Qiniu (HKSE:02567) Inventory Turnover : 32.48 (As of Dec. 2023)

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What is Qiniu 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. Qiniu's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,054 Mil. Qiniu's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$32 Mil. Qiniu's Inventory Turnover for the quarter that ended in Dec. 2023 was 32.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qiniu's Days Inventory for the six months ended in Dec. 2023 was 5.62.

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. Qiniu's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Qiniu Inventory Turnover Historical Data

The historical data trend for Qiniu'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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Qiniu Inventory Turnover Chart

Qiniu Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

26.84

22.12

32.48

68.60

Qiniu Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
Inventory Turnover	26.84	22.12	32.48	68.60

Qiniu Inventory Turnover Calculation

Qiniu'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 )
=	1053.746	/ (	(39.088	+	25.791)	/	2 )
=	1053.746	/	32.4395
=	32.48

Qiniu's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1053.746	/ (	(39.088	+	25.791)	/	2 )
=	1053.746	/	32.4395
=	32.48

Qiniu (HKSE:02567) 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.

Qiniu's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	32.4395	/	1053.746	*	365 / 2
	=	5.62

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.

Qiniu's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	32.4395	/	1333.991
	=	0.02

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.

Qiniu Inventory Turnover Related Terms

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Qiniu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qiniu Ltd (HKSE:02567) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No.66 Boxia Road, Floors 1-4, Building Q, Pudong New District, Shanghai, CHN

Website

http://www.qiniu.ltd

Qiniu Ltd provides audiovisual cloud services in China. Audiovisual cloud services refer to the producing, storing, processing, distributing, analyzing, auditing, retrieving, and recommending unstructured audiovisual content in multi-media formats. PaaS is a computing service model by which cloud service providers offer a suite of hardware and software resources to their users via a platform, enabling the users to focus on writing codes, configuring the service metrics and monitoring of applications without the need to divert time and resources to the development and maintenance of the infrastructure underlying the platform, including maintenance of hardware, updates of operating system, data backup and recovery, internet security, disaster recovery, etc.

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