Suzhou Kelida Building & Decoration Co (SHSE:603828) Inventory Turnover : 62.27 (As of Sep. 2024)

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What is Suzhou Kelida Building & Decoration 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. Suzhou Kelida Building & Decoration Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥491 Mil. Suzhou Kelida Building & Decoration Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥8 Mil. Suzhou Kelida Building & Decoration Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 62.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Kelida Building & Decoration Co's Days Inventory for the three months ended in Sep. 2024 was 1.47.

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. Suzhou Kelida Building & Decoration Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.01.

Suzhou Kelida Building & Decoration Co Inventory Turnover Historical Data

The historical data trend for Suzhou Kelida Building & Decoration 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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Suzhou Kelida Building & Decoration Co Inventory Turnover Chart

Suzhou Kelida Building & Decoration Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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50.76

93.75

207.81

136.52

154.57

Suzhou Kelida Building & Decoration Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															35.00	56.26	73.68	69.51	62.27

Suzhou Kelida Building & Decoration Co Inventory Turnover Calculation

Suzhou Kelida Building & Decoration 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 )
=	2210.111	/ (	(19.863	+	8.733)	/	2 )
=	2210.111	/	14.298
=	154.57

Suzhou Kelida Building & Decoration Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	491.066	/ (	(8.169	+	7.603)	/	2 )
=	491.066	/	7.886
=	62.27

Suzhou Kelida Building & Decoration Co (SHSE:603828) 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.

Suzhou Kelida Building & Decoration Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	7.886	/	491.066	*	365 / 4
	=	1.47

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.

Suzhou Kelida Building & Decoration Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	7.886	/	561.805
	=	0.01

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.

Suzhou Kelida Building & Decoration Co Inventory Turnover Related Terms

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Suzhou Kelida Building & Decoration Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Suzhou Kelida Building & Decoration Co Ltd (SHSE:603828) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Canal Road, High-tech Zone, Suzhou, CHN, 215011

Website

http://www.kldzs.com

Suzhou Kelida Building & Decoration Co Ltd is a China-based architectural decoration company. It is engaged in the design and construction of building walls and public building decoration works. The Company provides decoration work for airports, performing arts centers, and conference and sports centres.

Executives

Gu Jia	Director
He Li Min	senior management
Gu Long Di	Director
Zhao Xue Rong	senior management
Chen Feng	Directors, senior managers
Wang Jing	Directors, senior managers
Yuan Guo Feng	senior management
Xu Xing	senior management
Wu De Xuan	senior management
Gu Yi Ming	Director
Sun Zhen Hua	senior management
Lu Chong Ming	Directors, senior managers
Jiang Hai Feng	senior management
Wang Qiu Lin	Director
Wu De Xuan	senior management

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