China Merchants Expressway Network & Technology Holdings Co (SZSE:001965) Inventory Turnover : 4.70 (As of Mar. 2024)

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What is China Merchants Expressway Network & Technology Holdings 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. China Merchants Expressway Network & Technology Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,944 Mil. China Merchants Expressway Network & Technology Holdings Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥413 Mil. China Merchants Expressway Network & Technology Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Merchants Expressway Network & Technology Holdings Co's Days Inventory for the three months ended in Mar. 2024 was 19.41.

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 Merchants Expressway Network & Technology Holdings Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

China Merchants Expressway Network & Technology Holdings Co Inventory Turnover Historical Data

The historical data trend for China Merchants Expressway Network & Technology Holdings 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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China Merchants Expressway Network & Technology Holdings Co Inventory Turnover Chart

China Merchants Expressway Network & Technology Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.57

15.76

20.37

20.42

18.09

China Merchants Expressway Network & Technology Holdings 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															3.39	3.31	2.82	4.92	4.70

China Merchants Expressway Network & Technology Holdings Co Inventory Turnover Calculation

China Merchants Expressway Network & Technology Holdings 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 )
=	6134.765	/ (	(310.835	+	367.487)	/	2 )
=	6134.765	/	339.161
=	18.09

China Merchants Expressway Network & Technology Holdings 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 )
=	1943.999	/ (	(367.487	+	459.402)	/	2 )
=	1943.999	/	413.4445
=	4.70

China Merchants Expressway Network & Technology Holdings Co (SZSE:001965) 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 Merchants Expressway Network & Technology Holdings 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
	=	413.4445	/	1943.999	*	365 / 4
	=	19.41

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 Merchants Expressway Network & Technology Holdings 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 )
	=	413.4445	/	3021.523
	=	0.14

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 Merchants Expressway Network & Technology Holdings Co Inventory Turnover Related Terms

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China Merchants Expressway Network & Technology Holdings Co (SZSE:001965) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Merchants Expressway Network & Technology Holdings Co Ltd (SZSE:001965) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.118 Jian Guo Road, 31F China Merchants Tower, Chaoyang District, Beijing, CHN, 100022

Website

http://www.cmexpressway.com

China Merchants Expressway Network & Technology Holdings Co Ltd is a China-based service provider for expressway investment and operation. Its business activities include investment and operation of expressway transportation infrastructure, transportation science and technology, intelligent transportation and other industries related to the expressway. Its investment projects include Yongtaiwen Expressway, Beilun Port Expressway, Jiurui Expressway, Huaizhi Expressway, Gaojie Expressway, Zhengxin Huanghe Bridge, among others.

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