Changhong Meiling Co (SZSE:000521) Inventory Turnover : 1.90 (As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Changhong Meiling 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. Changhong Meiling Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,145 Mil. Changhong Meiling Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,713 Mil. Changhong Meiling Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changhong Meiling Co's Days Inventory for the three months ended in Mar. 2024 was 48.11.

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. Changhong Meiling Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Changhong Meiling Co Inventory Turnover Historical Data

The historical data trend for Changhong Meiling 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.

Changhong Meiling Co Inventory Turnover Chart

Changhong Meiling Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

7.40

8.09

10.33

11.38

11.18

Changhong Meiling 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															2.06	2.90	2.64	2.24	1.90

Changhong Meiling Co Inventory Turnover Calculation

Changhong Meiling 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 )
=	20866.556	/ (	(1710.307	+	2022.738)	/	2 )
=	20866.556	/	1866.5225
=	11.18

Changhong Meiling 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 )
=	5144.643	/ (	(2022.738	+	3402.387)	/	2 )
=	5144.643	/	2712.5625
=	1.90

Changhong Meiling Co (SZSE:000521) 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.

Changhong Meiling 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
	=	2712.5625	/	5144.643	*	365 / 4
	=	48.11

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.

Changhong Meiling 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 )
	=	2712.5625	/	5940.062
	=	0.46

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.

Changhong Meiling Co Inventory Turnover Related Terms

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

Changhong Meiling Co (SZSE:000521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Changhong Meiling Co Ltd (SZSE:000521) » Definitions » Inventory Turnover

Traded in Other Exchanges

200521:China

Address

No. 2163, Lianhua Road, Economic and technology Development Zone, Hefei, Anhui, CHN, 230601

Website

http://www.meiling.com

Changhong Meiling Co Ltd functions in the consumer electronic industry of China. Its product portfolio comprises of refrigerators, air conditioners, washing machines and other household appliances. Hefei Meiling conducts its operations through five segments; Air-conditioning, Refrigerator & freezer & washing machine, Marketing, Small home appliance and Others. The company's washing machine varieties include fully automatic, roller and double barrel and the air conditioning products range include Guiji and Goodbye.

Changhong Meiling Co (SZSE:000521) Headlines

No Headlines