Wuxi Delinhai Environmental Technology Co (SHSE:688069) Inventory Turnover : 0.30 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Wuxi Delinhai Environmental Technology 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. Wuxi Delinhai Environmental Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥19.3 Mil. Wuxi Delinhai Environmental Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥63.9 Mil. Wuxi Delinhai Environmental Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuxi Delinhai Environmental Technology Co's Days Inventory for the three months ended in Mar. 2024 was 302.71.

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. Wuxi Delinhai Environmental Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.67.

Wuxi Delinhai Environmental Technology Co Inventory Turnover Historical Data

The historical data trend for Wuxi Delinhai Environmental Technology 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.

* Premium members only.

Wuxi Delinhai Environmental Technology Co Inventory Turnover Chart

Wuxi Delinhai Environmental Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.50

5.82

4.95

3.32

2.77

Wuxi Delinhai Environmental Technology 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															0.15	0.46	0.30	1.30	0.30

Wuxi Delinhai Environmental Technology Co Inventory Turnover Calculation

Wuxi Delinhai Environmental Technology 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 )
=	193.848	/ (	(91.953	+	48.208)	/	2 )
=	193.848	/	70.0805
=	2.77

Wuxi Delinhai Environmental Technology 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 )
=	19.268	/ (	(48.208	+	79.629)	/	2 )
=	19.268	/	63.9185
=	0.30

Wuxi Delinhai Environmental Technology Co (SHSE:688069) 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.

Wuxi Delinhai Environmental Technology 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
	=	63.9185	/	19.268	*	365 / 4
	=	302.71

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.

Wuxi Delinhai Environmental Technology 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 )
	=	63.9185	/	38.244
	=	1.67

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.

Wuxi Delinhai Environmental Technology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Wuxi Delinhai Environmental Technology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Wuxi Delinhai Environmental Technology Co (SHSE:688069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Delinhai Environmental Technology Co Ltd (SHSE:688069) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 88 Meiliang Road, Binhu District, Jiangsu Province, Wuxi, CHN, 214092

Website

http://www.wxdlh.com

Wuxi Delinhai Environmental Technology Co Ltd is engaged in provision of emergency treatment of cyanobacteria blooms in lakes and reservoirs, and prevention and control of cyanobacteria blooms. The company develops, sells and integrates cyanobacteria in accordance with the government's dual public demand for lake and reservoir cyanobacteria control provides operation and maintenance technology equipment and professional operation and maintenance services for algae water separation station and other cyanobacteria treatment technology equipment.

Executives

Hu Hang Yu	Supervisors
Sun Yang	Director, core technical staff
Ma Jian Hua	Directors, senior managers
Hu Ming Ming	Directors, senior managers, core technical personn
Ding Xi Qing	senior management

Wuxi Delinhai Environmental Technology Co (SHSE:688069) Headlines

No Headlines