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. Zotye Automobile Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥282.5 Mil. Zotye Automobile Co's Revenue for the
three
months ended in Jun. 2024 was ¥135.4 Mil.
Zotye Automobile Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.09.
Zotye Automobile Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024
declined
from Mar. 2024 (2.57) to Mar. 2024 (2.09)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zotye Automobile Co's Days Inventory for the
three
months ended in Jun. 2024 was 231.29.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zotye Automobile Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.39.
Zotye Automobile Co Inventory-to-Revenue Historical Data
The historical data trend for Zotye Automobile Co's Inventory-to-Revenue 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.
Competitive Comparison of Zotye Automobile Co's Inventory-to-Revenue
For the Auto Manufacturers subindustry, Zotye Automobile Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Zotye Automobile Co's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zotye Automobile Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Zotye Automobile Co's Inventory-to-Revenue falls into.
Zotye Automobile Co Inventory-to-Revenue Calculation
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.
Zotye Automobile Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Zotye Automobile Co (SZSE:000980) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zotye Automobile Co's Days Inventory for the
three
months ended in Jun. 2024 is calculated as:
* 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.
Zotye Automobile Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Zotye Automobile Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Zotye Automobile Co Ltd is a China-based auto vehicle manufacturing company. The company is engaged in the business of research and development, manufacturing and sales of complete vehicles as the core business. The company owns automotive brands such as Zotye, Jiangnan, and Junma. The products of the company cover market segments such as cars, SUVs, MPVs, and new energy vehicles. It manufactures and distributes automobile instruments, security doors, and other automobile parts. The organization sells its vehicles in China and also exports it to other international countries.
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