Nanjing Business & Tourism (SHSE:600250) Inventory Turnover : 4.42 (As of Mar. 2024)

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What is Nanjing Business & Tourism 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. Nanjing Business & Tourism's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥158.1 Mil. Nanjing Business & Tourism's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥35.8 Mil. Nanjing Business & Tourism's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nanjing Business & Tourism's Days Inventory for the three months ended in Mar. 2024 was 20.64.

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. Nanjing Business & Tourism's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.17.

Nanjing Business & Tourism Inventory Turnover Historical Data

The historical data trend for Nanjing Business & Tourism'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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Nanjing Business & Tourism Inventory Turnover Chart

Nanjing Business & Tourism Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.84

14.61

12.84

15.01

15.91

Nanjing Business & Tourism 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															3.39	2.76	2.98	4.61	4.42

Nanjing Business & Tourism Inventory Turnover Calculation

Nanjing Business & Tourism'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 )
=	604.791	/ (	(42.08	+	33.968)	/	2 )
=	604.791	/	38.024
=	15.91

Nanjing Business & Tourism'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 )
=	158.07	/ (	(33.968	+	37.553)	/	2 )
=	158.07	/	35.7605
=	4.42

Nanjing Business & Tourism (SHSE:600250) 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.

Nanjing Business & Tourism'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
	=	35.7605	/	158.07	*	365 / 4
	=	20.64

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.

Nanjing Business & Tourism'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 )
	=	35.7605	/	207.132
	=	0.17

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.

Nanjing Business & Tourism Inventory Turnover Related Terms

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Nanjing Business & Tourism (SHSE:600250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nanjing Business & Tourism Corp Ltd (SHSE:600250) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 18, Xinxinqiao East Street, Qinhuai District, Jiangsu, Nanjing, CHN, 210006

Website

http://www.nantex.com.cn

Nanjing Business & Tourism Corp Ltd Formerly Nanjing Textiles Imp & Exp Corp Ltd is involved in the fields of textiles and garments, electric and machinery, light industry, chemical industry and others, covering over 1000 merchandise. At the same time, the company also engaged in the overseas labor services and economic and technical cooperation activities.

Executives

Xia Shu Ping	Director
Fan Ye	senior management
Li Rui Ping	senior management
Zhang Zhong Ling	senior management
Zhou Guo Qing	Supervisors
Yang Chun Sheng	senior management
Han Yong	Director
Yin Wen Qi	senior management
Tang Jian Guo	senior management
Hu Hai Ge	Director
Dan Xiao Zhong	Director
Yang Jing Cheng	Director
Ding Jie	senior management
Ye Qing	senior management
Xu Xian Min	senior management

Nanjing Business & Tourism (SHSE:600250) Headlines

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