Niu Technologies (STU:0O9) Inventory Turnover : 0.98 (As of Dec. 2023)

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What is Niu Technologies 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. Niu Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was €49.8 Mil. Niu Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was €50.7 Mil. Niu Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Niu Technologies's Days Inventory for the three months ended in Dec. 2023 was 92.92.

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. Niu Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.82.

Niu Technologies Inventory Turnover Historical Data

The historical data trend for Niu Technologies'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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Niu Technologies Inventory Turnover Chart

Niu Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.93

11.62

14.52

7.20

5.00

Niu Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.07	0.77	1.53	1.87	0.98

Niu Technologies Inventory Turnover Calculation

Niu Technologies'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 )
=	267.259	/ (	(56.465	+	50.445)	/	2 )
=	267.259	/	53.455
=	5.00

Niu Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	49.797	/ (	(50.971	+	50.445)	/	2 )
=	49.797	/	50.708
=	0.98

Niu Technologies (STU:0O9) 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.

Niu Technologies's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	50.708	/	49.797	*	365 / 4
	=	92.92

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.

Niu Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	50.708	/	61.477
	=	0.82

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.

Niu Technologies Inventory Turnover Related Terms

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Niu Technologies (STU:0O9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Niu Technologies (STU:0O9) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NIU:USA 0O9:Germany

Address

No. 195 Huilongguan East Road, No.1 Building, Changping District, Beijing, CHN, 102208

Website

https://www.niu.com

Niu Technologies designs, manufactures and sells high-performance electric motorcycles, scooters, bicycles, and kick-scooters. The company has a product portfolio consisting of ten series, four electric scooter series, including NQi, MQi, UQi, and Gova, two urban commuter electric motorcycle series RQi and TQi, a hybrid motorcycles series YQi, a performance electric bicycle series, NIU Aero, and two micro-mobility series, the kick-scooter series, KQi, and the e-bike series, BQi. The group's principal operations and geographic markets are mainly in the People's Republic of China.

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