Guoguang Electric Co Chengdu (SHSE:688776) Inventory Turnover : 0.39 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Guoguang Electric Co Chengdu 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. Guoguang Electric Co Chengdu's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥94.2 Mil. Guoguang Electric Co Chengdu's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥239.1 Mil. Guoguang Electric Co Chengdu's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guoguang Electric Co Chengdu's Days Inventory for the three months ended in Mar. 2024 was 231.60.

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. Guoguang Electric Co Chengdu's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.50.

Guoguang Electric Co Chengdu Inventory Turnover Historical Data

The historical data trend for Guoguang Electric Co Chengdu'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.

Guoguang Electric Co Chengdu Inventory Turnover Chart

Guoguang Electric Co Chengdu Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.25

1.44

1.65

2.67

2.11

Guoguang Electric Co Chengdu Quarterly Data
	Dec17	Dec18	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															0.44	0.81	0.38	0.41	0.39

Guoguang Electric Co Chengdu Inventory Turnover Calculation

Guoguang Electric Co Chengdu'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 )
=	521.727	/ (	(248.927	+	245.427)	/	2 )
=	521.727	/	247.177
=	2.11

Guoguang Electric Co Chengdu'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 )
=	94.216	/ (	(245.427	+	232.829)	/	2 )
=	94.216	/	239.128
=	0.39

Guoguang Electric Co Chengdu (SHSE:688776) 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.

Guoguang Electric Co Chengdu'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
	=	239.128	/	94.216	*	365 / 4
	=	231.60

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.

Guoguang Electric Co Chengdu'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 )
	=	239.128	/	159.182
	=	1.50

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.

Guoguang Electric Co Chengdu Inventory Turnover Related Terms

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

Guoguang Electric Co Chengdu (SHSE:688776) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guoguang Electric Co Ltd Chengdu (SHSE:688776) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.117 Xingguang West Road, Chengdu Economic and Technological Development Zone, Sichuan Province, Chengdu, CHN, 610100

Website

http://www.chinaguoguang.com

Guoguang Electric Co Ltd Chengdu is engaged in the research and development, production and sales of vacuum and microwave application products.

Guoguang Electric Co Chengdu (SHSE:688776) Headlines

No Headlines