Guangzhou Automobile Group Co (SHSE:601238) Inventory Turnover : 1.16 (As of Mar. 2024)

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What is Guangzhou Automobile 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. Guangzhou Automobile Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥19,856 Mil. Guangzhou Automobile Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥17,112 Mil. Guangzhou Automobile Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Automobile Group Co's Days Inventory for the three months ended in Mar. 2024 was 78.64.

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. Guangzhou Automobile Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

Guangzhou Automobile Group Co Inventory Turnover Historical Data

The historical data trend for Guangzhou Automobile 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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Guangzhou Automobile Group Co Inventory Turnover Chart

Guangzhou Automobile Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.09

8.68

9.40

10.04

8.25

Guangzhou Automobile 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															1.91	2.52	2.59	1.95	1.16

Guangzhou Automobile Group Co Inventory Turnover Calculation

Guangzhou Automobile 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 )
=	119949.603	/ (	(12361.83	+	16720.313)	/	2 )
=	119949.603	/	14541.0715
=	8.25

Guangzhou Automobile 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 )
=	19855.977	/ (	(16720.313	+	17503.388)	/	2 )
=	19855.977	/	17111.8505
=	1.16

Guangzhou Automobile Group Co (SHSE:601238) 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.

Guangzhou Automobile 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
	=	17111.8505	/	19855.977	*	365 / 4
	=	78.64

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.

Guangzhou Automobile 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 )
	=	17111.8505	/	21566.434
	=	0.79

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.

Guangzhou Automobile Group Co Inventory Turnover Related Terms

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Guangzhou Automobile Group Co (SHSE:601238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangzhou Automobile Group Co Ltd (SHSE:601238) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GNZUF:USA 02238:Hong Kong 02G:Germany

Address

18 Whitfield Road, Room 808, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.gac.com.cn

Guangzhou Automobile Group Co Ltd is a state-controlled producer of passenger vehicles, motorcycles, and auto parts. The company's activities are broadly classified into two segments; The vehicles and related operations segment include the production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts, and related operations, and the Others segment includes mainly the production and sale of motorcycles, automobile finance, and insurance, other financing services, and investing businesses. The firm's operations are spread across Mainland China and Hong Kong. Its vehicles segment generates a majority of the revenues for the company. Geographically, it derives a majority of its revenue from Mainland China.

Executives

Chen Mao Shan	Director
Ceng Qing Hong	Director
Wang Dan	senior management
Chen Han Jun	senior management
Chen Xiao Mu	Director
Sui Li	senior management
Wu Song	senior management
Feng Xing Ya	Directors, senior managers
Li Shao	senior management
Shi Lei	Supervisors
Gao Rui	senior management
Yan Zhuang Li	senior management
Zhang Qing Song	senior management
Qu Yong Jian	senior management
Yuan Zhong Rong	Director

Guangzhou Automobile Group Co (SHSE:601238) Headlines

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