Winsan (Chengdu) Medical Science And Technology Co (SHSE:600767) Inventory Turnover : 0.56 (As of Mar. 2023)

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What is Winsan (Chengdu) Medical Science And Technology 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. Winsan (Chengdu) Medical Science And Technology Co's Cost of Goods Sold for the three months ended in Mar. 2023 was ¥4.36 Mil. Winsan (Chengdu) Medical Science And Technology Co's Average Total Inventories for the quarter that ended in Mar. 2023 was ¥7.82 Mil. Winsan (Chengdu) Medical Science And Technology Co's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Winsan (Chengdu) Medical Science And Technology Co's Days Inventory for the three months ended in Mar. 2023 was 163.60.

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. Winsan (Chengdu) Medical Science And Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 1.17.

Winsan (Chengdu) Medical Science And Technology Co Inventory Turnover Historical Data

The historical data trend for Winsan (Chengdu) Medical Science And Technology 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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Winsan (Chengdu) Medical Science And Technology Co Inventory Turnover Chart

Winsan (Chengdu) Medical Science And Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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3.15

4.16

2.06

3.38

3.66

Winsan (Chengdu) Medical Science And Technology 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															1.05	1.26	1.10	1.12	0.56

Winsan (Chengdu) Medical Science And Technology Co Inventory Turnover Calculation

Winsan (Chengdu) Medical Science And Technology 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 )
=	21.964	/ (	(4.512	+	7.494)	/	2 )
=	21.964	/	6.003
=	3.66

Winsan (Chengdu) Medical Science And Technology 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 )
=	4.364	/ (	(7.494	+	8.154)	/	2 )
=	4.364	/	7.824
=	0.56

Winsan (Chengdu) Medical Science And Technology Co (SHSE:600767) 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.

Winsan (Chengdu) Medical Science And Technology 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
	=	7.824	/	4.364	*	365 / 4
	=	163.60

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.

Winsan (Chengdu) Medical Science And Technology 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 )
	=	7.824	/	6.685
	=	1.17

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.

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Winsan (Chengdu) Medical Science And Technology Co (SHSE:600767) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Winsan (Chengdu) Medical Science And Technology Co Ltd (SHSE:600767) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 69 Dongfang Road, Unit 1102-1104, Pudong New District, Shanghai, CHN, 200120

Website

http://www.winsan.cn

Winsan (Chengdu) Medical Science And Technology Co Ltd are engaged in technology development, technical consultation, and technical services in the field of public health and regional medical information. The company projects include Lishui Population Health Information PPP project which includes home pension, chronic disease management, remote diagnosis and treatment, medical insurance, and pharmacy services. It covers approximately 33 public health service agencies, 23 public hospitals, 193 township health centers, and 983 health service stations.

Executives

Ma Wei Guo	Director
Hua En Min	senior management
Jiang Hui Fang	senior management
Guan Wen Lian	Director
Luo Yong Jian	Director
Zhou Luo Man	Supervisors
Qian Min Hua	Director
Wu Ai Qun	Supervisors
Liang Yong Xin	Director

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