Dida (HKSE:02559) Inventory Turnover : 0.00 (As of Dec. 2024)

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What is Dida 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. Dida's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$119.8 Mil. Dida's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dida's Days Inventory for the six months ended in Dec. 2024 was 0.00.

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. Dida's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.00.

Dida Inventory Turnover Historical Data

The historical data trend for Dida'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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Dida Inventory Turnover Chart

Dida Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Dida Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	-	-

Dida Inventory Turnover Calculation

Dida's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	235.127	/ (	(0	+	0)	/	1 )
=	235.127	/	0
=	N/A

Dida's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	119.822	/ (	(0	+	0)	/	1 )
=	119.822	/	0
=	N/A

Dida (HKSE:02559) 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.

Dida's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0	/	119.822	*	365 / 2
	=	0.00

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.

Dida's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0	/	409.012
	=	0.00

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.

Dida Inventory Turnover Related Terms

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Dida Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dida Inc (HKSE:02559) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chuangyuan Road, 5th floor, Building 14, Chaolai Science Park, No. 36 Courtyard, Chaoyang District, Beijing, CHN

Website

https://www.didachuxing.com

Dida Inc is a technology-driven platform in China offering carpooling marketplace and smart taxi services, aiming to create more transit capacity with less environmental impact. The company operates under 3 segments: Provision of carpooling marketplace services, Provision of taxi related services and Provision of advertising and related services. Key revenue is generated from Provision of carpooling marketplace services.

Executives

Wei Ran Nan Jing Dong Li Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
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Dida Headlines

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