China Automotive Systems (STU:RYV) Inventory Turnover : 1.04 (As of Mar. 2024)

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What is China Automotive Systems 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. China Automotive Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was €106.1 Mil. China Automotive Systems's Average Total Inventories for the quarter that ended in Mar. 2024 was €101.7 Mil. China Automotive Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Automotive Systems's Days Inventory for the three months ended in Mar. 2024 was 87.47.

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. China Automotive Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

China Automotive Systems Inventory Turnover Historical Data

The historical data trend for China Automotive Systems'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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China Automotive Systems Inventory Turnover Chart

China Automotive Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.36

4.05

4.29

4.03

4.15

China Automotive Systems Quarterly Data
	Jun19	Sep19	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															1.10	1.11	1.12	1.14	1.04

China Automotive Systems Inventory Turnover Calculation

China Automotive Systems'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 )
=	433.377	/ (	(105.951	+	103.063)	/	2 )
=	433.377	/	104.507
=	4.15

China Automotive Systems'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 )
=	106.099	/ (	(103.063	+	100.355)	/	2 )
=	106.099	/	101.709
=	1.04

China Automotive Systems (STU:RYV) 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.

China Automotive Systems'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
	=	101.709	/	106.099	*	365 / 4
	=	87.47

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.

China Automotive Systems'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 )
	=	101.709	/	128.242
	=	0.79

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.

China Automotive Systems Inventory Turnover Related Terms

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China Automotive Systems (STU:RYV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Systems Inc (STU:RYV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CAAS:USA RYV:Germany

Address

No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000

Website

http://www.caasauto.com

China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of revenue from China.

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