Qudian (Qudian) Inventory Turnover : 7.55 (As of Dec. 2023)

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What is Qudian 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. Qudian's Cost of Goods Sold for the three months ended in Dec. 2023 was $10.97 Mil. Qudian's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.45 Mil. Qudian's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qudian's Days Inventory for the three months ended in Dec. 2023 was 12.09.

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. Qudian's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

Qudian Inventory Turnover Historical Data

The historical data trend for Qudian'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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Qudian Inventory Turnover Chart

Qudian Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.94

17.21

5.71

5.75

2.46

Qudian Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.63	0.20	-	-	7.55

Qudian Inventory Turnover Calculation

Qudian'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 )
=	22.424	/ (	(16.741	+	1.454)	/	2 )
=	22.424	/	9.0975
=	2.46

Qudian's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	10.974	/ (	(0	+	1.454)	/	1 )
=	10.974	/	1.454
=	7.55

Qudian (NYSE:QD) 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.

Qudian's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.454	/	10.974	*	365 / 4
	=	12.09

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.

Qudian's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.454	/	8.934
	=	0.16

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.

Qudian Inventory Turnover Related Terms

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Qudian (Qudian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qudian Inc (NYSE:QD) » Definitions » Inventory Turnover

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0A2T:UK 1QU:Germany

Address

Tower A, AVIC Zijin Plaza, Siming District, Fujian Province, Xiamen, CHN, 361000

Website

https://www.qudian.com

Qudian Inc is a consumer-oriented technology company engaged in the operation of online platforms to provide small consumer credit products in the People's Republic of China. The Group's cash credit products comprised short-term, unsecured lines of credit that could be drawn down at any time, subject to the Group's approval at the time of each drawdown request. Borrowers were typically charged financing service fees for cash credit drawdowns. It derives a majority of its revenue from the People's Republic of China.