Beijing Leadman Biochemistry Co (SZSE:300289) Inventory Turnover : 0.51 (As of Mar. 2024)

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What is Beijing Leadman Biochemistry 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. Beijing Leadman Biochemistry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥44.2 Mil. Beijing Leadman Biochemistry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥86.7 Mil. Beijing Leadman Biochemistry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Leadman Biochemistry Co's Days Inventory for the three months ended in Mar. 2024 was 179.04.

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. Beijing Leadman Biochemistry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.92.

Beijing Leadman Biochemistry Co Inventory Turnover Historical Data

The historical data trend for Beijing Leadman Biochemistry 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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Beijing Leadman Biochemistry Co Inventory Turnover Chart

Beijing Leadman Biochemistry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.64

2.74

2.96

4.06

2.12

Beijing Leadman Biochemistry 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															0.49	0.56	0.52	0.53	0.51

Beijing Leadman Biochemistry Co Inventory Turnover Calculation

Beijing Leadman Biochemistry 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 )
=	196.62	/ (	(97.439	+	88.277)	/	2 )
=	196.62	/	92.858
=	2.12

Beijing Leadman Biochemistry 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 )
=	44.176	/ (	(88.277	+	85.077)	/	2 )
=	44.176	/	86.677
=	0.51

Beijing Leadman Biochemistry Co (SZSE:300289) 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.

Beijing Leadman Biochemistry 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
	=	86.677	/	44.176	*	365 / 4
	=	179.04

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.

Beijing Leadman Biochemistry 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 )
	=	86.677	/	94.624
	=	0.92

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.

Beijing Leadman Biochemistry Co Inventory Turnover Related Terms

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Beijing Leadman Biochemistry Co (SZSE:300289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Beijing Leadman Biochemistry Co Ltd (SZSE:300289) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5 Hongda South Road, Beijing, CHN

Website

http://www.leadmanbio.com

Beijing Leadman Biochemistry Co Ltd is a biotechnology company based in China. The company is focusing on research and development, manufacture, and sales of in vitro diagnostic (IVD) products. The company has core competencies in biochemistry, in vitro diagnostic reagents and instruments. Its product offering includes biochemical raw materials such as enzymes, coenzymes, antibodies, buffers, and enzyme substrates; biochemistry diagnostic and companion reagents; and medical test instruments.

Executives

Ding Yao Liang	Executives
Wang Xiao Hong	Supervisors
Zhang Hai Tao	Executives
Zhang Ya Li	Supervisors
Sun Qian	Director
Wang Jian Hua	Directors, executives
Wang Yi Xing	Directors, executives
Yang Lu Ping	Securities Affairs Representative
Niu Ju Hui	Secretary Dong
Zhang Kun	Director
Shen Guang Qian	Directors, executives
Ma Yan Wen	Director
Wang Lan Zhen	Directors, executives

Beijing Leadman Biochemistry Co (SZSE:300289) Headlines

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