Beijing Zhongkenhuan High-tech Co (SZSE:000970) Inventory Turnover : 0.49 (As of Mar. 2024)

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What is Beijing Zhongkenhuan High-tech 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. Beijing Zhongkenhuan High-tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,493 Mil. Beijing Zhongkenhuan High-tech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,050 Mil. Beijing Zhongkenhuan High-tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Zhongkenhuan High-tech Co's Days Inventory for the three months ended in Mar. 2024 was 186.42.

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. Beijing Zhongkenhuan High-tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.85.

Beijing Zhongkenhuan High-tech Co Inventory Turnover Historical Data

The historical data trend for Beijing Zhongkenhuan High-tech 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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Beijing Zhongkenhuan High-tech Co Inventory Turnover Chart

Beijing Zhongkenhuan High-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.27

2.71

2.67

2.44

2.15

Beijing Zhongkenhuan High-tech 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															0.54	0.55	0.59	0.55	0.49

Beijing Zhongkenhuan High-tech Co Inventory Turnover Calculation

Beijing Zhongkenhuan High-tech 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 )
=	7296.177	/ (	(3513.811	+	3269.353)	/	2 )
=	7296.177	/	3391.582
=	2.15

Beijing Zhongkenhuan High-tech 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 )
=	1493.153	/ (	(3269.353	+	2831.6)	/	2 )
=	1493.153	/	3050.4765
=	0.49

Beijing Zhongkenhuan High-tech Co (SZSE:000970) 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.

Beijing Zhongkenhuan High-tech 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
	=	3050.4765	/	1493.153	*	365 / 4
	=	186.42

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.

Beijing Zhongkenhuan High-tech 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 )
	=	3050.4765	/	1651.965
	=	1.85

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.

Beijing Zhongkenhuan High-tech Co Inventory Turnover Related Terms

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Beijing Zhongkenhuan High-tech Co (SZSE:000970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Zhongke Sanhuan High-tech Co Ltd (SZSE:000970) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

27th Floor, Building A, No.66 East Road, Zhong Guan Cun, Haidian District, Beijing, CHN, 100190

Website

http://www.san-huan.com.cn

Beijing Zhongke Sanhuan High-tech Co Ltd is a high technology company. It is engaged in researching, developing, manufacturing and marketing magnetic materials and its application devices. Its main products cover sintered Nd-Fe-B magnets, soft ferrites, and electric bicycles. The company's products are widely used in many fields, such as the automobile, household appliance, energy, computer, communication and medical care.

Executives

Liu Fang	Executives
Liu Ying Min	Supervisors
Li Ling	Director
Rao Xiao Lei	Executives
Li Da Jun	Executives
Ma Jian	Executives
Hu Bo Ping	Director
Zhao Yu Gang	Supervisors
Yao Gang	Executives
Zhao Yin Peng	Directors, executives
Wang Zhen Xi	Director
Zhang Wei	Supervisors
Tian Wen Bin	Securities Affairs Representative
Li Jing Hong	Executives
Chen Jian Hua	Director

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