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Jan-Aug: Cost per 100 yuan revenue for industrial firms falls to 85.07 yuan, profit up 4.2% in August
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According to data released by China's National Bureau of Statistics on September 28, as reported by Jin10, the cost per 100 yuan of operating revenue for industrial enterprises above a designated size was 85.07 yuan in the January-August period, a year-on-year decrease of 0.41 yuan. Expenses per 100 yuan of revenue stood at 8.35 yuan, down 0.14 yuan year-on-year. As of the end of August, revenue per 100 yuan of assets was 72.4 yuan, an increase of 0.4 yuan year-on-year; per capita revenue reached 1.922 million yuan, up 125,000 yuan year-on-year. The inventory turnover period for finished goods was 21.3 days, an increase of 0.6 days year-on-year, while the average collection period for accounts receivable was 72.2 days, up 0.9 days year-on-year. In August alone, profits of industrial enterprises above the designated size grew by 4.2% year-on-year.
Source report
September 28 (Jin Shi Data) — According to data released by the National Bureau of Statistics, key financial indicators for China's industrial enterprises above the designated size for the first eight months of 2024 are as follows:
Cost and Expense Ratios
- Cost per 100 yuan of revenue: 85.07 yuan, down 0.41 yuan year-on-year
- Expenses per 100 yuan of revenue: 8.35 yuan, down 0.14 yuan year-on-year
Asset and Labor Efficiency
- Revenue per 100 yuan of assets (as of end-August): 72.4 yuan, up 0.4 yuan year-on-year
- Per capita revenue: 192.2 million yuan, up 12.5 million yuan year-on-year
Inventory and Receivables Turnover
- Finished goods inventory turnover days: 21.3 days, up 0.6 days year-on-year
- Average accounts receivable recovery period: 72.2 days, up 0.9 days year-on-year
Profit Growth
- August 2024: Profits of industrial enterprises above the designated size increased by 4.2% year-on-year.
Source
金十数据Eastern
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