Zhejiang Biyi Electric Appliance Co (SHSE:603215) Inventory Turnover : 1.67 (As of Mar. 2024)

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What is Zhejiang Biyi Electric Appliance 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 Biyi Electric Appliance Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥279 Mil. Zhejiang Biyi Electric Appliance Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥167 Mil. Zhejiang Biyi Electric Appliance Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Biyi Electric Appliance Co's Days Inventory for the three months ended in Mar. 2024 was 54.59.

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 Biyi Electric Appliance Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

Zhejiang Biyi Electric Appliance Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Biyi Electric Appliance 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 Biyi Electric Appliance Co Inventory Turnover Chart

Zhejiang Biyi Electric Appliance Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.21

6.81

5.96

5.26

7.10

Zhejiang Biyi Electric Appliance Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												1.76	2.22	1.96	1.49	1.67

Zhejiang Biyi Electric Appliance Co Inventory Turnover Calculation

Zhejiang Biyi Electric Appliance 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 )
=	1228.727	/ (	(176.258	+	169.622)	/	2 )
=	1228.727	/	172.94
=	7.10

Zhejiang Biyi Electric Appliance 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 )
=	278.64	/ (	(169.622	+	163.74)	/	2 )
=	278.64	/	166.681
=	1.67

Zhejiang Biyi Electric Appliance Co (SHSE:603215) 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 Biyi Electric Appliance 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
	=	166.681	/	278.64	*	365 / 4
	=	54.59

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 Biyi Electric Appliance 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 )
	=	166.681	/	320.101
	=	0.52

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 Biyi Electric Appliance Co Inventory Turnover Related Terms

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Zhejiang Biyi Electric Appliance Co (SHSE:603215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Biyi Electric Appliance Co Ltd (SHSE:603215) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 88, Yuzhaojiang Road, Urban Economic Development Zone, Chengdong New Distric, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.nb-biyi.com

Zhejiang Biyi Electric Appliance Co Ltd is engaged in the design, manufacture and sale of air fryers, air ovens, deep fryers, grillers and other small heating kitchen appliances.

Executives

Lin Jian Yue	senior management
Hu Dong Sheng	Director
Jin Xiao Hong	Director
Tan Xiong	senior management

Zhejiang Biyi Electric Appliance Co (SHSE:603215) Headlines

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