Tongda Smart Tech (Xiamen) Co (SZSE:001368) Inventory Turnover : 1.61 (As of Mar. 2024)

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What is Tongda Smart Tech (Xiamen) 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. Tongda Smart Tech (Xiamen) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥168.7 Mil. Tongda Smart Tech (Xiamen) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥105.0 Mil. Tongda Smart Tech (Xiamen) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tongda Smart Tech (Xiamen) Co's Days Inventory for the three months ended in Mar. 2024 was 56.79.

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. Tongda Smart Tech (Xiamen) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Tongda Smart Tech (Xiamen) Co Inventory Turnover Historical Data

The historical data trend for Tongda Smart Tech (Xiamen) 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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Tongda Smart Tech (Xiamen) Co Inventory Turnover Chart

Tongda Smart Tech (Xiamen) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.57

5.88

6.02

6.27

6.16

Tongda Smart Tech (Xiamen) Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial									1.96	1.94	1.74	1.83	1.61

Tongda Smart Tech (Xiamen) Co Inventory Turnover Calculation

Tongda Smart Tech (Xiamen) 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 )
=	581.009	/ (	(87.921	+	100.589)	/	2 )
=	581.009	/	94.255
=	6.16

Tongda Smart Tech (Xiamen) 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 )
=	168.686	/ (	(100.589	+	109.384)	/	2 )
=	168.686	/	104.9865
=	1.61

Tongda Smart Tech (Xiamen) Co (SZSE:001368) 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.

Tongda Smart Tech (Xiamen) 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
	=	104.9865	/	168.686	*	365 / 4
	=	56.79

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.

Tongda Smart Tech (Xiamen) 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 )
	=	104.9865	/	236.457
	=	0.44

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.

Tongda Smart Tech (Xiamen) Co Inventory Turnover Related Terms

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Tongda Smart Tech (Xiamen) Co (SZSE:001368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tongda Smart Tech (Xiamen) Co Ltd (SZSE:001368) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 89 DingShan Middle Road, Dongfu Town, Fujian Province, Haicang District, Xiamen, CHN, 361027

Website

http://www.xmcz.cn

Tongda Smart Tech (Xiamen) Co Ltd is engaged in the research and development, production and sales of consumer products such as sports outdoor, home life, health care and others.

Tongda Smart Tech (Xiamen) Co (SZSE:001368) Headlines

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