Guangxi Liugong Machinery Co (SZSE:000528) Inventory Turnover : 0.73 (As of Mar. 2024)

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What is Guangxi Liugong Machinery 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. Guangxi Liugong Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,130 Mil. Guangxi Liugong Machinery Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥8,410 Mil. Guangxi Liugong Machinery Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangxi Liugong Machinery Co's Days Inventory for the three months ended in Mar. 2024 was 125.19.

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. Guangxi Liugong Machinery Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.06.

Guangxi Liugong Machinery Co Inventory Turnover Historical Data

The historical data trend for Guangxi Liugong Machinery 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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Guangxi Liugong Machinery Co Inventory Turnover Chart

Guangxi Liugong Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.73

3.02

2.78

2.58

2.65

Guangxi Liugong Machinery 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															0.76	0.67	0.59	0.62	0.73

Guangxi Liugong Machinery Co Inventory Turnover Calculation

Guangxi Liugong Machinery 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 )
=	21789.823	/ (	(7987.972	+	8482.382)	/	2 )
=	21789.823	/	8235.177
=	2.65

Guangxi Liugong Machinery 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 )
=	6129.873	/ (	(8482.382	+	8337.167)	/	2 )
=	6129.873	/	8409.7745
=	0.73

Guangxi Liugong Machinery Co (SZSE:000528) 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.

Guangxi Liugong Machinery 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
	=	8409.7745	/	6129.873	*	365 / 4
	=	125.19

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.

Guangxi Liugong Machinery 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 )
	=	8409.7745	/	7938.822
	=	1.06

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.

Guangxi Liugong Machinery Co Inventory Turnover Related Terms

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Guangxi Liugong Machinery Co (SZSE:000528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Guangxi Liugong Machinery Co Ltd (SZSE:000528) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1 Liutai Road, Liuzhou, Guangxi, CHN, 545007

Website

http://www.liugong.com

Guangxi Liugong Machinery Co Ltd is a construction equipment manufacturer that offers services to construction equipment owners. The products of the company include forklift, wheel loader, crawler excavator, wheel excavator, roller, motor grader, bulldozer, crane, concrete, mining truck, and skid steer loader.

Executives

Yu Chuan Fen	Executives
Wen Wu	Directors, executives
Yuan Shi Guo	Executives
Huang Hai Bo	Director
Huang Xiang Quan	Executives
Luo Guo Bing	Executives
Huang Tie Zhu	Executives
Ceng Guang An	Directors, executives
Huang Hua Lin	Secretary Dong
Zheng Yu Huang	Independent director
Cai Deng Sheng	Supervisors
Ding Yi Bin	Director
Tan Yong	Supervisors
Yu Ya Jun	Executives
Huang Min	Executives

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