Shanghai Baolong Automotive (SHSE:603197) Inventory Turnover : 0.58 (As of Mar. 2024)

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What is Shanghai Baolong Automotive 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. Shanghai Baolong Automotive's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,046 Mil. Shanghai Baolong Automotive's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,815 Mil. Shanghai Baolong Automotive's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Baolong Automotive's Days Inventory for the three months ended in Mar. 2024 was 158.34.

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. Shanghai Baolong Automotive's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.22.

Shanghai Baolong Automotive Inventory Turnover Historical Data

The historical data trend for Shanghai Baolong Automotive'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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Shanghai Baolong Automotive Inventory Turnover Chart

Shanghai Baolong Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.92

3.35

3.14

2.65

Shanghai Baolong Automotive 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															0.55	0.67	0.71	0.78	0.58

Shanghai Baolong Automotive Inventory Turnover Calculation

Shanghai Baolong Automotive'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 )
=	4281.469	/ (	(1530.023	+	1698.603)	/	2 )
=	4281.469	/	1614.313
=	2.65

Shanghai Baolong Automotive'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 )
=	1046.207	/ (	(1698.603	+	1932.235)	/	2 )
=	1046.207	/	1815.419
=	0.58

Shanghai Baolong Automotive (SHSE:603197) 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.

Shanghai Baolong Automotive'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
	=	1815.419	/	1046.207	*	365 / 4
	=	158.34

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.

Shanghai Baolong Automotive'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 )
	=	1815.419	/	1482.928
	=	1.22

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.

Shanghai Baolong Automotive Inventory Turnover Related Terms

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Shanghai Baolong Automotive (SHSE:603197) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Baolong Automotive Corp (SHSE:603197) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

5500, Shenzhuan Road, Songjiang District, Shanghai, CHN, 201619

Website

http://www.baolong.biz

Shanghai Baolong Automotive Corp is a Chinese manufacturer of automotive parts and components. Its products include tire valves and accessories, wheel balancing weights, performance exhaust products, automotive pressure sensors, and hydro-forming automotive body parts, among others. The company sells its products in China and various other countries.

Executives

Chen Hong Quan	Directors, senior managers
Wang Sheng Quan	Directors, senior managers
Wen Jian Feng	senior management
Yin Shu Fei	senior management
Feng Mei Lai	senior management
Chen Xu Lin	Directors, senior managers
Chen Hong Ling	Director
Zhang Zu Qiu	Director
Lan Rui Lin	Supervisors
Huang Jun Lin	Supervisors
Yang Shou Wen	Supervisors

Shanghai Baolong Automotive (SHSE:603197) Headlines

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