Sichuan Languang Development Co (SHSE:600466) Inventory Turnover : 0.05 (As of Mar. 2023)

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What is Sichuan Languang Development 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. Sichuan Languang Development Co's Cost of Goods Sold for the three months ended in Mar. 2023 was ¥4,182 Mil. Sichuan Languang Development Co's Average Total Inventories for the quarter that ended in Mar. 2023 was ¥88,877 Mil. Sichuan Languang Development Co's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Languang Development Co's Days Inventory for the three months ended in Mar. 2023 was 1,939.43.

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. Sichuan Languang Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 19.73.

Sichuan Languang Development Co Inventory Turnover Historical Data

The historical data trend for Sichuan Languang Development 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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Sichuan Languang Development Co Inventory Turnover Chart

Sichuan Languang Development Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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0.29

0.26

0.22

0.14

0.17

Sichuan Languang Development Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															0.05	0.02	0.05	0.04	0.05

Sichuan Languang Development Co Inventory Turnover Calculation

Sichuan Languang Development Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	18364.757	/ (	(128418.459	+	90508.445)	/	2 )
=	18364.757	/	109463.452
=	0.17

Sichuan Languang Development Co's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	4181.654	/ (	(90508.445	+	87245.705)	/	2 )
=	4181.654	/	88877.075
=	0.05

Sichuan Languang Development Co (SHSE:600466) 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.

Sichuan Languang Development Co's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	88877.075	/	4181.654	*	365 / 4
	=	1,939.43

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.

Sichuan Languang Development Co's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	88877.075	/	4503.976
	=	19.73

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.

Sichuan Languang Development Co Inventory Turnover Related Terms

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Sichuan Languang Development Co (SHSE:600466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sichuan Languang Development Co Ltd (SHSE:600466) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1 Dikang Avenue, Chengdu Hi-Tech Industrial Development West Zone, Chengdu, Sichuan, CHN, 611731

Website

http://www.dikangyaoye.com

Sichuan Languang Development Co Ltd is a Chinese real estate company that offers real estate finance and property services. It is also involved in corporate planning, consulting services, corporate management, real estate investment, real estate development and management, land consolidation, commercial asset investment, operation, own house leasing, asset management, and property management services.

Executives

Yang Keng	Director
Chi Feng	Director
Ou Jun Ming	Director
Yu Chi	Director
Luo Rui Hua	senior management
Wang Wan Feng	Director
Meng Hong Wei	Director
Zhang Qiao Long	Director
Chang Hang	Supervisors
Lei Peng	Supervisors
Wei Kai Zhong	Director
Wang Xiao Ying	Supervisors
Li Gao Fei	Director
Ren Dong Chuan	Director
Lv Zheng Gang	Director

Sichuan Languang Development Co (SHSE:600466) Headlines

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