Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) Inventory Turnover : 5.12 (As of Mar. 2024)

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What is Guangzhou Kingmed Diagnostics Group 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. Guangzhou Kingmed Diagnostics Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,250 Mil. Guangzhou Kingmed Diagnostics Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥244 Mil. Guangzhou Kingmed Diagnostics Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Kingmed Diagnostics Group Co's Days Inventory for the three months ended in Mar. 2024 was 17.81.

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. Guangzhou Kingmed Diagnostics Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

Guangzhou Kingmed Diagnostics Group Co Inventory Turnover Historical Data

The historical data trend for Guangzhou Kingmed Diagnostics 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.

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Guangzhou Kingmed Diagnostics Group Co Inventory Turnover Chart

Guangzhou Kingmed Diagnostics Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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21.33

21.46

21.59

23.46

16.60

Guangzhou Kingmed Diagnostics Group Co 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															3.76	4.70	4.84	5.67	5.12

Guangzhou Kingmed Diagnostics Group Co Inventory Turnover Calculation

Guangzhou Kingmed Diagnostics Group 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 )
=	5424.536	/ (	(405.255	+	248.207)	/	2 )
=	5424.536	/	326.731
=	16.60

Guangzhou Kingmed Diagnostics Group 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 )
=	1250.451	/ (	(248.207	+	239.988)	/	2 )
=	1250.451	/	244.0975
=	5.12

Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) 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.

Guangzhou Kingmed Diagnostics Group 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
	=	244.0975	/	1250.451	*	365 / 4
	=	17.81

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.

Guangzhou Kingmed Diagnostics Group 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 )
	=	244.0975	/	1841.261
	=	0.13

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.

Guangzhou Kingmed Diagnostics Group Co Inventory Turnover Related Terms

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Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Guangzhou Kingmed Diagnostics Group Co Ltd (SHSE:603882) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

International Biological Island spiral three on the 10th, Guangdong Province, Guangzhou, CHN, 510000

Website

http://www.kingmed.com.cn

Guangzhou Kingmed Diagnostics Group Co Ltd is a medical laboratory company. It is engaged in third-party medical testing and pathological diagnosis business. Further, it is also involved in clinical trials, food and hygiene testing, and scientific research service. Geographically, the business activities are carried out through China.

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