Shuangliang Eco-Energy Systems Co (SHSE:600481) Inventory Turnover : 1.78 (As of Mar. 2024)

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What is Shuangliang Eco-Energy Systems 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. Shuangliang Eco-Energy Systems Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,195 Mil. Shuangliang Eco-Energy Systems Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,351 Mil. Shuangliang Eco-Energy Systems Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shuangliang Eco-Energy Systems Co's Days Inventory for the three months ended in Mar. 2024 was 51.13.

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. Shuangliang Eco-Energy Systems Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.

Shuangliang Eco-Energy Systems Co Inventory Turnover Historical Data

The historical data trend for Shuangliang Eco-Energy Systems 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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Shuangliang Eco-Energy Systems Co Inventory Turnover Chart

Shuangliang Eco-Energy Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.34

4.18

3.69

6.21

8.41

Shuangliang Eco-Energy Systems Co 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															1.49	1.78	1.86	1.80	1.78

Shuangliang Eco-Energy Systems Co Inventory Turnover Calculation

Shuangliang Eco-Energy Systems 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 )
=	19737.238	/ (	(2840.616	+	1851.116)	/	2 )
=	19737.238	/	2345.866
=	8.41

Shuangliang Eco-Energy Systems Co'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 )
=	4195.46	/ (	(1851.116	+	2850.348)	/	2 )
=	4195.46	/	2350.732
=	1.78

Shuangliang Eco-Energy Systems Co (SHSE:600481) 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.

Shuangliang Eco-Energy Systems Co'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
	=	2350.732	/	4195.46	*	365 / 4
	=	51.13

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.

Shuangliang Eco-Energy Systems Co'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 )
	=	2350.732	/	4247.775
	=	0.55

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.

Shuangliang Eco-Energy Systems Co Inventory Turnover Related Terms

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Shuangliang Eco-Energy Systems Co (SHSE:600481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shuangliang Eco-Energy Systems Co Ltd (SHSE:600481) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Shuangliang Industrial Park, Ligang Town, Jiangyin, Jiangsu, CHN, 214444

Website

http://www.shuangliang.com

Shuangliang Eco-Energy Systems Co Ltd is a China-based company engaged in the development and manufacturing of energy and water conservation and environmental protection system. Its products include central air conditioning system, high-efficient heat transfer system, desalination system, sewage treatment system, and other energy conservation system.

Executives

Ma Xue Jun	senior management
Wang Lei	senior management
Wu Gang	senior management
Liu Zheng Yu	Directors, senior managers
Fan Gao Ding	Director

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