Guangdong Delian Group Co (SZSE:002666) Inventory Turnover : 0.77 (As of Mar. 2024)

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What is Guangdong Delian 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. Guangdong Delian Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥834 Mil. Guangdong Delian Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,085 Mil. Guangdong Delian Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Delian Group Co's Days Inventory for the three months ended in Mar. 2024 was 118.70.

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. Guangdong Delian Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.11.

Guangdong Delian Group Co Inventory Turnover Historical Data

The historical data trend for Guangdong Delian 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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Guangdong Delian Group Co Inventory Turnover Chart

Guangdong Delian Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.64

5.87

6.39

4.77

5.17

Guangdong Delian 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															0.80	1.17	1.21	1.42	0.77

Guangdong Delian Group Co Inventory Turnover Calculation

Guangdong Delian 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 )
=	5132.164	/ (	(1028.141	+	955.343)	/	2 )
=	5132.164	/	991.742
=	5.17

Guangdong Delian 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 )
=	834.074	/ (	(955.343	+	1214.64)	/	2 )
=	834.074	/	1084.9915
=	0.77

Guangdong Delian Group Co (SZSE:002666) 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.

Guangdong Delian 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
	=	1084.9915	/	834.074	*	365 / 4
	=	118.70

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.

Guangdong Delian 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 )
	=	1084.9915	/	978.861
	=	1.11

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.

Guangdong Delian Group Co Inventory Turnover Related Terms

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Guangdong Delian Group Co (SZSE:002666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Delian Group Co Ltd (SZSE:002666) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 12-16,16/F, Huajian Building, Tianfu Road, Tianhe District, Guangzhou, CHN, 528248

Website

http://www.delian.cn

Guangdong Delian Group Co Ltd operates in the automotive chemical industry. Its main business covers automotive fine chemicals manufacturing, automobile sales services, and vehicle maintenance and repair. The main products are motor oil, gearbox oil, power steering oil, coolant, brake fluid and other car care products.

Executives

Cao Hua	Executives
Xu Lu	Executives
Xu Tuan Hua	Directors, executives
Guo Rong Na	Director
Meng Chen Ying	Supervisors
Yang Yue	Director
Liu Gong Zhi	Directors, executives
Tao Zhang	Securities Affairs Representative
Xu Qing Fang	Directors, executives
Zhou Jing	Supervisors
Hong Zhi Jun	Executives
Xu Xian Da	Director
Deng Guo Jin	Secretary, Director

Guangdong Delian Group Co (SZSE:002666) Headlines

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