QuMei Home Furnishings Group Co (SHSE:603818) Inventory Turnover: 0.91 (As of Mar. 2026)

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SHSE:603818 QuMei Home Furnishings Group Co Ltd SHSE:603818
51 GF Score
Price ¥3.50
GF Value ¥3.70
Valuation Fairly Valued
! 7 Warning Signs
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What is QuMei Home Furnishings Group Co Inventory Turnover?

QuMei Home Furnishings Group Co SHSE:603818 +2.34% 51 Inventory Turnover is 0.91 as of Mar. 2026. GuruFocus rates SHSE:603818 with a GF Score™ of 51/100 and a GF Value™ of ¥3.70 (Fairly Valued). The stock has 7 warning signs investors should review.

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. QuMei Home Furnishings Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥545 Mil. QuMei Home Furnishings Group Co's Average Total Inventories for the quarter that ended in Mar. 2026 was ¥601 Mil. QuMei Home Furnishings Group Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QuMei Home Furnishings Group Co's Days Inventory for the three months ended in Mar. 2026 was 100.72.

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. QuMei Home Furnishings Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.71.


QuMei Home Furnishings Group Co  (SHSE:603818) 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.

QuMei Home Furnishings Group Co's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=601.251/544.742*365 / 4
=100.72

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.

QuMei Home Furnishings Group Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=601.251 / 846.812
=0.71

* 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.


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.


QuMei Home Furnishings Group Co Inventory Turnover Related Terms


QuMei Home Furnishings Group Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for QuMei Home Furnishings 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.

QuMei Home Furnishings Group Co Inventory Turnover Chart

QuMei Home Furnishings Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 3.03 3.24 3.68 3.64

QuMei Home Furnishings Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 0.89 0.87 0.88 0.91
SHSE:603818
51GF Score
QuMei Home Furnishings Group Co Ltd SHSE:603818
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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QuMei Home Furnishings Group Co Inventory Turnover Calculation

QuMei Home Furnishings Group Co's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=2151.562 / ((585.264 + 596.986) / 2 )
=2151.562 / 591.125
=3.64

QuMei Home Furnishings Group Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=544.742 / ((596.986 + 605.516) / 2 )
=544.742 / 601.251
=0.91

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.91 mean?
QuMei Home Furnishings Group Co (SHSE:603818) has a Inventory Turnover of 0.91 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on QuMei Home Furnishings Group Co and its competitors.
Is QuMei Home Furnishings Group Co's Inventory Turnover too high?
QuMei Home Furnishings Group Co's current Inventory Turnover is 0.91. Overall, QuMei Home Furnishings Group Co has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does QuMei Home Furnishings Group Co's Inventory Turnover compare to SN and SGI?
QuMei Home Furnishings Group Co's Inventory Turnover of 0.91 can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Furnishings, Fixtures & Appliances company?
A good Inventory Turnover depends on the Furnishings, Fixtures & Appliances industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on QuMei Home Furnishings Group Co and its competitors. QuMei Home Furnishings Group Co's current Inventory Turnover is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QuMei Home Furnishings Group Co stock overvalued right now?
Based on GuruFocus' analysis, QuMei Home Furnishings Group Co (SHSE:603818) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.70, compared to a current price of ¥3.50 — trading 5.4% below its estimated fair value. The current Inventory Turnover is 0.91. QuMei Home Furnishings Group Co's overall GF Score™ is 51/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For QuMei Home Furnishings Group Co (SHSE:603818), the current Inventory Turnover is 0.91 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is QuMei Home Furnishings Group Co (SHSE:603818) Overvalued in 2026?

Based on GuruFocus' analysis, QuMei Home Furnishings Group Co stock appears to be undervalued. The current stock price of ¥3.50 is trading 5.4% below its estimated GF Value™ of ¥3.70. GuruFocus considers QuMei Home Furnishings Group Co to be Fairly Valued.

Key valuation signals for SHSE:603818:

  • Inventory Turnover: 0.91
  • GF Value™: ¥3.70 vs. price of ¥3.50 (5.4% below fair value)
  • GF Score™: 51/100 with 7 warning signs

No single metric tells the full story. See the SHSE:603818 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


QuMei Home Furnishings Group Co Business Description

Address No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102
QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.
51GF Score

Get the complete analysis for SHSE:603818

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥3.50
Price
¥3.70
GF Value