Jiangsu Ankura Intelligent Power Co (SZSE:300617) Inventory Turnover : 0.49 (As of Mar. 2024)

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What is Jiangsu Ankura Intelligent Power 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. Jiangsu Ankura Intelligent Power Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥146.0 Mil. Jiangsu Ankura Intelligent Power Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥299.3 Mil. Jiangsu Ankura Intelligent Power Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Ankura Intelligent Power Co's Days Inventory for the three months ended in Mar. 2024 was 187.02.

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. Jiangsu Ankura Intelligent Power Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.18.

Jiangsu Ankura Intelligent Power Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Ankura Intelligent Power 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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Jiangsu Ankura Intelligent Power Co Inventory Turnover Chart

Jiangsu Ankura Intelligent Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.27

1.42

1.78

1.76

1.96

Jiangsu Ankura Intelligent Power 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															0.57	0.54	0.34	0.62	0.49

Jiangsu Ankura Intelligent Power Co Inventory Turnover Calculation

Jiangsu Ankura Intelligent Power 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 )
=	561.753	/ (	(270.585	+	301.284)	/	2 )
=	561.753	/	285.9345
=	1.96

Jiangsu Ankura Intelligent Power 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 )
=	146.03	/ (	(301.284	+	297.3)	/	2 )
=	146.03	/	299.292
=	0.49

Jiangsu Ankura Intelligent Power Co (SZSE:300617) 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.

Jiangsu Ankura Intelligent Power 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
	=	299.292	/	146.03	*	365 / 4
	=	187.02

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.

Jiangsu Ankura Intelligent Power 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 )
	=	299.292	/	254.028
	=	1.18

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.

Jiangsu Ankura Intelligent Power Co Inventory Turnover Related Terms

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Jiangsu Ankura Intelligent Power Co (SZSE:300617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Ankura Intelligent Power Co Ltd (SZSE:300617) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 100 Tianmuhu Avenue, Tianmu Lake Industrial Park, Jiangsu Province, Liyang, CHN, 213333

Website

http://www.ankura.com.cn

Jiangsu Ankura Smart Transmission Engineering Technology Co Ltd is a China based supplier of ultra-high voltage cable system solutions. It provides customers with connectors, laying materials, monitoring and control of intelligent equipment. In addition, the company also offers customers with the design, construction, and equipment comprehensive professional services including testing, operation and maintenance. The product categories of the company comprise Cable transmission system and GIL transmission system. Cable transmission system includes porcelain sleeve terminal, composite terminal, transformer terminal, and branch connector. GIL transmission system includes gas pipeline bus, GIL casing, and GIL monitoring system.

Executives

Chen Xiao Ming	Director
Wang Jian Ping	Executives
Wang Chun Mei	Executives
Zhao Bing Song	Directors, executives

Jiangsu Ankura Intelligent Power Co (SZSE:300617) Headlines

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