Metallurgical of China (SHSE:601618) Inventory Turnover : 1.70 (As of Mar. 2024)

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What is Metallurgical of China 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. Metallurgical of China's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥137,675 Mil. Metallurgical of China's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥81,008 Mil. Metallurgical of China's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Metallurgical of China's Days Inventory for the three months ended in Mar. 2024 was 53.69.

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. Metallurgical of China's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.54.

Metallurgical of China Inventory Turnover Historical Data

The historical data trend for Metallurgical of China'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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Metallurgical of China Inventory Turnover Chart

Metallurgical of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.06

5.85

7.31

7.55

7.15

Metallurgical of China 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															1.57	2.01	1.40	1.78	1.70

Metallurgical of China Inventory Turnover Calculation

Metallurgical of China'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 )
=	572456.849	/ (	(79948.631	+	80075.514)	/	2 )
=	572456.849	/	80012.0725
=	7.15

Metallurgical of China'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 )
=	137674.661	/ (	(80075.514	+	81940.958)	/	2 )
=	137674.661	/	81008.236
=	1.70

Metallurgical of China (SHSE:601618) 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.

Metallurgical of China'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
	=	81008.236	/	137674.661	*	365 / 4
	=	53.69

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.

Metallurgical of China'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 )
	=	81008.236	/	149949.264
	=	0.54

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.

Metallurgical of China Inventory Turnover Related Terms

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Metallurgical of China (SHSE:601618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Metallurgical Corp of China Ltd (SHSE:601618) » Definitions » Inventory Turnover

Traded in Other Exchanges

MLLUY:USA 01618:Hong Kong 6MT:Germany

Address

No. 28, Shuguang Xili, MCC Tower, Chaoyang DIstrict, Beijing, CHN, 100028

Website

http://www.mccchina.com

Metallurgical Corp of China Ltd is a metallurgical engineering and construction group operating primarily in China. The segments through which business is conducted are Engineering contracting business, the Property development business, Equipment Manufacturing business, the Resource development business, and Other businesses. It generates most revenues from the Engineering contracting business segment. Geographically, it derives most of its revenue from China.

Executives

Jing Tian Liang	Director
Wang Xiu Feng	senior management
Peng Hai Qing	Supervisors
Huang Dan	senior management
Shao Bo	Supervisors
Li Shi Yu	senior management
Kang Cheng Ye	senior management
Wang Yong Guang	senior management
Chen Yong Kuan	Director
Zhang Zhao Xiang	senior management
Shen He Ting	Director
Guo Wen Qing	Director
Han Zhang Lin	Supervisors
Wang Wei Min	Director

Metallurgical of China (SHSE:601618) Headlines

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