Wuxi Commercial Mansion Grand Orient Co (SHSE:600327) Inventory Turnover : 3.41 (As of Jun. 2024)

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What is Wuxi Commercial Mansion Grand Orient 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. Wuxi Commercial Mansion Grand Orient Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥763 Mil. Wuxi Commercial Mansion Grand Orient Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥224 Mil. Wuxi Commercial Mansion Grand Orient Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuxi Commercial Mansion Grand Orient Co's Days Inventory for the three months ended in Jun. 2024 was 26.79.

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. Wuxi Commercial Mansion Grand Orient Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.25.

Wuxi Commercial Mansion Grand Orient Co Inventory Turnover Historical Data

The historical data trend for Wuxi Commercial Mansion Grand Orient 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.

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Wuxi Commercial Mansion Grand Orient Co Inventory Turnover Chart

Wuxi Commercial Mansion Grand Orient Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.73

4.83

2.80

2.07

10.31

Wuxi Commercial Mansion Grand Orient Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.87	3.01	2.38	3.03	3.41

Wuxi Commercial Mansion Grand Orient Co Inventory Turnover Calculation

Wuxi Commercial Mansion Grand Orient 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 )
=	2944.381	/ (	(258.697	+	312.725)	/	2 )
=	2944.381	/	285.711
=	10.31

Wuxi Commercial Mansion Grand Orient 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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	763.285	/ (	(234.916	+	213.32)	/	2 )
=	763.285	/	224.118
=	3.41

Wuxi Commercial Mansion Grand Orient Co (SHSE:600327) 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.

Wuxi Commercial Mansion Grand Orient Co's Days Inventory for the three 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
	=	224.118	/	763.285	*	365 / 4
	=	26.79

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.

Wuxi Commercial Mansion Grand Orient 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 )
	=	224.118	/	896.783
	=	0.25

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.

Wuxi Commercial Mansion Grand Orient Co Inventory Turnover Related Terms

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Wuxi Commercial Mansion Grand Orient Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wuxi Commercial Mansion Grand Orient Co Ltd (SHSE:600327) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 343 Zhongshan Road, Jiangsu Province, Wuxi, CHN, 214001

Website

http://www.eastall.com

Wuxi Commercial Mansion Grand Orient Co Ltd operates retail department stores. The company is also involved in the automotive business and food manufacturing operations.

Executives

Xie Wei Dong	Director
Gao Bing Hua	Director
Zhang Sheng Ming	senior management
Wang Jing Long	senior management
Xi Guo Liang	Director
Zhang Zhi Hua	Director
Fang Min Jia	Supervisors
Gao Jie	Supervisors
Pan Xiao Yan	Director
Xu Biao	Director
Zhang Sheng Min	Director

Wuxi Commercial Mansion Grand Orient Co Headlines

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