Bomesc Offshore Engineering Co (SHSE:603727) Inventory Turnover : 2.32 (As of Mar. 2024)

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What is Bomesc Offshore Engineering 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. Bomesc Offshore Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥412 Mil. Bomesc Offshore Engineering Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥177 Mil. Bomesc Offshore Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bomesc Offshore Engineering Co's Days Inventory for the three months ended in Mar. 2024 was 39.32.

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. Bomesc Offshore Engineering Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.

Bomesc Offshore Engineering Co Inventory Turnover Historical Data

The historical data trend for Bomesc Offshore Engineering 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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Bomesc Offshore Engineering Co Inventory Turnover Chart

Bomesc Offshore Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.51

10.85

11.36

8.08

6.94

Bomesc Offshore Engineering 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															1.11	1.90	1.74	2.18	2.32

Bomesc Offshore Engineering Co Inventory Turnover Calculation

Bomesc Offshore Engineering 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 )
=	1646.675	/ (	(305.051	+	169.663)	/	2 )
=	1646.675	/	237.357
=	6.94

Bomesc Offshore Engineering 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 )
=	411.635	/ (	(169.663	+	185.091)	/	2 )
=	411.635	/	177.377
=	2.32

Bomesc Offshore Engineering Co (SHSE:603727) 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.

Bomesc Offshore Engineering 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
	=	177.377	/	411.635	*	365 / 4
	=	39.32

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.

Bomesc Offshore Engineering 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 )
	=	177.377	/	496.777
	=	0.36

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.

Bomesc Offshore Engineering Co Inventory Turnover Related Terms

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Bomesc Offshore Engineering Co (SHSE:603727) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bomesc Offshore Engineering Co Ltd (SHSE:603727) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14, Fourth Avenue, Tianjin Economic and Technological Development Zone, Tianjin, CHN, 300457

Website

http://www.bomesc.com

Bomesc Offshore Engineering Co Ltd is an engineering, procurement and construction company. The company targets domestic and international markets and focuses on high-end customers in marine oil and gas development, mining, and natural gas liquefaction industries. Its main products are divided into marine oil and gas development modules and mining models. In addition, the company provides energy resources facilities for at home and abroad in the fields of offshore oil and gas development, mining and natural gas liquefaction.

Executives

Shi Lei

Director

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