Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Inventory Turnover : 0.47 (As of Mar. 2024)

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What is Guangdong Create Century Intelligent Equipment Group 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 Create Century Intelligent Equipment Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥648 Mil. Guangdong Create Century Intelligent Equipment Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,379 Mil. Guangdong Create Century Intelligent Equipment Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Create Century Intelligent Equipment Group's Days Inventory for the three months ended in Mar. 2024 was 194.34.

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 Create Century Intelligent Equipment Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.61.

Guangdong Create Century Intelligent Equipment Group Inventory Turnover Historical Data

The historical data trend for Guangdong Create Century Intelligent Equipment Group'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 Create Century Intelligent Equipment Group Inventory Turnover Chart

Guangdong Create Century Intelligent Equipment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.81

1.97

1.96

1.69

1.85

Guangdong Create Century Intelligent Equipment Group 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															0.57	0.57	0.51	0.47	0.47

Guangdong Create Century Intelligent Equipment Group Inventory Turnover Calculation

Guangdong Create Century Intelligent Equipment Group'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 )
=	2708.509	/ (	(1637.132	+	1295.15)	/	2 )
=	2708.509	/	1466.141
=	1.85

Guangdong Create Century Intelligent Equipment Group'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 )
=	647.654	/ (	(1295.15	+	1463.48)	/	2 )
=	647.654	/	1379.315
=	0.47

Guangdong Create Century Intelligent Equipment Group (SZSE:300083) 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 Create Century Intelligent Equipment Group'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
	=	1379.315	/	647.654	*	365 / 4
	=	194.34

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 Create Century Intelligent Equipment Group'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 )
	=	1379.315	/	856.354
	=	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.

Guangdong Create Century Intelligent Equipment Group Inventory Turnover Related Terms

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Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Create Century Intelligent Equipment Group Corp Ltd (SZSE:300083) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Weifeng Road, Jinsheng Intelligent Manufacturing Industrial Park, Administrative Office Building, Dongcheng District, Guangdong Province, Dongguan, CHN, 523007

Website

http://www.januscn.com

Guangdong Create Century Intelligent Equipment Corp Ltd is engaged in research and development, production, sales and service of high-end intelligent equipment, with a complete range of CNC machine tools, including drilling and tapping machines, vertical machining centers, horizontal machining centers, gantry machining centers, CNC lathes, engraving and milling machines, and glass Series of precision processing equipment such as precision engraving machines, high-light machines, laser cutting machines. It is widely used in the processing of core components in the 5G industry chain, 3C consumer electronics, machinery manufacturing, medical equipment, new energy vehicles, auto parts, construction machinery and other fields.

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