Chengdu B-ray Media Co (SHSE:600880) Inventory Turnover : 1.33 (As of Mar. 2024)

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What is Chengdu B-ray Media 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. Chengdu B-ray Media Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥41.8 Mil. Chengdu B-ray Media Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥31.4 Mil. Chengdu B-ray Media Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chengdu B-ray Media Co's Days Inventory for the three months ended in Mar. 2024 was 68.52.

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. Chengdu B-ray Media Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.31.

Chengdu B-ray Media Co Inventory Turnover Historical Data

The historical data trend for Chengdu B-ray Media 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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Chengdu B-ray Media Co Inventory Turnover Chart

Chengdu B-ray Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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71.37

51.63

27.17

10.32

11.04

Chengdu B-ray Media 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															2.68	1.67	3.22	3.14	1.33

Chengdu B-ray Media Co Inventory Turnover Calculation

Chengdu B-ray Media 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 )
=	328.138	/ (	(25.6	+	33.864)	/	2 )
=	328.138	/	29.732
=	11.04

Chengdu B-ray Media 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 )
=	41.759	/ (	(33.864	+	28.853)	/	2 )
=	41.759	/	31.3585
=	1.33

Chengdu B-ray Media Co (SHSE:600880) 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.

Chengdu B-ray Media 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
	=	31.3585	/	41.759	*	365 / 4
	=	68.52

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.

Chengdu B-ray Media 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 )
	=	31.3585	/	102.579
	=	0.31

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.

Chengdu B-ray Media Co Inventory Turnover Related Terms

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Chengdu B-ray Media Co (SHSE:600880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chengdu B-ray Media Co Ltd (SHSE:600880) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Jinjiang Industrial Park, Sichuan Province, Chengdu, CHN, 610063

Website

http://www.b-raymedia.com

Chengdu B-ray Media Co Ltd is a China-based media company which operates newspaper and commercial printing services, outdoor and agent advertising, as well as newspaper and magazine printing and delivery, and the operation of online games.

Executives

Lv Gong Yi	Director
Xu Xiao Dong	senior management
Jiang Xue Mei	Director
Zhang Yue Ming	Supervisors
Meng Fang Lan	Supervisors
Gou Jun	senior management
Cao Jian Chun	Director
Li Xiang Yu	senior management
Wei Xiao	senior management
Yuan Ji Guo	Director
Luo Chong Yang	senior management
Zhang Fu Mao	Director
Li Zhi Gang	Supervisors
Qi Yong	senior management
Sun Xu Jun	Director

Chengdu B-ray Media Co (SHSE:600880) Headlines

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