Beijing Originwater Technology Co (SZSE:300070) Inventory Turnover : 6.15 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Beijing Originwater Technology 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 Originwater Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,348 Mil. Beijing Originwater Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥219 Mil. Beijing Originwater Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Originwater Technology Co's Days Inventory for the three months ended in Mar. 2024 was 14.83.

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 Originwater Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Beijing Originwater Technology Co Inventory Turnover Historical Data

The historical data trend for Beijing Originwater Technology 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.

* Premium members only.

Beijing Originwater Technology Co Inventory Turnover Chart

Beijing Originwater Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

7.84

19.79

22.51

25.74

33.74

Beijing Originwater Technology 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															7.08	3.90	4.13	8.53	6.15

Beijing Originwater Technology Co Inventory Turnover Calculation

Beijing Originwater Technology 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 )
=	6367.754	/ (	(178.035	+	199.432)	/	2 )
=	6367.754	/	188.7335
=	33.74

Beijing Originwater Technology 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 )
=	1347.524	/ (	(199.432	+	238.687)	/	2 )
=	1347.524	/	219.0595
=	6.15

Beijing Originwater Technology Co (SZSE:300070) 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 Originwater Technology 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
	=	219.0595	/	1347.524	*	365 / 4
	=	14.83

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 Originwater Technology 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 )
	=	219.0595	/	1820.968
	=	0.12

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 Originwater Technology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Beijing Originwater Technology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Beijing Originwater Technology Co (SZSE:300070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Beijing Originwater Technology Co Ltd (SZSE:300070) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

23-2 BOW Building, Life Science Park Road, Haidian District, Beijing, CHN

Website

http://www.originwater.com

Beijing Originwater Technology Co Ltd is a high-tech environmental protection enterprise integrated with membrane material development, membrane equipment manufacturing and membrane technology. The company is involved in the treatment of wastewater. The product portfolio includes - Microfiltration membrane (MF), Ultrafiltration (UF), Ultra-low pressure and highly selective membrane (DF), and Reverse Osmosis (RO). The company's products are used in seawater desalination, industrial water recycling, brackish water desalination, household drinking water purification, wastewater reclamation projects, and surface water treatment projects.

Beijing Originwater Technology Co (SZSE:300070) Headlines

No Headlines