Guizhou Guihang Automotive Components Co (SHSE:600523) Inventory Turnover : 1.17 (As of Mar. 2025)

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What is Guizhou Guihang Automotive Components 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. Guizhou Guihang Automotive Components Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥459 Mil. Guizhou Guihang Automotive Components Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥393 Mil. Guizhou Guihang Automotive Components Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guizhou Guihang Automotive Components Co's Days Inventory for the three months ended in Mar. 2025 was 78.03.

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. Guizhou Guihang Automotive Components Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.66.

Guizhou Guihang Automotive Components Co Inventory Turnover Historical Data

The historical data trend for Guizhou Guihang Automotive Components 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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Guizhou Guihang Automotive Components Co Inventory Turnover Chart

Guizhou Guihang Automotive Components Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.15

4.63

4.14

4.38

4.56

Guizhou Guihang Automotive Components Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															1.07	1.19	1.26	1.26	1.17

Guizhou Guihang Automotive Components Co Inventory Turnover Calculation

Guizhou Guihang Automotive Components Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1829.476	/ (	(414.079	+	387.481)	/	2 )
=	1829.476	/	400.78
=	4.56

Guizhou Guihang Automotive Components Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	459.447	/ (	(387.481	+	398.258)	/	2 )
=	459.447	/	392.8695
=	1.17

Guizhou Guihang Automotive Components Co (SHSE:600523) 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.

Guizhou Guihang Automotive Components Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	392.8695	/	459.447	*	365 / 4
	=	78.03

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.

Guizhou Guihang Automotive Components Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	392.8695	/	591.795
	=	0.66

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.

Guizhou Guihang Automotive Components Co Inventory Turnover Related Terms

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Guizhou Guihang Automotive Components Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guizhou Guihang Automotive Components Co Ltd (SHSE:600523) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.1 Qingshuijiang Road, Xiaohe District, Guizhou Province, Guiyang, CHN, 550009

Website

https://www.gzghgf.com

Guizhou Guihang Automotive Components Co Ltd is mainly engaged in the production and distribution of automobile and motorcycle components in China.

Executives

Liao Jia	senior management
Yin Xue Ling	senior management
Hu Xiao	senior management
Yu Xian Feng	senior management
Zhou Kai Lin	senior management
Tang Hai Bin	senior management
Zhang Xiao Jun	Director

Guizhou Guihang Automotive Components Co Headlines

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