Zhejiang Tuna Environmental Science & Tech Co (SHSE:603177) Inventory Turnover : 0.70 (As of Mar. 2025)

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What is Zhejiang Tuna Environmental Science & Tech 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. Zhejiang Tuna Environmental Science & Tech Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥163.0 Mil. Zhejiang Tuna Environmental Science & Tech Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥234.0 Mil. Zhejiang Tuna Environmental Science & Tech Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Tuna Environmental Science & Tech Co's Days Inventory for the three months ended in Mar. 2025 was 130.96.

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. Zhejiang Tuna Environmental Science & Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.06.

Zhejiang Tuna Environmental Science & Tech Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Tuna Environmental Science & Tech 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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Zhejiang Tuna Environmental Science & Tech Co Inventory Turnover Chart

Zhejiang Tuna Environmental Science & Tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.84

3.26

3.57

3.58

3.41

Zhejiang Tuna Environmental Science & Tech Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.95	0.93	0.95	0.87	0.70

Zhejiang Tuna Environmental Science & Tech Co Inventory Turnover Calculation

Zhejiang Tuna Environmental Science & Tech Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	702.497	/ (	(177.189	+	234.642)	/	2 )
=	702.497	/	205.9155
=	3.41

Zhejiang Tuna Environmental Science & Tech Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	163.048	/ (	(234.642	+	233.353)	/	2 )
=	163.048	/	233.9975
=	0.70

Zhejiang Tuna Environmental Science & Tech Co (SHSE:603177) 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.

Zhejiang Tuna Environmental Science & Tech Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	233.9975	/	163.048	*	365 / 4
	=	130.96

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.

Zhejiang Tuna Environmental Science & Tech Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	233.9975	/	220.071
	=	1.06

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.

Zhejiang Tuna Environmental Science & Tech Co Inventory Turnover Related Terms

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Zhejiang Tuna Environmental Science & Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tuna Environmental Science & Tech Co Ltd (SHSE:603177) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

South of Sanjiang Road, Paojiang Industrial Zone, Zhejiang Province, Shaoxing, CHN, 312071

Website

http://www.zj-tuna.com

Zhejiang Tuna Environmental Science & Tech Co Ltd is a Chinese company engaged in the research and development, manufacturing and contracting of flue gas purification technology. It executes EPC turnkey contract which covers denitration, desulfurization and dedusting project throughout the country, as well as overseas as subcontractor of state owned enterprise overseas project. The company also offers FGD system equipment with a different type of method, and cellular type and plate type SCR catalyst, and ESP system equipment.

Executives

Chen Bin	senior management
Ma Tai Yu	Directors, senior managers
Wu Hai Hua	Directors, senior managers
Shen Xin	senior management
Cai Xue Jun	senior management

Zhejiang Tuna Environmental Science & Tech Co Headlines

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