Xuchang Yuandong Drive Shaft Co (SZSE:002406) Inventory Turnover : 0.46 (As of Mar. 2024)

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What is Xuchang Yuandong Drive Shaft 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. Xuchang Yuandong Drive Shaft Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥232 Mil. Xuchang Yuandong Drive Shaft Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥508 Mil. Xuchang Yuandong Drive Shaft Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xuchang Yuandong Drive Shaft Co's Days Inventory for the three months ended in Mar. 2024 was 200.01.

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. Xuchang Yuandong Drive Shaft Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.61.

Xuchang Yuandong Drive Shaft Co Inventory Turnover Historical Data

The historical data trend for Xuchang Yuandong Drive Shaft 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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Xuchang Yuandong Drive Shaft Co Inventory Turnover Chart

Xuchang Yuandong Drive Shaft Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.67

5.10

3.90

1.85

2.10

Xuchang Yuandong Drive Shaft 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															0.47	0.51	0.46	0.59	0.46

Xuchang Yuandong Drive Shaft Co Inventory Turnover Calculation

Xuchang Yuandong Drive Shaft 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 )
=	1009.474	/ (	(472.821	+	486.976)	/	2 )
=	1009.474	/	479.8985
=	2.10

Xuchang Yuandong Drive Shaft 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 )
=	231.74	/ (	(486.976	+	528.916)	/	2 )
=	231.74	/	507.946
=	0.46

Xuchang Yuandong Drive Shaft Co (SZSE:002406) 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.

Xuchang Yuandong Drive Shaft 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
	=	507.946	/	231.74	*	365 / 4
	=	200.01

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.

Xuchang Yuandong Drive Shaft 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 )
	=	507.946	/	315.143
	=	1.61

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.

Xuchang Yuandong Drive Shaft Co Inventory Turnover Related Terms

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Xuchang Yuandong Drive Shaft Co (SZSE:002406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xuchang Yuandong Drive Shaft Co Ltd (SZSE:002406) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Shangji Town, Noth Suburb of Xuchang City, Xuchang City, CHN, 461111

Website

http://www.yodonchina.com

Xuchang Yuandong Drive Shaft Co Ltd engages in the manufacture of automobile drive shaft assemblies in China.

Executives

Li Dan Qing	Secretary Dong
Liu Yan Sheng	Director
Fu Dong An	Supervisors
Qi Huai De	Supervisors
Zhang Wei Min	Executives
Xu Kai Yang	Supervisors
Shi Cai Xia	Executives
Zhao Bao Jiang	Directors, executives
Ge Zi Yi	Supervisors
Ma Xi Ling	Director
Zhao Liu An	Supervisors
Meng Hui Tao	Executives
Chen Zong Shen	Supervisors
Wang Wei	Executives
Yang Guo Jun	Director

Xuchang Yuandong Drive Shaft Co (SZSE:002406) Headlines

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