East Group Co (SZSE:300376) Inventory Turnover : 0.26 (As of Mar. 2024)

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What is East 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. East Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥459 Mil. East Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,752 Mil. East Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. East Group Co's Days Inventory for the three months ended in Mar. 2024 was 347.93.

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. East Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.62.

East Group Co Inventory Turnover Historical Data

The historical data trend for East 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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East Group Co Inventory Turnover Chart

East Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.72

5.19

4.24

3.40

2.35

East 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															1.04	0.95	0.63	0.48	0.26

East Group Co Inventory Turnover Calculation

East 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 )
=	3374.937	/ (	(1290.978	+	1583.726)	/	2 )
=	3374.937	/	1437.352
=	2.35

East 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 )
=	459.406	/ (	(1583.726	+	1919.595)	/	2 )
=	459.406	/	1751.6605
=	0.26

East Group Co (SZSE:300376) 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.

East 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
	=	1751.6605	/	459.406	*	365 / 4
	=	347.93

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.

East 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 )
	=	1751.6605	/	668.888
	=	2.62

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.

East Group Co Inventory Turnover Related Terms

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East Group Co (SZSE:300376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » East Group Co Ltd (SZSE:300376) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 6 Northern Industry Road, Songshan lake, Science and Technology Industrial Park, Dongguan, CHN, 523808

Website

http://www.eastups.com

East Group Co Ltd operates as a power supply manufacturer in China. It focuses on providing green, energy-saving, stable, reliable and continuous power supplies. The products offered by the group include Solar inverters & Solar PV energy solutions, UPS & Data center solutions, Electric vehicle charging station, Stabilizer and Lead-acid maintenance-free battery. Geographically it operates through China and it holds more than 200 representative offices around China. The company's products are sold in both Chinese and international markets.

Executives

Dai Bao Feng	Director
Zhang Tao	Executives
Xu Hai Bo	Directors, executives
Zhang Shun Jiang	Executives
Yu Wei	Directors, executives
He Jia	Director
Shi Xiao Li	Supervisors
He Si Mo	Directors, executives
Zhao Jiu Hong	Directors, executives
Yang Qin	Supervisors
Chen Yong Hua	Executives
Sun Xiao Ling	Supervisors

East Group Co (SZSE:300376) Headlines

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