Greatoo Intelligent Equipment (SZSE:002031) Inventory Turnover : 0.75 (As of Jun. 2024)

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What is Greatoo Intelligent Equipment 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. Greatoo Intelligent Equipment's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥306.0 Mil. Greatoo Intelligent Equipment's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥410.4 Mil. Greatoo Intelligent Equipment's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greatoo Intelligent Equipment's Days Inventory for the three months ended in Jun. 2024 was 122.40.

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. Greatoo Intelligent Equipment's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.06.

Greatoo Intelligent Equipment Inventory Turnover Historical Data

The historical data trend for Greatoo Intelligent Equipment'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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Greatoo Intelligent Equipment Inventory Turnover Chart

Greatoo Intelligent Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.42

1.64

2.82

1.92

1.99

Greatoo Intelligent Equipment Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.45	0.35	0.64	0.35	0.75

Greatoo Intelligent Equipment Inventory Turnover Calculation

Greatoo Intelligent Equipment'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 )
=	684.653	/ (	(360.111	+	326.37)	/	2 )
=	684.653	/	343.2405
=	1.99

Greatoo Intelligent Equipment's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	305.975	/ (	(409.865	+	410.975)	/	2 )
=	305.975	/	410.42
=	0.75

Greatoo Intelligent Equipment (SZSE:002031) 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.

Greatoo Intelligent Equipment's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	410.42	/	305.975	*	365 / 4
	=	122.40

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.

Greatoo Intelligent Equipment's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	410.42	/	387.829
	=	1.06

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.

Greatoo Intelligent Equipment Inventory Turnover Related Terms

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Greatoo Intelligent Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Greatoo Intelligent Equipment Inc (SZSE:002031) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Jiedong Economic Development Zone, Jiedong, Guangdong, CHN, 515500

Website

http://www.greatoo.com

Greatoo Intelligent Equipment Inc primarily researches, invents and produces radial tire molds. It develops tire molds, hydraulic curing presses, precision machine tools and industrial robots, with main products like radial segmented molds and two-piece mold, giant industrial segmented tire molds, hydraulic curing presses of various types, light and heavy industrial robots and precision machine tools. Geographically, the company's products are sold in many countries and religions such as America, Europe, Southeast Asia and South America.

Executives

Lin Rui Bo	Directors, executives
Wu Chao Zhong	Director
Li Li Xuan	Director
Zheng Xu Xu	Directors, executives
Wu Hao	Directors, Directors, and Executives
Wu Ying Xiong	Executives
Xu Guang Ju	Executives
Chen Qing Xiang	Executives
Zhang Jin Fang	Executives
Ceng Xu Zhao	Executives
Zhang Shi Qin	Executives
Yang Chuan Kai	Directors, Directors, and Executives
Chen Xiao Fen	Executives
Hong Hui Ping	Director
Chen Zhi Yong	Executives

Greatoo Intelligent Equipment Headlines

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