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Cheetah Net Supply Chain Service (Cheetah Net Supply Chain Service) Inventory Turnover : 1.73 (As of Mar. 2024)


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What is Cheetah Net Supply Chain Service 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. Cheetah Net Supply Chain Service's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.48 Mil. Cheetah Net Supply Chain Service's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.86 Mil. Cheetah Net Supply Chain Service's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cheetah Net Supply Chain Service's Days Inventory for the three months ended in Mar. 2024 was 52.76.

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. Cheetah Net Supply Chain Service's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Cheetah Net Supply Chain Service Inventory Turnover Historical Data

The historical data trend for Cheetah Net Supply Chain Service'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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Cheetah Net Supply Chain Service Inventory Turnover Chart

Cheetah Net Supply Chain Service Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
2.26 4.60 9.11

Cheetah Net Supply Chain Service Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 1.50 1.44 1.51 1.73

Cheetah Net Supply Chain Service Inventory Turnover Calculation

Cheetah Net Supply Chain Service'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 )
=34.069 / ((5.966 + 1.515) / 2 )
=34.069 / 3.7405
=9.11

Cheetah Net Supply Chain Service'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 )
=1.483 / ((1.515 + 0.2) / 2 )
=1.483 / 0.8575
=1.73

* 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.

Cheetah Net Supply Chain Service  (NAS:CTNT) 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.

Cheetah Net Supply Chain Service'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
=0.8575/1.483*365 / 4
=52.76

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.

Cheetah Net Supply Chain Service'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 )
=0.8575 / 1.508
=0.57

* 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.

Cheetah Net Supply Chain Service Inventory Turnover Related Terms

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Cheetah Net Supply Chain Service (Cheetah Net Supply Chain Service) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cheetah Net Supply Chain Service Inc (NAS:CTNT) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
6201 Fairview Road, Suite 225, Charlotte, NC, USA, 28210
Website
Cheetah Net Supply Chain Service Inc is a supplier of parallel-import vehicles sourced in the U.S. to be sold in the China market. The parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturers' official distribution systems. The company purchases automobiles, primarily luxury brands such as Mercedes, BMW, Porsche, Lexus, and Bentley, from the U.S. market and resell them to customers, including both U.S. and PRC parallel-import car dealers. It derive profits primarily from the price difference between our buying and selling prices for parallel-import vehicles.
Executives
Catherine Chen director ONE MILE WEST OF GUANRI, HULI DISTRICT, XIAMEN F4 361000
Huoyuan Chen 10 percent owner QUNZHONGXINCUN VILLAGE, TAIJIANG DIST., 207 BLOCK 5, FUZHOU F4 350000
Adam Eilenberg director 335 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10017
Walter Penn Folker officer: Vice President of Procurement 7353 BEDFORDSHIRE DRIVE, CHARLOTTE NC 28226
Xianggeng Huang director, 10 percent owner 12-8, A2#BLDG, WANDA PLAZA II, NO.8 AOJIANG RD., AOFENG ST., TAIJIANG, FUZHOU F4 350000
Xiaolin Tang 10 percent owner RM 401, BLDG 25, MOON BAY GARDEN, DONGSHAN ST., JIANGNING DIST., NANJING F4 211100
Yan Xiao 10 percent owner LANGYUAN 2-3001, XINGHEWAN COMM., SIJI XINGHE MID ST., CHAOYANG N. RD., BEIJING F4 100000
Ying-chang Yuan 10 percent owner 4752 MOUNT ROYAL LN, CHARLOTTE NC 28210
Vladimir Gavrilovic director 70 ELM STREET, APT 1, NORTH ARLINGTON NJ 07031
Huan Liu director, 10 percent owner, officer: See Remarks 6201 FAIRVIEW RD, STE 225, CHARLOTTE NC 28210