Zhejiang Dun'An Artificial Environment Co (SZSE:002011) Inventory Turnover : 1.83 (As of Sep. 2024)

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What is Zhejiang Dun'An Artificial Environment 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. Zhejiang Dun'An Artificial Environment Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥2,435 Mil. Zhejiang Dun'An Artificial Environment Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1,332 Mil. Zhejiang Dun'An Artificial Environment Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Dun'An Artificial Environment Co's Days Inventory for the three months ended in Sep. 2024 was 49.93.

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. Zhejiang Dun'An Artificial Environment Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.45.

Zhejiang Dun'An Artificial Environment Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Dun'An Artificial Environment 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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Zhejiang Dun'An Artificial Environment Co Inventory Turnover Chart

Zhejiang Dun'An Artificial Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.85

5.55

6.07

6.20

7.24

Zhejiang Dun'An Artificial Environment Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.76	1.87	1.53	2.09	1.83

Zhejiang Dun'An Artificial Environment Co Inventory Turnover Calculation

Zhejiang Dun'An Artificial Environment 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 )
=	9197.924	/ (	(1261.798	+	1278.67)	/	2 )
=	9197.924	/	1270.234
=	7.24

Zhejiang Dun'An Artificial Environment Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	2434.698	/ (	(1354.254	+	1310.297)	/	2 )
=	2434.698	/	1332.2755
=	1.83

Zhejiang Dun'An Artificial Environment Co (SZSE:002011) 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.

Zhejiang Dun'An Artificial Environment Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1332.2755	/	2434.698	*	365 / 4
	=	49.93

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.

Zhejiang Dun'An Artificial Environment Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1332.2755	/	2990.037
	=	0.45

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.

Zhejiang Dun'An Artificial Environment Co Inventory Turnover Related Terms

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Zhejiang Dun'An Artificial Environment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Dun'An Artificial Environment Co Ltd (SZSE:002011) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Diankou Industrial Zone, Zhejiang Province, Zhuji, CHN, 310051

Website

http://www.dunan.net

Zhejiang Dun'An Artificial Environment Co Ltd is engaged in the manufacture and distribution of refrigeration auto control components and related products in China. It also provides integration of terminal equipment and renewable energy.

Executives

Xu Zhi Yang	Supervisors
Shen Wei Wu	Supervisors
Jin Xiao Feng	Director
Wang Xin	Independent director
Fan Gao Ding	Independent director
Ge Ya Fei	Director
Ni Hong Ru	Supervisors
Zhou Cai Liang	Director
Wang Jing	Securities Affairs Representative
He Xiao Mei	Executives, executives
Jiang Ting Hou	Executives, directors
Yu Bo	Directors, executives

Zhejiang Dun'An Artificial Environment Co Headlines

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