Spring Airlines Co (SHSE:601021) Inventory Turnover: 12.97 (As of Mar. 2026)

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SHSE:601021 Spring Airlines Co Ltd SHSE:601021
61 GF Score
Price ¥45.02
GF Value ¥67.25
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Spring Airlines Co Inventory Turnover?

Spring Airlines Co SHSE:601021 +0.16% 61 Inventory Turnover is 12.97 as of Mar. 2026. GuruFocus rates SHSE:601021 with a GF Score™ of 61/100 and a GF Value™ of ¥67.25 (Significantly Undervalued). The stock has 1 warning sign investors should review.

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. Spring Airlines Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥4,853 Mil. Spring Airlines Co's Average Total Inventories for the quarter that ended in Mar. 2026 was ¥374 Mil. Spring Airlines Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 12.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spring Airlines Co's Days Inventory for the three months ended in Mar. 2026 was 7.04.

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. Spring Airlines Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.06.


Spring Airlines Co  (SHSE:601021) 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.

Spring Airlines Co's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=374.2175/4852.854*365 / 4
=7.04

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.

Spring Airlines Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=374.2175 / 6069.934
=0.06

* 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.


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.


Spring Airlines Co Inventory Turnover Related Terms


Spring Airlines Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Spring Airlines 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.

Spring Airlines Co Inventory Turnover Chart

Spring Airlines Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.55 59.72 82.36 62.51 50.35

Spring Airlines Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.40 12.30 12.48 11.64 12.97
SHSE:601021
61GF Score
Spring Airlines Co Ltd SHSE:601021
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Spring Airlines Co Inventory Turnover Calculation

Spring Airlines Co's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=18544.164 / ((355.06 + 381.481) / 2 )
=18544.164 / 368.2705
=50.35

Spring Airlines Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=4852.854 / ((381.481 + 366.954) / 2 )
=4852.854 / 374.2175
=12.97

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 12.97 mean?
Spring Airlines Co (SHSE:601021) has a Inventory Turnover of 12.97 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Spring Airlines Co and its competitors.
Is Spring Airlines Co's Inventory Turnover too high?
Spring Airlines Co's current Inventory Turnover is 12.97. Overall, Spring Airlines Co has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spring Airlines Co's Inventory Turnover compare to DAL and UAL?
Spring Airlines Co's Inventory Turnover of 12.97 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Transportation company?
A good Inventory Turnover depends on the Transportation industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Spring Airlines Co and its competitors. Spring Airlines Co's current Inventory Turnover is 12.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spring Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Spring Airlines Co (SHSE:601021) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥67.25, compared to a current price of ¥45.02 — trading 33.1% below its estimated fair value. The current Inventory Turnover is 12.97. Spring Airlines Co's overall GF Score™ is 61/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Spring Airlines Co (SHSE:601021), the current Inventory Turnover is 12.97 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spring Airlines Co (SHSE:601021) Overvalued in 2026?

Based on GuruFocus' analysis, Spring Airlines Co stock appears to be undervalued. The current stock price of ¥45.02 is trading 33.1% below its estimated GF Value™ of ¥67.25. GuruFocus considers Spring Airlines Co to be Significantly Undervalued.

Key valuation signals for SHSE:601021:

  • Inventory Turnover: 12.97
  • GF Value™: ¥67.25 vs. price of ¥45.02 (33.1% below fair value)
  • GF Score™: 61/100 with 1 warning sign

No single metric tells the full story. See the SHSE:601021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spring Airlines Co Business Description

Address No. 2599, Hongqiao Road, Spring Airlines Headquarters Office Building, Changning District, Shanghai, CHN, 200335
Spring Airlines Co Ltd is a China-based airline company, principally engaged in the airline transportation of passengers and freight. The company focuses on providing passenger and cargo air transportation services across mainland China, international routes, as well as Hong Kong, Macao, and Taiwan, along with other activities connected to the air transport industry.
61GF Score

Get the complete analysis for SHSE:601021

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥45.02
Price
¥67.25
GF Value