China National Complete Plant Import & Export (SZSE:000151) Inventory Turnover : 3.27 (As of Mar. 2024)

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What is China National Complete Plant Import & Export 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. China National Complete Plant Import & Export's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥444 Mil. China National Complete Plant Import & Export's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥136 Mil. China National Complete Plant Import & Export's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China National Complete Plant Import & Export's Days Inventory for the three months ended in Mar. 2024 was 27.92.

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. China National Complete Plant Import & Export's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

China National Complete Plant Import & Export Inventory Turnover Historical Data

The historical data trend for China National Complete Plant Import & Export'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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China National Complete Plant Import & Export Inventory Turnover Chart

China National Complete Plant Import & Export Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.79

5.15

5.22

16.10

24.28

China National Complete Plant Import & Export 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															8.88	2.51	5.05	7.90	3.27

China National Complete Plant Import & Export Inventory Turnover Calculation

China National Complete Plant Import & Export'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 )
=	3254.124	/ (	(140.316	+	127.775)	/	2 )
=	3254.124	/	134.0455
=	24.28

China National Complete Plant Import & Export'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 )
=	444.278	/ (	(127.775	+	144.054)	/	2 )
=	444.278	/	135.9145
=	3.27

China National Complete Plant Import & Export (SZSE:000151) 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.

China National Complete Plant Import & Export'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
	=	135.9145	/	444.278	*	365 / 4
	=	27.92

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.

China National Complete Plant Import & Export'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 )
	=	135.9145	/	472.909
	=	0.29

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.

China National Complete Plant Import & Export Inventory Turnover Related Terms

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China National Complete Plant Import & Export (SZSE:000151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » China National Complete Plant Import & Export Corp Ltd (SZSE:000151) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188 S. 4th Ring West Road, District 2, Building 8, Fengtai, Beijing, Beijing, CHN, 100070

Website

http://www.complant-ltd.com.cn

China National Complete Plant Import & Export Corp Ltd is engaged in the export of equipment and engineering contracting, general trade, and overseas industrial operations. The main business countries of the company include Bangladesh, Ethiopia, Barbados, and Jamaica. In general trade, the company exports textiles, electronic machinery, solar energy systems, and agricultural machinery. Overseas industrial operations include leasing operations.

Executives

Chen Song Sheng

Independent director

China National Complete Plant Import & Export (SZSE:000151) Headlines

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