Shenzhen Expressway (SHSE:600548) Inventory Turnover : 0.98 (As of Mar. 2024)

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What is Shenzhen Expressway 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. Shenzhen Expressway's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,314 Mil. Shenzhen Expressway's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,346 Mil. Shenzhen Expressway's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Expressway's Days Inventory for the three months ended in Mar. 2024 was 93.48.

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. Shenzhen Expressway's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

Shenzhen Expressway Inventory Turnover Historical Data

The historical data trend for Shenzhen Expressway'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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Shenzhen Expressway Inventory Turnover Chart

Shenzhen Expressway Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.46

6.27

6.24

4.79

4.46

Shenzhen Expressway 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															0.85	0.97	0.96	1.59	0.98

Shenzhen Expressway Inventory Turnover Calculation

Shenzhen Expressway'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 )
=	5949.383	/ (	(1314.263	+	1355.564)	/	2 )
=	5949.383	/	1334.9135
=	4.46

Shenzhen Expressway'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 )
=	1314.001	/ (	(1355.564	+	1336.697)	/	2 )
=	1314.001	/	1346.1305
=	0.98

Shenzhen Expressway (SHSE:600548) 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.

Shenzhen Expressway'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
	=	1346.1305	/	1314.001	*	365 / 4
	=	93.48

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.

Shenzhen Expressway'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 )
	=	1346.1305	/	2037.984
	=	0.66

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.

Shenzhen Expressway Inventory Turnover Related Terms

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Shenzhen Expressway (SHSE:600548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Expressway Corp Ltd (SHSE:600548) » Definitions » Inventory Turnover

Traded in Other Exchanges

00548:Hong Kong SHZH:Germany

Address

Hanking Center Tower, Yuehai Street, No. 9968, Floor 46, Shennan Avenue, Nanshan District, Shenzhen, CHN, 518026

Website

https://www.sz-expressway.com

Shenzhen Expressway Corp Ltd, formerly Shenzhen Expressway Co Ltd constructs, operates, and maintains toll highways, roads, and urban infrastructure. The group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment engages in the operation and management of environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the Toll segment.

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