project consultation. The company possesses core technologies in the construction of highrise buildings, large bridges, light railways, public culture and sports facilities, large industrial plants, major environment protection projects and others.

Executives

Zhou Jun	senior management
Yin Ke Ding	senior management
Lu Feng	senior management
Wang Zhi Gang	senior management
Chen Xiao Ming	senior management
Xue Yong Shen	senior management
Ye Wei Dong	Directors, senior managers
Cai Guo Qiang	senior management
Xu Jian Dong	senior management
Bian Jia Jun	Director
Gong Jian	senior management
Fang Qing Qiang	Directors, senior managers
Lin Jin Sheng	senior management
Tang Wei	senior management
Zhu Zhong Ming	senior management

Shanghai Construction Group Co (SHSE:600170) Headlines

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