CTS International Logistics (SHSE:603128) Inventory Turnover : 88.90 (As of Mar. 2024)

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What is CTS International Logistics 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. CTS International Logistics's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,360 Mil. CTS International Logistics's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥38 Mil. CTS International Logistics's Inventory Turnover for the quarter that ended in Mar. 2024 was 88.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CTS International Logistics's Days Inventory for the three months ended in Mar. 2024 was 1.03.

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. CTS International Logistics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

CTS International Logistics Inventory Turnover Historical Data

The historical data trend for CTS International Logistics'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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CTS International Logistics Inventory Turnover Chart

CTS International Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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126.04

334.23

1,053.77

1,009.12

817.19

CTS International Logistics 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															100.44	90.85	105.61	157.38	88.90

CTS International Logistics Inventory Turnover Calculation

CTS International Logistics'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 )
=	12652.479	/ (	(10.557	+	20.409)	/	2 )
=	12652.479	/	15.483
=	817.19

CTS International Logistics'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 )
=	3359.739	/ (	(20.409	+	55.178)	/	2 )
=	3359.739	/	37.7935
=	88.90

CTS International Logistics (SHSE:603128) 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.

CTS International Logistics'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
	=	37.7935	/	3359.739	*	365 / 4
	=	1.03

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.

CTS International Logistics'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 )
	=	37.7935	/	3882.871
	=	0.01

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.

CTS International Logistics Inventory Turnover Related Terms

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CTS International Logistics (SHSE:603128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTS International Logistics Corp Ltd (SHSE:603128) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

20th Floor, Tian An Center, No. 338 Nanjing Xi Road, Shanghai, CHN, 200003

Website

http://www.ctsfreight.com

CTS International Logistics Corp Ltd operates in the logistics industry. The company mainly focuses on cross-border comprehensive logistics and supply chain trade services. It provides air freight, ocean freight, multi transportation, project logistics, supply chain trading, warehousing and cross-border logistics services.

Executives

Chen Yu	Director
Jiang Bo	senior management
Yu Yong Qian	senior management
Liu Qing Wu	senior management
Cai Xian Zhong	senior management
Mao Ning	Director
Tang Guo Liang	Supervisors
Miao Yue Dong	senior management
Zhou Xu Qing	Director
Chen Wei Xing	senior management
Lin Shi Kuan	senior management
Guo Zhen Ming	Director
Dong Wei Zhong	Supervisors

CTS International Logistics (SHSE:603128) Headlines

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