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Beijing Competitor Sports Science Technology Joint Stock Co (BJSE:833429) Inventory Turnover : 0.42 (As of Mar. 2024)


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What is Beijing Competitor Sports Science Technology Joint Stock 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 Competitor Sports Science Technology Joint Stock Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥80.4 Mil. Beijing Competitor Sports Science Technology Joint Stock Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥190.0 Mil. Beijing Competitor Sports Science Technology Joint Stock Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Competitor Sports Science Technology Joint Stock Co's Days Inventory for the three months ended in Mar. 2024 was 215.52.

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 Competitor Sports Science Technology Joint Stock Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.24.


Beijing Competitor Sports Science Technology Joint Stock Co Inventory Turnover Historical Data

The historical data trend for Beijing Competitor Sports Science Technology Joint Stock 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 Competitor Sports Science Technology Joint Stock Co Inventory Turnover Chart

Beijing Competitor Sports Science Technology Joint Stock Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.98 3.81 2.80 2.37 2.87

Beijing Competitor Sports Science Technology Joint Stock Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.91 0.73 0.82 0.42

Beijing Competitor Sports Science Technology Joint Stock Co Inventory Turnover Calculation

Beijing Competitor Sports Science Technology Joint Stock 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 )
=505.134 / ((173.941 + 177.537) / 2 )
=505.134 / 175.739
=2.87

Beijing Competitor Sports Science Technology Joint Stock 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 )
=80.428 / ((177.537 + 202.384) / 2 )
=80.428 / 189.9605
=0.42

* 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.


Beijing Competitor Sports Science Technology Joint Stock Co  (BJSE:833429) 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 Competitor Sports Science Technology Joint Stock 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
=189.9605/80.428*365 / 4
=215.52

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 Competitor Sports Science Technology Joint Stock 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 )
=189.9605 / 153.677
=1.24

* 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.


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 Competitor Sports Science Technology Joint Stock Co Inventory Turnover Related Terms

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Beijing Competitor Sports Science Technology Joint Stock Co (BJSE:833429) Business Description

Traded in Other Exchanges
N/A
Address
No. 5 Lixiang Road,, Science and Technology Park, Changping District, Beijing, CHN, 102200
Beijing Competitor Sports Science Technology Joint Stock Co Ltd manufactures sports nutrition foods. It mainly focuses on Sports nutrition, research and development and manufacturing of healthy and nutritious food, digital sports technology service.

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