Tianju Dihe (Suzhou) Technology Co (HKSE:02479) Inventory Turnover : 9.18 (As of Jun. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Tianju Dihe (Suzhou) Technology 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. Tianju Dihe (Suzhou) Technology Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$217.8 Mil. Tianju Dihe (Suzhou) Technology Co's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$23.7 Mil. Tianju Dihe (Suzhou) Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 9.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tianju Dihe (Suzhou) Technology Co's Days Inventory for the six months ended in Jun. 2024 was 19.89.

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. Tianju Dihe (Suzhou) Technology Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.09.

Tianju Dihe (Suzhou) Technology Co Inventory Turnover Historical Data

The historical data trend for Tianju Dihe (Suzhou) Technology 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.

Tianju Dihe (Suzhou) Technology Co Inventory Turnover Chart

Tianju Dihe (Suzhou) Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

7.90

12.28

18.85

Tianju Dihe (Suzhou) Technology Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	-	-	11.00	8.47	9.18

Tianju Dihe (Suzhou) Technology Co Inventory Turnover Calculation

Tianju Dihe (Suzhou) Technology 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 )
=	346.105	/ (	(13.908	+	22.805)	/	2 )
=	346.105	/	18.3565
=	18.85

Tianju Dihe (Suzhou) Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	217.829	/ (	(22.805	+	24.67)	/	2 )
=	217.829	/	23.7375
=	9.18

Tianju Dihe (Suzhou) Technology Co (HKSE:02479) 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.

Tianju Dihe (Suzhou) Technology Co's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	23.7375	/	217.829	*	365 / 2
	=	19.89

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.

Tianju Dihe (Suzhou) Technology Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	23.7375	/	278.518
	=	0.09

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.

Tianju Dihe (Suzhou) Technology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Tianju Dihe (Suzhou) Technology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Tianju Dihe (Suzhou) Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tianju Dihe (Suzhou) Technology Co Ltd (HKSE:02479) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Rongfu Street, 16th floor, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN

Website

https://www.juhe.cn

Tianju Dihe (Suzhou) Technology Co Ltd is an integrated API-enabled data exchange service provider in China. It provide data management solutions, which are customized softwares comprising one or more of our products, including APIMaster, DataArts, QuickBot, SmartShield and AnchorChain. It customers include enterprises such as Tencent, Alibaba, Baidu, NetEase, Meituan, China Mobile, China Unicom, China Telecom, and many other internet companies.

Executives

Hua Huan	2202 Interest of your spouse
Zuo Lei	2101 Beneficial owner
Qiu Jian Qiang	2101 Beneficial owner
Jing Dong Ke Ji Kong Gu Gu Fen You Xian Gong Si	2101 Beneficial owner
Liu Qiangdong Richard	2201 Interest of corporation controlled by you

Tianju Dihe (Suzhou) Technology Co Headlines

No Headlines