Ningbo PIA Automation Holding (SHSE:688306) Inventory Turnover : 0.21 (As of Mar. 2024)

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What is Ningbo PIA Automation Holding 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. Ningbo PIA Automation Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥415 Mil. Ningbo PIA Automation Holding's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,953 Mil. Ningbo PIA Automation Holding's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningbo PIA Automation Holding's Days Inventory for the three months ended in Mar. 2024 was 429.65.

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. Ningbo PIA Automation Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.08.

Ningbo PIA Automation Holding Inventory Turnover Historical Data

The historical data trend for Ningbo PIA Automation Holding'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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Ningbo PIA Automation Holding Inventory Turnover Chart

Ningbo PIA Automation Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.05

0.82

1.09

0.93

0.91

Ningbo PIA Automation Holding Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial														0.09	0.28	0.21	0.28	0.21

Ningbo PIA Automation Holding Inventory Turnover Calculation

Ningbo PIA Automation Holding'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 )
=	1734.435	/ (	(1892.109	+	1930.639)	/	2 )
=	1734.435	/	1911.374
=	0.91

Ningbo PIA Automation Holding'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 )
=	414.696	/ (	(1930.639	+	1974.561)	/	2 )
=	414.696	/	1952.6
=	0.21

Ningbo PIA Automation Holding (SHSE:688306) 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.

Ningbo PIA Automation Holding'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
	=	1952.6	/	414.696	*	365 / 4
	=	429.65

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.

Ningbo PIA Automation Holding'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 )
	=	1952.6	/	478.728
	=	4.08

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.

Ningbo PIA Automation Holding Inventory Turnover Related Terms

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Ningbo PIA Automation Holding (SHSE:688306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo PIA Automation Holding Corp (SHSE:688306) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 99, Qingyi Road, Building 4, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.piagroup.com.cn

Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.

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