GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (HKSE:03669) » Definitions » Inventory Turnover

China Yongda Automobiles Services Holdings (HKSE:03669) Inventory Turnover : 8.40 (As of Dec. 2023)


View and export this data going back to 2012. Start your Free Trial

What is China Yongda Automobiles Services Holdings 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. China Yongda Automobiles Services Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$38,653 Mil. China Yongda Automobiles Services Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$4,604 Mil. China Yongda Automobiles Services Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Yongda Automobiles Services Holdings's Days Inventory for the six months ended in Dec. 2023 was 21.74.

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. China Yongda Automobiles Services Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.


China Yongda Automobiles Services Holdings Inventory Turnover Historical Data

The historical data trend for China Yongda Automobiles Services Holdings'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.

China Yongda Automobiles Services Holdings Inventory Turnover Chart

China Yongda Automobiles Services Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.82 12.25 16.06 14.61 15.00

China Yongda Automobiles Services Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.79 7.33 9.07 7.41 8.40

China Yongda Automobiles Services Holdings Inventory Turnover Calculation

China Yongda Automobiles Services Holdings'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 )
=73940.622 / ((5087.072 + 4772.326) / 2 )
=73940.622 / 4929.699
=15.00

China Yongda Automobiles Services Holdings'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=38653.405 / ((4434.784 + 4772.326) / 2 )
=38653.405 / 4603.555
=8.40

* 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.


China Yongda Automobiles Services Holdings  (HKSE:03669) 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.

China Yongda Automobiles Services Holdings'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
=4603.555/38653.405*365 / 2
=21.74

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.

China Yongda Automobiles Services Holdings'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 )
=4603.555 / 41272.185
=0.11

* 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.


China Yongda Automobiles Services Holdings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of China Yongda Automobiles Services Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


China Yongda Automobiles Services Holdings (HKSE:03669) Business Description

Traded in Other Exchanges
Address
The Center, 99 Queen’s Road Central, Unit 5708, 57th Floor, Central, Hong Kong, HKG
China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.
Executives
Hsbc International Trustee Limited 2301 Trustee
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Cheung Tak On
Brown Brothers Harriman & Co. 2502 Approved lending agent
Fidelity Funds 2101 Beneficial owner
Asset Link Investment Limited 2101 Beneficial owner
Palace Wonder Company Limited
Regency Valley Company Limited

China Yongda Automobiles Services Holdings (HKSE:03669) Headlines

No Headlines