Servyou Software Group Co (SHSE:603171) Inventory Turnover : 0.59 (As of Mar. 2024)

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What is Servyou Software 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. Servyou Software Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥131 Mil. Servyou Software Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥223 Mil. Servyou Software Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Servyou Software Group Co's Days Inventory for the three months ended in Mar. 2024 was 154.79.

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. Servyou Software Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.61.

Servyou Software Group Co Inventory Turnover Historical Data

The historical data trend for Servyou Software 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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Servyou Software Group Co Inventory Turnover Chart

Servyou Software Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.53

7.58

5.16

3.40

3.61

Servyou Software Group Co Quarterly Data
	Dec18	Mar19	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															0.44	0.49	0.51	1.28	0.59

Servyou Software Group Co Inventory Turnover Calculation

Servyou Software 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 )
=	811.714	/ (	(245.486	+	204.349)	/	2 )
=	811.714	/	224.9175
=	3.61

Servyou Software 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 )
=	131.416	/ (	(204.349	+	241.512)	/	2 )
=	131.416	/	222.9305
=	0.59

Servyou Software Group Co (SHSE:603171) 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.

Servyou Software 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
	=	222.9305	/	131.416	*	365 / 4
	=	154.79

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.

Servyou Software 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 )
	=	222.9305	/	362.701
	=	0.61

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.

Servyou Software Group Co Inventory Turnover Related Terms

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Servyou Software Group Co (SHSE:603171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Servyou Software Group Co Ltd (SHSE:603171) » Definitions » Inventory Turnover

Comparable Companies

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Address

No. 3738, Nanhuan Road, Puyan Street, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053

Website

http://www.servyou.com.cn

Servyou Software Group Co Ltd is a comprehensive service provider of fiscal and taxation information in China. It offers tax system development and operation and maintenance for tax authorities, and provides comprehensive Internet financial and taxation services for taxpayers and financial and tax intermediaries with the Yiqiying brand.

Executives

Zhou Ke Ren

Director

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