Songcheng Performance Development Co (SZSE:300144) Inventory Turnover : 19.70 (As of Mar. 2024)

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What is Songcheng Performance Development 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. Songcheng Performance Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥175 Mil. Songcheng Performance Development Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥9 Mil. Songcheng Performance Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 19.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Songcheng Performance Development Co's Days Inventory for the three months ended in Mar. 2024 was 4.63.

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. Songcheng Performance Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Songcheng Performance Development Co Inventory Turnover Historical Data

The historical data trend for Songcheng Performance Development 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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Songcheng Performance Development Co Inventory Turnover Chart

Songcheng Performance Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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159.35

36.11

44.68

19.37

64.78

Songcheng Performance Development 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															10.65	14.68	20.14	20.60	19.70

Songcheng Performance Development Co Inventory Turnover Calculation

Songcheng Performance Development 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 )
=	648.299	/ (	(11.044	+	8.97)	/	2 )
=	648.299	/	10.007
=	64.78

Songcheng Performance Development 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 )
=	174.877	/ (	(8.97	+	8.783)	/	2 )
=	174.877	/	8.8765
=	19.70

Songcheng Performance Development Co (SZSE:300144) 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.

Songcheng Performance Development 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
	=	8.8765	/	174.877	*	365 / 4
	=	4.63

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.

Songcheng Performance Development 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 )
	=	8.8765	/	559.586
	=	0.02

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.

Songcheng Performance Development Co Inventory Turnover Related Terms

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Songcheng Performance Development Co (SZSE:300144) Business Description

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Address

148 River Road, Zhejiang Province, Hangzhou, CHN, 310008

Website

http://www.songcn.com

Songcheng Performance Development Co Ltd operates in the performing arts industry. The company is engaged in the operation of theme parks and tourism cultural shows in China. It has developed dozens of cultural entertainment projects including Songcheng Six Rooms and China Performing Arts Valley. In addition, the company has extended businesses in leisure tourism, live entertainment, and online entertainment, intending to create a performance empire that covers both online and offline traffic.

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