Goldwind Science & Technology Co (STU:CXGH) Inventory Turnover : 0.31 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Goldwind Science & 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. Goldwind Science & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €659 Mil. Goldwind Science & Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was €2,095 Mil. Goldwind Science & Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goldwind Science & Technology Co's Days Inventory for the three months ended in Mar. 2024 was 290.23.

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. Goldwind Science & Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.35.

Goldwind Science & Technology Co Inventory Turnover Historical Data

The historical data trend for Goldwind Science & 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.

* Premium members only.

Goldwind Science & Technology Co Inventory Turnover Chart

Goldwind Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.73

6.61

7.85

5.17

3.26

Goldwind Science & 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															0.39	0.86	0.52	1.08	0.31

Goldwind Science & Technology Co Inventory Turnover Calculation

Goldwind Science & 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 )
=	5369.234	/ (	(1333.418	+	1959.454)	/	2 )
=	5369.234	/	1646.436
=	3.26

Goldwind Science & 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 )
=	658.728	/ (	(1959.454	+	2230.862)	/	2 )
=	658.728	/	2095.158
=	0.31

Goldwind Science & Technology Co (STU:CXGH) 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.

Goldwind Science & 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
	=	2095.158	/	658.728	*	365 / 4
	=	290.23

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.

Goldwind Science & 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 )
	=	2095.158	/	891.592
	=	2.35

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.

Goldwind Science & Technology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Goldwind Science & Technology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Goldwind Science & Technology Co (STU:CXGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goldwind Science & Technology Co Ltd (STU:CXGH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

XJNGF:USA 02208:Hong Kong CXGH:Germany 002202:China

Address

No. 8 Boxing 1st Road, Economic and Technological Development District, Beijing, CHN, 100176

Website

https://www.goldwind.com

Goldwind Science & Technology Co Ltd manufactures, and markets wind turbines & other solutions. It has four segments. The wind turbine generator manufacturing & sale segment engages in research & development, manufacture & sale of wind turbine generators &bspare parts; the wind power services segment provides wind power construction, post-warranty service & asset management services; the wind farm development segment engages in the development of wind farms, which includes wind power generation service provided by the Group's wind farms & its sales; & the others segment mainly engages in the operation of water treatment plants under the service concession arrangements. The majority is from Wind turbine generator manufacturing & sale. Geographically, the key revenue is from China.

Goldwind Science & Technology Co (STU:CXGH) Headlines

No Headlines