Beijing Navigation Control Technology Co (SHSE:688282) Inventory Turnover : 0.02 (As of Jun. 2024)

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What is Beijing Navigation Control 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. Beijing Navigation Control Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥2.37 Mil. Beijing Navigation Control Technology Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥100.52 Mil. Beijing Navigation Control Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Navigation Control Technology Co's Days Inventory for the three months ended in Jun. 2024 was 3,874.96.

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. Beijing Navigation Control Technology Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 52.63.

Beijing Navigation Control Technology Co Inventory Turnover Historical Data

The historical data trend for Beijing Navigation Control 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.

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Beijing Navigation Control Technology Co Inventory Turnover Chart

Beijing Navigation Control Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.60

2.53

2.80

1.92

0.42

Beijing Navigation Control Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial														0.02	0.11	0.15	0.15	0.02

Beijing Navigation Control Technology Co Inventory Turnover Calculation

Beijing Navigation Control 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 )
=	21.18	/ (	(42.209	+	57.506)	/	2 )
=	21.18	/	49.8575
=	0.42

Beijing Navigation Control Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	2.367	/ (	(62.186	+	138.845)	/	2 )
=	2.367	/	100.5155
=	0.02

Beijing Navigation Control Technology Co (SHSE:688282) 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.

Beijing Navigation Control Technology Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	100.5155	/	2.367	*	365 / 4
	=	3,874.96

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.

Beijing Navigation Control Technology Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	100.5155	/	1.91
	=	52.63

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.

Beijing Navigation Control Technology Co Inventory Turnover Related Terms

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Beijing Navigation Control Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Navigation Control Technology Co Ltd (SHSE:688282) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 97, Changping Road, Room 101, Building 7, Shahe Town, Changping District, Beijing, CHN, 102206

Website

http://www.bitnavi.cn

Beijing Navigation Control Technology Co Ltd is engaged in the research and developement, production and sales of inertial navigation systems and their core components.

Executives

Shen Jun	Senior management, core technical personnel
Shi Yong Sheng	Senior management, core technical personnel
Dong Ming Jie	Directors, senior managers, core technical personn
Gao Zhi Feng	Senior management, core technical personnel

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