Tianjin Teda Co (SZSE:000652) Inventory Turnover : 0.36 (As of Mar. 2024)

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What is Tianjin Teda 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. Tianjin Teda Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,338 Mil. Tianjin Teda Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥11,961 Mil. Tianjin Teda Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tianjin Teda Co's Days Inventory for the three months ended in Mar. 2024 was 251.63.

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. Tianjin Teda Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.69.

Tianjin Teda Co Inventory Turnover Historical Data

The historical data trend for Tianjin Teda 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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Tianjin Teda Co Inventory Turnover Chart

Tianjin Teda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.29

1.33

1.65

1.51

1.61

Tianjin Teda 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															0.35	0.30	0.31	0.57	0.36

Tianjin Teda Co Inventory Turnover Calculation

Tianjin Teda 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 )
=	19748.935	/ (	(12662.838	+	11903.861)	/	2 )
=	19748.935	/	12283.3495
=	1.61

Tianjin Teda 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 )
=	4337.512	/ (	(11903.861	+	12017.857)	/	2 )
=	4337.512	/	11960.859
=	0.36

Tianjin Teda Co (SZSE:000652) 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.

Tianjin Teda 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
	=	11960.859	/	4337.512	*	365 / 4
	=	251.63

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.

Tianjin Teda 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 )
	=	11960.859	/	4451.265
	=	2.69

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.

Tianjin Teda Co Inventory Turnover Related Terms

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Tianjin Teda Co (SZSE:000652) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Teda Co Ltd (SZSE:000652) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 62, Second Avenue, Binhai New Area, 16th Floor, MSD-B1, TEDA, Tianjin, CHN

Website

http://www.tedastock.com

Tianjin Teda Co Ltd is a China-based company engaged in the business of different sectors such as eco-friendly sector, regional development sector, energy trading sector, clean material sector and equity investment sector. In the eco-friendly sector, the company is involved in the provision of waste management services such as burial repair and utilization, domestic garbage collection and transportation, carry out services such as harmless treatment of domestic garbage, waste incineration power generation and others. In the energy trading sector, the company is involved in the wholesale of refined oil products, petrochemical products production and processing, warehousing trade business.

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