Chongqing Port Co (SHSE:600279) Inventory Turnover : 4.15 (As of Mar. 2024)

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What is Chongqing Port 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. Chongqing Port Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,263 Mil. Chongqing Port Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥305 Mil. Chongqing Port Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chongqing Port Co's Days Inventory for the three months ended in Mar. 2024 was 22.01.

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. Chongqing Port Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

Chongqing Port Co Inventory Turnover Historical Data

The historical data trend for Chongqing Port 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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Chongqing Port Co Inventory Turnover Chart

Chongqing Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.59

7.38

9.22

9.23

10.82

Chongqing Port 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															2.79	1.95	1.55	1.37	4.15

Chongqing Port Co Inventory Turnover Calculation

Chongqing Port 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 )
=	4436.24	/ (	(501.162	+	318.975)	/	2 )
=	4436.24	/	410.0685
=	10.82

Chongqing Port 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 )
=	1263.273	/ (	(318.975	+	290.513)	/	2 )
=	1263.273	/	304.744
=	4.15

Chongqing Port Co (SHSE:600279) 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.

Chongqing Port 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
	=	304.744	/	1263.273	*	365 / 4
	=	22.01

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.

Chongqing Port 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 )
	=	304.744	/	1379.136
	=	0.22

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.

Chongqing Port Co Inventory Turnover Related Terms

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Chongqing Port Co (SHSE:600279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chongqing Port Co Ltd (SHSE:600279) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1, Fugang Avenue, Yuzui Town, Jiangbei District, Chongqing, CHN, 400025

Website

http://www.cqgj.com.cn

Chongqing Port Co Ltd formerly Chongqing Gangjiu Co Ltd provides cargo handling services primarily in China. The business activities of the group include logistics consulting, logistics planning, ship generation, freight forwarding, port loading and unloading, land and water transfer, inland river passenger and cargo transportation, container transit transportation, warehousing, distribution and other integrated logistics transportation services.

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