Niutech Environment Technology (SHSE:688309) Inventory Turnover : 0.79 (As of Mar. 2025)

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What is Niutech Environment Technology 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. Niutech Environment Technology's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥40.8 Mil. Niutech Environment Technology's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥51.7 Mil. Niutech Environment Technology's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Niutech Environment Technology's Days Inventory for the three months ended in Mar. 2025 was 115.64.

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. Niutech Environment Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.84.

Niutech Environment Technology Inventory Turnover Historical Data

The historical data trend for Niutech Environment Technology'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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Niutech Environment Technology Inventory Turnover Chart

Niutech Environment Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.27

2.46

4.27

2.63

2.04

Niutech Environment Technology Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.18	0.31	0.31	1.01	0.79

Niutech Environment Technology Inventory Turnover Calculation

Niutech Environment Technology's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	91.164	/ (	(35.839	+	53.474)	/	2 )
=	91.164	/	44.6565
=	2.04

Niutech Environment Technology's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	40.829	/ (	(53.474	+	50.006)	/	2 )
=	40.829	/	51.74
=	0.79

Niutech Environment Technology (SHSE:688309) 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.

Niutech Environment Technology's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	51.74	/	40.829	*	365 / 4
	=	115.64

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.

Niutech Environment Technology's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	51.74	/	61.434
	=	0.84

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.

Niutech Environment Technology Inventory Turnover Related Terms

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Niutech Environment Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Niutech Environment Technology Corp (SHSE:688309) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 9889 Haitang Road, High-tech Zone, Shandong Province, Jinan, CHN, 250031

Website

http://www.niutech.com

Niutech Environment Technology Corp is engaged in organic waste cracking technology research and development and related equipment design, production and sales. The company specializes in high polymer waste, such as waste tyre, waste plastic, oil sludge, waste oil, biomass, hazard waste and municipal sludge Pyrolysis technology and equipment manufacturing and product sales.

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