Shanghai Environment Group (SHSE:601200) Inventory Turnover : 4.14 (As of Mar. 2024)

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What is Shanghai Environment Group 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 Environment Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥928 Mil. Shanghai Environment Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥224 Mil. Shanghai Environment Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Environment Group's Days Inventory for the three months ended in Mar. 2024 was 22.06.

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 Environment Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.17.

Shanghai Environment Group Inventory Turnover Historical Data

The historical data trend for Shanghai Environment Group'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 Environment Group Inventory Turnover Chart

Shanghai Environment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.52

7.86

12.68

20.61

18.75

Shanghai Environment Group 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															3.54	3.60	3.42	6.24	4.14

Shanghai Environment Group Inventory Turnover Calculation

Shanghai Environment Group'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 )
=	4680.612	/ (	(275.655	+	223.49)	/	2 )
=	4680.612	/	249.5725
=	18.75

Shanghai Environment Group'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 )
=	928.216	/ (	(223.49	+	225.304)	/	2 )
=	928.216	/	224.397
=	4.14

Shanghai Environment Group (SHSE:601200) 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 Environment Group'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
	=	224.397	/	928.216	*	365 / 4
	=	22.06

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 Environment Group'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 )
	=	224.397	/	1315.249
	=	0.17

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 Environment Group Inventory Turnover Related Terms

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Shanghai Environment Group (SHSE:601200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Shanghai Environment Group Ltd (SHSE:601200) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1881 Hongqiao Road, Shanghai, CHN, 200336

Website

http://www.smi-envir.com

Shanghai Environment Group Ltd is a solid waste integrated service provider. It deals with the disposal and disposal of municipal solid waste, municipal sewage, hazardous waste, municipal sludge, kitchen waste and contaminated soil. Further, the group is engaged in providing high-efficiency, high-tech, high-standard one-stop services and package solutions such as including consulting, investment, construction, and operations to governments and customers. Geographically the business activities are carried out through China.

Executives

Wang Li Jin

Supervisors

Shanghai Environment Group (SHSE:601200) Headlines

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