Geovis Technology Co (SHSE:688568) Inventory Turnover : 0.54 (As of Mar. 2024)

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What is Geovis Technology 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. Geovis Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥217 Mil. Geovis Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥403 Mil. Geovis Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Geovis Technology Co's Days Inventory for the three months ended in Mar. 2024 was 169.03.

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. Geovis Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.96.

Geovis Technology Co Inventory Turnover Historical Data

The historical data trend for Geovis Technology 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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Geovis Technology Co Inventory Turnover Chart

Geovis Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.71

3.94

2.90

3.33

Geovis Technology 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															0.30	0.45	0.74	1.31	0.54

Geovis Technology Co Inventory Turnover Calculation

Geovis Technology 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 )
=	1299.725	/ (	(388.827	+	390.957)	/	2 )
=	1299.725	/	389.892
=	3.33

Geovis Technology 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 )
=	217.431	/ (	(390.957	+	414.557)	/	2 )
=	217.431	/	402.757
=	0.54

Geovis Technology Co (SHSE:688568) 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.

Geovis Technology 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
	=	402.757	/	217.431	*	365 / 4
	=	169.03

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.

Geovis Technology 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 )
	=	402.757	/	418.602
	=	0.96

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.

Geovis Technology Co Inventory Turnover Related Terms

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Geovis Technology Co (SHSE:688568) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Geovis Technology Co Ltd (SHSE:688568) » Definitions » Inventory Turnover

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Address

No. 2 Airport East Road, Linkong Economic Core District, No. 1, 5 and 7 of No. 1A-4 Industrial Park, Shunyi District, Beijing, CHN, 101399

Website

http://www.geovis.com.cn

Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.

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