Shanghai Golden Bridge InfoTech Co (SHSE:603918) Inventory Turnover : 0.45 (As of Sep. 2024)

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What is Shanghai Golden Bridge InfoTech 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. Shanghai Golden Bridge InfoTech Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥137.1 Mil. Shanghai Golden Bridge InfoTech Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥303.5 Mil. Shanghai Golden Bridge InfoTech Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Golden Bridge InfoTech Co's Days Inventory for the three months ended in Sep. 2024 was 201.96.

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. Shanghai Golden Bridge InfoTech Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.72.

Shanghai Golden Bridge InfoTech Co Inventory Turnover Historical Data

The historical data trend for Shanghai Golden Bridge InfoTech 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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Shanghai Golden Bridge InfoTech Co Inventory Turnover Chart

Shanghai Golden Bridge InfoTech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.91

1.82

2.31

2.20

2.87

Shanghai Golden Bridge InfoTech 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															0.56	0.99	0.18	0.30	0.45

Shanghai Golden Bridge InfoTech Co Inventory Turnover Calculation

Shanghai Golden Bridge InfoTech 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 )
=	644.995	/ (	(239.933	+	210.194)	/	2 )
=	644.995	/	225.0635
=	2.87

Shanghai Golden Bridge InfoTech 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 )
=	137.125	/ (	(292.255	+	314.722)	/	2 )
=	137.125	/	303.4885
=	0.45

Shanghai Golden Bridge InfoTech Co (SHSE:603918) 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.

Shanghai Golden Bridge InfoTech 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
	=	303.4885	/	137.125	*	365 / 4
	=	201.96

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.

Shanghai Golden Bridge InfoTech 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 )
	=	303.4885	/	176.839
	=	1.72

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.

Shanghai Golden Bridge InfoTech Co Inventory Turnover Related Terms

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Shanghai Golden Bridge InfoTech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Golden Bridge InfoTech Co Ltd (SHSE:603918) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gem park, 487 Tianlin Road, Building 25, 24th Floor, Xuhui District, Shanghai, CHN, 200233

Website

http://www.shgbit.com

Shanghai Golden Bridge InfoTech Co Ltd is a China-based provider of multimedia information systems industry application solutions and services. The Company's products include multimedia conferencing systems, emergency command centers, science, and technology court system.

Executives

Yang Jia Hua	senior management
Wang Feng	senior management
Qian Hui Ping	senior management
Wang Kun	Director
Wang Hao Ying	Supervisors
Shou Zou	Director
Jin Shi Ping	Director
Liu Yang	Directors, senior managers
Gao Dong Dong	senior management
Yan Zhen Fang	Directors, senior managers
Wu Zhi Xiong	Director
Zhang Bing Ye	Supervisors
Shen Ying Hua	Director
Li Zhi Ming	senior management
Zhou Zhe	Director

Shanghai Golden Bridge InfoTech Co Headlines

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