Cashway Fintech Co (SHSE:603106) Inventory Turnover : 0.53 (As of Sep. 2024)

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What is Cashway Fintech 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. Cashway Fintech Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥76.1 Mil. Cashway Fintech Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥144.0 Mil. Cashway Fintech Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cashway Fintech Co's Days Inventory for the three months ended in Sep. 2024 was 172.81.

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. Cashway Fintech Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.86.

Cashway Fintech Co Inventory Turnover Historical Data

The historical data trend for Cashway Fintech 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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Cashway Fintech Co Inventory Turnover Chart

Cashway Fintech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.44

1.31

1.10

1.28

1.53

Cashway Fintech Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.28	0.49	0.66	0.58	0.53

Cashway Fintech Co Inventory Turnover Calculation

Cashway Fintech 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 )
=	431.311	/ (	(376.497	+	185.99)	/	2 )
=	431.311	/	281.2435
=	1.53

Cashway Fintech Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	76.053	/ (	(143.225	+	144.831)	/	2 )
=	76.053	/	144.028
=	0.53

Cashway Fintech Co (SHSE:603106) 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.

Cashway Fintech Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	144.028	/	76.053	*	365 / 4
	=	172.81

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.

Cashway Fintech Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	144.028	/	77.595
	=	1.86

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.

Cashway Fintech Co Inventory Turnover Related Terms

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Cashway Fintech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cashway Fintech Co Ltd (SHSE:603106) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 30 West 8th Road, Tianjin Free Trade Zone (Airport Economic Zone), Tianjin, CHN, 300308

Website

http://www.cashwaytech.com

Cashway Fintech Co Ltd is a provider of smart banking solutions with financial self-service equipment as its core. The company engages in the research and development, manufacture, marketing, operation, and monitoring of banking self-service equipment.

Executives

Wang Wei	Director
Zhang Yun Feng	Director
Jiang Hao Ran	Director
Wu Long Yun	Supervisors
Qin Wei	Supervisors
Zhao Zai Xing	senior management

Cashway Fintech Co Headlines

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