Zotye Automobile Co (SZSE:000980) Inventory Turnover : 0.35 (As of Mar. 2024)

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What is Zotye Automobile 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. Zotye Automobile Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥101.3 Mil. Zotye Automobile Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥291.3 Mil. Zotye Automobile Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zotye Automobile Co's Days Inventory for the three months ended in Mar. 2024 was 262.32.

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. Zotye Automobile Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.57.

Zotye Automobile Co Inventory Turnover Historical Data

The historical data trend for Zotye Automobile 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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Zotye Automobile Co Inventory Turnover Chart

Zotye Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.65

1.61

2.46

2.88

2.78

Zotye Automobile 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															0.77	0.59	0.53	0.72	0.35

Zotye Automobile Co Inventory Turnover Calculation

Zotye Automobile 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 )
=	699.141	/ (	(207.05	+	296.526)	/	2 )
=	699.141	/	251.788
=	2.78

Zotye Automobile 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 )
=	101.331	/ (	(296.526	+	286.082)	/	2 )
=	101.331	/	291.304
=	0.35

Zotye Automobile Co (SZSE:000980) 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.

Zotye Automobile 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
	=	291.304	/	101.331	*	365 / 4
	=	262.32

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.

Zotye Automobile 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 )
	=	291.304	/	113.287
	=	2.57

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.

Zotye Automobile Co Inventory Turnover Related Terms

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Zotye Automobile Co (SZSE:000980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zotye Automobile Co Ltd (SZSE:000980) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Yongkang Economic Development Zone, Zhejiang, CHN, 321301

Website

http://www.zotye.com

Zotye Automobile Co Ltd is a China-based auto vehicle manufacturing company. The company is engaged in the business of research and development, manufacturing and sales of complete vehicles as the core business. The company owns automotive brands such as Zotye, Jiangnan, and Junma. The products of the company cover market segments such as cars, SUVs, MPVs, and new energy vehicles. It manufactures and distributes automobile instruments, security doors, and other automobile parts. The organization sells its vehicles in China and also exports it to other international countries.

Executives

Wang Lei	Executives
Xu Zi Jie	Supervisors
Wang Yu Mei	Executives
Fang Mao Jun	Executives
Yang Hai Feng	Secretary Dong
Yan Gen Shui	Directors, executives
Yu Bin	Directors, executives

Zotye Automobile Co (SZSE:000980) Headlines

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