Techking Tires (BJSE:920020) Inventory Turnover: 4.11 (As of Jun. 2026)

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BJSE:920020 Techking Tires Ltd BJSE:920020
18 GF Score
Price ¥14.69
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What is Techking Tires Inventory Turnover?

Techking Tires BJSE:920020 18 Inventory Turnover is 4.11 as of Jun. 2026. GuruFocus rates BJSE:920020 with a GF Score™ of 18/100.

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. Techking Tires's Cost of Goods Sold for the three months ended in Jun. 2026 was ¥696 Mil. Techking Tires's Average Total Inventories for the quarter that ended in Jun. 2026 was ¥169 Mil. Techking Tires's Inventory Turnover for the quarter that ended in Jun. 2026 was 4.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Techking Tires's Days Inventory for the three months ended in Jun. 2026 was 22.20.

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. Techking Tires's Inventory-to-Revenue for the quarter that ended in Jun. 2026 was 0.20.

Techking Tires  (BJSE:920020) 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.

Techking Tires's Days Inventory for the three months ended in Jun. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2026 )/Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=169.311699445/695.98738334*365 / 4
=22.20

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.

Techking Tires's Inventory to Revenue for the quarter that ended in Jun. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=169.311699445 / 844.58583128
=0.20

* 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.

Techking Tires Inventory Turnover Related Terms

Techking Tires Inventory Turnover Historical Data

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The historical data trend for Techking Tires'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.

Techking Tires Inventory Turnover Chart

Techking Tires Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Inventory Turnover
24.17 24.90 22.17 16.32

Techking Tires Quarterly Data
Dec24 Mar25 Mar26 Jun26
Inventory Turnover - 4.97 3.46 4.11
BJSE:920020
18GF Score
Techking Tires Ltd BJSE:920020
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Techking Tires Inventory Turnover Calculation

Techking Tires's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=2111.8715795 / ((97.90258799 + 160.88218623) / 2 )
=2111.8715795 / 129.39238711
=16.32

Techking Tires's Inventory Turnover for the quarter that ended in Jun. 2026 is calculated as

Inventory Turnover (Q: Jun. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2026 ) / ((Total Inventories (Q: Mar. 2026 ) + Total Inventories (Q: Jun. 2026 )) / count )
=695.98738334 / ((174.18687369 + 164.4365252) / 2 )
=695.98738334 / 169.311699445
=4.11

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 4.11 mean?
Techking Tires (BJSE:920020) has a Inventory Turnover of 4.11 as of Jun. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Techking Tires and its competitors.
Is Techking Tires' Inventory Turnover too high?
Techking Tires' current Inventory Turnover is 4.11. Overall, Techking Tires has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Techking Tires' Inventory Turnover compare to ORLY and AZO?
Techking Tires' Inventory Turnover of 4.11 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Techking Tires and its competitors. Techking Tires's current Inventory Turnover is 4.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techking Tires stock overvalued right now?
Techking Tires (BJSE:920020) has a current Inventory Turnover of 4.11. The current Inventory Turnover is 4.11. Techking Tires' overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Techking Tires (BJSE:920020), the current Inventory Turnover is 4.11 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Techking Tires Business Description

Address Keyuanjingsan Road, Building 2, No. 6, Laoshan District, Qingdao, Shandong, CHN, 266061
Techking Tires Ltd is a company specializing in the design, development, sales, and service of tires for mining and construction equipment. The company offers various products and technical services, including tire manufacturing and rubber product sales. It also engages in technical consulting, development, and technology transfer, alongside import and export activities related to goods and technology. Techking serves both domestic and international markets with a focus on providing tires designed for specific applications, supported by an integrated product development system and localized marketing and service teams. The company aims to support the operational needs of the mining and construction industries by offering tailored tire solutions and related technical services.
18GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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