Easyhome New Retail Group Co (SZSE:000785) Inventory Turnover : 4.02 (As of Mar. 2024)

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What is Easyhome New Retail Group 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. Easyhome New Retail Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,985 Mil. Easyhome New Retail Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥493 Mil. Easyhome New Retail Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Easyhome New Retail Group Co's Days Inventory for the three months ended in Mar. 2024 was 22.67.

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. Easyhome New Retail Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.16.

Easyhome New Retail Group Co Inventory Turnover Historical Data

The historical data trend for Easyhome New Retail Group 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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Easyhome New Retail Group Co Inventory Turnover Chart

Easyhome New Retail Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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41.91

27.88

24.17

14.83

17.39

Easyhome New Retail Group 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															3.94	4.51	4.96	5.85	4.02

Easyhome New Retail Group Co Inventory Turnover Calculation

Easyhome New Retail Group 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 )
=	8903.147	/ (	(586.019	+	437.721)	/	2 )
=	8903.147	/	511.87
=	17.39

Easyhome New Retail Group 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 )
=	1984.601	/ (	(437.721	+	548.578)	/	2 )
=	1984.601	/	493.1495
=	4.02

Easyhome New Retail Group Co (SZSE:000785) 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.

Easyhome New Retail Group 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
	=	493.1495	/	1984.601	*	365 / 4
	=	22.67

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.

Easyhome New Retail Group 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 )
	=	493.1495	/	3136.687
	=	0.16

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.

Easyhome New Retail Group Co Inventory Turnover Related Terms

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Easyhome New Retail Group Co (SZSE:000785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Easyhome New Retail Group Co Ltd (SZSE:000785) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 9 Zhongnan Road, Wuchang District, Hubei Province, Wuhan, CHN, 430071

Website

http://www.zhongshang.com.cn

Easyhome New Retail Group Co Ltd, formerly Wuhan Zhongnan Commercial Group Co Ltd is a China-based commercial and retailing company. It is mainly engaged in commercial property development, shopping mall decoration, and e-commerce business. The company owns department stores, shopping mall, cheap supermarkets, hypermarkets and retail store with China Merchants Plaza Shopping Center, China Merchants Xudong Cheap Price Plaza and Wuhan Pinpin. The firm is also engaged in shop leasing and project development business.

Executives

Zhang Jian	Director
Du Xue Gang	Executives
Hao Jian	Director
Chen Liang	Directors, executives
Wang Ning	Directors, executives
Li Xuan Xuan	Executives
Zhu Chan Fei	Executives
Gao Ya Qi	Secretary Dong
Chen Chen	Executives
Wang Peng	Executives
Wang Lin Peng	Directors, executives
Li Tao	Director
Ren Qu	Supervisors
Xiao Shu Gang	Supervisors
Niu Bo Xia	Supervisors

Easyhome New Retail Group Co (SZSE:000785) Headlines

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