Jiangsu Seagull Cooling Tower Co (SHSE:603269) Inventory Turnover : 0.19 (As of Jun. 2024)

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What is Jiangsu Seagull Cooling Tower 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. Jiangsu Seagull Cooling Tower Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥282 Mil. Jiangsu Seagull Cooling Tower Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥1,507 Mil. Jiangsu Seagull Cooling Tower Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Seagull Cooling Tower Co's Days Inventory for the three months ended in Jun. 2024 was 487.65.

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. Jiangsu Seagull Cooling Tower Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 4.00.

Jiangsu Seagull Cooling Tower Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Seagull Cooling Tower 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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Jiangsu Seagull Cooling Tower Co Inventory Turnover Chart

Jiangsu Seagull Cooling Tower Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.03

1.01

1.03

0.89

Jiangsu Seagull Cooling Tower Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.22	0.19	0.27	0.14	0.19

Jiangsu Seagull Cooling Tower Co Inventory Turnover Calculation

Jiangsu Seagull Cooling Tower 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 )
=	984.182	/ (	(1019.713	+	1188.824)	/	2 )
=	984.182	/	1104.2685
=	0.89

Jiangsu Seagull Cooling Tower Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	281.94	/ (	(1579.357	+	1434.097)	/	2 )
=	281.94	/	1506.727
=	0.19

Jiangsu Seagull Cooling Tower Co (SHSE:603269) 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.

Jiangsu Seagull Cooling Tower Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1506.727	/	281.94	*	365 / 4
	=	487.65

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.

Jiangsu Seagull Cooling Tower Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1506.727	/	377.042
	=	4.00

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.

Jiangsu Seagull Cooling Tower Co Inventory Turnover Related Terms

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Jiangsu Seagull Cooling Tower Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Seagull Cooling Tower Co Ltd (SHSE:603269) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.16,Xiangyun Road, Wujin Economic Development Zone, Jiangsu Province, Changhzou, CHN, 213149

Website

http://www.seagull-ct.com

Jiangsu Seagull Cooling Tower Co Ltd is mainly engaged in the research, development, design, manufacture and installation of industrial cooling towers in China. Its main products are mechanical ventilation cooling towers, including: conventional cooling towers (including steel Mixed-structure tower, FRP tower and steel tower), open-type environmentally-friendly and energy-saving cooling tower (including water-saving tower, anti-fog tower, and noise reduction tower).

Executives

Liu Jian Zhong	senior management
Chen Jian	senior management
Xu Zhi Jun	Directors, senior managers
Bao Bing Guo	senior management
Wu Zhu Ping	Directors, senior managers
Pan Wei Rong	senior management
Liu Li	Directors, senior managers
Yang Hua	Directors, senior managers
Wang Gen Hong	Supervisors
Jin Ao Da	Director
Yang Zhi Jie	senior management
Liu Zhi Zheng	Supervisors
Jiang Ren Xi	Directors, senior managers

Jiangsu Seagull Cooling Tower Co Headlines

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