Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Inventory Turnover : 1.97 (As of Mar. 2024)

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What is Yinchuan Xinhua Commercial (Group) 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. Yinchuan Xinhua Commercial (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,382 Mil. Yinchuan Xinhua Commercial (Group) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥700 Mil. Yinchuan Xinhua Commercial (Group) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yinchuan Xinhua Commercial (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 46.26.

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. Yinchuan Xinhua Commercial (Group) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.37.

Yinchuan Xinhua Commercial (Group) Co Inventory Turnover Historical Data

The historical data trend for Yinchuan Xinhua Commercial (Group) 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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Yinchuan Xinhua Commercial (Group) Co Inventory Turnover Chart

Yinchuan Xinhua Commercial (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.15

6.01

5.67

5.19

5.39

Yinchuan Xinhua Commercial (Group) 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															1.64	1.59	1.56	1.48	1.97

Yinchuan Xinhua Commercial (Group) Co Inventory Turnover Calculation

Yinchuan Xinhua Commercial (Group) 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 )
=	4442.394	/ (	(909.439	+	738.618)	/	2 )
=	4442.394	/	824.0285
=	5.39

Yinchuan Xinhua Commercial (Group) 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 )
=	1381.716	/ (	(738.618	+	662.363)	/	2 )
=	1381.716	/	700.4905
=	1.97

Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) 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.

Yinchuan Xinhua Commercial (Group) 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
	=	700.4905	/	1381.716	*	365 / 4
	=	46.26

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.

Yinchuan Xinhua Commercial (Group) 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 )
	=	700.4905	/	1884.269
	=	0.37

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.

Yinchuan Xinhua Commercial (Group) Co Inventory Turnover Related Terms

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Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Yinchuan Xinhua Commercial (Group) Co Ltd (SHSE:600785) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 97 Xinhua East Street, Xingqing District, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750001

Website

http://www.xhbh.com.cn

Yinchuan Xinhua Commercial (Group) Co Ltd is a China-based company engaged in the operation of department stores, as well as the delivery of goods, household appliances, and wholesale products.

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