Zhejiang Shibao Co (HKSE:01057) Inventory Turnover : 0.80 (As of Mar. 2024)

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What is Zhejiang Shibao 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. Zhejiang Shibao Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$425 Mil. Zhejiang Shibao Co's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$529 Mil. Zhejiang Shibao Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Shibao Co's Days Inventory for the three months ended in Mar. 2024 was 113.48.

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. Zhejiang Shibao Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.99.

Zhejiang Shibao Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Shibao 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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Zhejiang Shibao Co Inventory Turnover Chart

Zhejiang Shibao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.25

3.68

3.21

2.87

3.19

Zhejiang Shibao 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															0.63	0.68	0.75	1.07	0.80

Zhejiang Shibao Co Inventory Turnover Calculation

Zhejiang Shibao 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 )
=	1579.703	/ (	(467.821	+	523.054)	/	2 )
=	1579.703	/	495.4375
=	3.19

Zhejiang Shibao 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 )
=	425.097	/ (	(523.054	+	534.234)	/	2 )
=	425.097	/	528.644
=	0.80

Zhejiang Shibao Co (HKSE:01057) 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.

Zhejiang Shibao 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
	=	528.644	/	425.097	*	365 / 4
	=	113.48

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.

Zhejiang Shibao 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 )
	=	528.644	/	536.025
	=	0.99

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.

Zhejiang Shibao Co Inventory Turnover Related Terms

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Zhejiang Shibao Co (HKSE:01057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Shibao Co Ltd (HKSE:01057) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

W4K1:Germany 002703:China

Address

228 Queen’s Road East, Unit C, 5th Floor, Jonsim Place, Wanchai, Hong Kong, HKG

Website

http://www.zjshibao.com

Zhejiang Shibao Co Ltd is into the research and development of automotive steering gear products and is mainly engaged in the development, design, manufacture, and sales of automotive steering gears and other key components and parts of the steering system. It offers power recirculating ball steering gears which are used in light, medium, and heavy-duty trucks and buses, and power rack-and-pinion steering gears and steering knuckles for use in passenger cars. The company derives a majority of its revenue domestically from China.

Executives

Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you

Zhejiang Shibao Co (HKSE:01057) Headlines

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