Guilin Tourism (SZSE:000978) Inventory Turnover : 12.39 (As of Mar. 2024)

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What is Guilin Tourism 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. Guilin Tourism's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥66.9 Mil. Guilin Tourism's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥5.4 Mil. Guilin Tourism's Inventory Turnover for the quarter that ended in Mar. 2024 was 12.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guilin Tourism's Days Inventory for the three months ended in Mar. 2024 was 7.36.

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. Guilin Tourism's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Guilin Tourism Inventory Turnover Historical Data

The historical data trend for Guilin Tourism'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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Guilin Tourism Inventory Turnover Chart

Guilin Tourism Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.41

16.48

47.45

39.88

56.06

Guilin Tourism 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															10.86	12.17	17.27	15.75	12.39

Guilin Tourism Inventory Turnover Calculation

Guilin Tourism'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 )
=	327.217	/ (	(6.091	+	5.582)	/	2 )
=	327.217	/	5.8365
=	56.06

Guilin Tourism'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 )
=	66.946	/ (	(5.582	+	5.221)	/	2 )
=	66.946	/	5.4015
=	12.39

Guilin Tourism (SZSE:000978) 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.

Guilin Tourism'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
	=	5.4015	/	66.946	*	365 / 4
	=	7.36

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.

Guilin Tourism'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 )
	=	5.4015	/	88.496
	=	0.06

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.

Guilin Tourism Inventory Turnover Related Terms

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Guilin Tourism (SZSE:000978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Guilin Tourism Corp Ltd (SZSE:000978) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27-2, Cuizhu Road, Guangxi, Guilin, CHN, 541002

Website

http://www.guilintravel.com

Guilin Tourism Corp Ltd is a China-based tourism company. It offers various travel related services including scenic spot, passenger and passenger transport, taxis, hotels, terminals, online tourism, cruise ship, and cultural performances. The company covers various tourist attractions in Guilin China including Danxia Hot Spring, resources Tianmen Mountain, lakes scenic spot, Hezhou Hot Spring and other scenic spots.

Executives

Ma De Hui	Director
Chen Luo Man	Executives
Zhou Mao Quan	Directors, executives
Liu Hong	Supervisors
Liu Xue Ming	Director
Li Fei Ying	Directors, executives
Sun Qi Zhao	Director
Xiao Di Bo	Directors, executives
Yin Lin	Director
Liu Tao	Director
Xie Xiang Yu	Directors, executives
Guo Heng Gui	Executives
Huang Xi Jun	Secretary Dong

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