Qi An Xin Technology Group (SHSE:688561) Inventory Turnover : 0.52 (As of Sep. 2024)

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What is Qi An Xin Technology Group 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. Qi An Xin Technology Group's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥432 Mil. Qi An Xin Technology Group's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥835 Mil. Qi An Xin Technology Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qi An Xin Technology Group's Days Inventory for the three months ended in Sep. 2024 was 176.31.

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. Qi An Xin Technology Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.90.

Qi An Xin Technology Group Inventory Turnover Historical Data

The historical data trend for Qi An Xin Technology Group'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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Qi An Xin Technology Group Inventory Turnover Chart

Qi An Xin Technology Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.01

2.48

3.27

2.73

2.66

Qi An Xin Technology Group 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															0.61	0.92	0.32	0.61	0.52

Qi An Xin Technology Group Inventory Turnover Calculation

Qi An Xin Technology Group'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 )
=	2230.166	/ (	(809.053	+	867.566)	/	2 )
=	2230.166	/	838.3095
=	2.66

Qi An Xin Technology Group'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 )
=	432.11	/ (	(802.766	+	867.021)	/	2 )
=	432.11	/	834.8935
=	0.52

Qi An Xin Technology Group (SHSE:688561) 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.

Qi An Xin Technology Group'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
	=	834.8935	/	432.11	*	365 / 4
	=	176.31

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.

Qi An Xin Technology Group'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 )
	=	834.8935	/	927.474
	=	0.90

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.

Qi An Xin Technology Group Inventory Turnover Related Terms

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Qi An Xin Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qi An Xin Technology Group Inc (SHSE:688561) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, 26 of Xizhimenwai South Road, Qianxin Security Center, Xicheng District, Beijing, CHN

Website

https://en.qianxin.com

Qi An Xin Technology Group Inc provides a new generation of enterprise-level network security products and services to government and corporate customers.

Executives

Gu Yong Xiang	Core technical personnel
Ma Jiang Bo	Core technical personnel
Liu Hao	Core technical personnel
Liu Yan	Core technical personnel
Tang Di Bin	Core technical personnel
Ji Yan Min	Core technical personnel
Xu Gui Bin	Senior management, core technical personnel
Ma Lei Si	senior management
Ye Sheng	Core technical personnel
Yang Hong Peng	Directors, senior managers
Wu Yun Kun	Directors, senior managers, core technical personn
Liu Hong Jin	senior management
He Xin Fei	senior management
Zuo Wen Jian	Senior management, core technical personnel
Fan Jun Cheng	Core technical personnel

Qi An Xin Technology Group Headlines

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