Xiandai Investment Co (SZSE:000900) Inventory Turnover : 1.79 (As of Mar. 2024)

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What is Xiandai Investment Co 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. Xiandai Investment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥883 Mil. Xiandai Investment Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥493 Mil. Xiandai Investment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiandai Investment Co's Days Inventory for the three months ended in Mar. 2024 was 50.95.

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. Xiandai Investment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Xiandai Investment Co Inventory Turnover Historical Data

The historical data trend for Xiandai Investment Co'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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Xiandai Investment Co Inventory Turnover Chart

Xiandai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.87

15.84

20.71

30.13

25.03

Xiandai Investment Co 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															4.35	3.16	2.30	3.19	1.79

Xiandai Investment Co Inventory Turnover Calculation

Xiandai Investment Co'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 )
=	6081.907	/ (	(268.095	+	217.803)	/	2 )
=	6081.907	/	242.949
=	25.03

Xiandai Investment Co'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 )
=	882.966	/ (	(217.803	+	768.143)	/	2 )
=	882.966	/	492.973
=	1.79

Xiandai Investment Co (SZSE:000900) 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.

Xiandai Investment Co'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
	=	492.973	/	882.966	*	365 / 4
	=	50.95

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.

Xiandai Investment Co'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 )
	=	492.973	/	1467.514
	=	0.34

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.

Xiandai Investment Co Inventory Turnover Related Terms

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Xiandai Investment Co (SZSE:000900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xiandai Investment Co Ltd (SZSE:000900) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Furong South Road, Modern Plaza, No. 128, Section 2, Tianxin District, Hunan, Changsha, CHN, 410004

Website

http://www.xdtz.net

Xiandai Investment Co Ltd constructs operates and manages highway in China. The company is also involved in futures trading, finance investment and real estate activities.

Executives

Chen Min	Supervisors
Du Ming Hui	Executives
Yuan Yu	Director
Yan Ru Yi	Executives
Bao Qun	Director
Zhang Ning	Executives
Liu Zhong	Supervisors
Ma Yu Guo	Secretary Dong
Jin Yong	Director
Xiao He Sheng	Supervisors
Liu Gui Liang	Director
Song Wei Jie	Director
Liu Yu Xin	Executives
Tian Ying Ming	Supervisors
Liu Chu Ping	Directors, executives

Xiandai Investment Co (SZSE:000900) Headlines

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