Tecon Biology Co (SZSE:002100) Inventory Turnover : 0.71 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Tecon Biology 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. Tecon Biology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,309 Mil. Tecon Biology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥4,647 Mil. Tecon Biology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tecon Biology Co's Days Inventory for the three months ended in Mar. 2024 was 128.15.

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. Tecon Biology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.23.

Tecon Biology Co Inventory Turnover Historical Data

The historical data trend for Tecon Biology 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.

* Premium members only.

Tecon Biology Co Inventory Turnover Chart

Tecon Biology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.00

1.88

2.52

2.70

3.49

Tecon Biology 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															0.55	0.86	1.30	1.12	0.71

Tecon Biology Co Inventory Turnover Calculation

Tecon Biology 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 )
=	18469.449	/ (	(6042.167	+	4554.052)	/	2 )
=	18469.449	/	5298.1095
=	3.49

Tecon Biology 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 )
=	3309.035	/ (	(4554.052	+	4740.192)	/	2 )
=	3309.035	/	4647.122
=	0.71

Tecon Biology Co (SZSE:002100) 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.

Tecon Biology 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
	=	4647.122	/	3309.035	*	365 / 4
	=	128.15

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.

Tecon Biology 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 )
	=	4647.122	/	3776.852
	=	1.23

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.

Tecon Biology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Tecon Biology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Tecon Biology Co (SZSE:002100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tecon Biology Co Ltd (SZSE:002100) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

High-tech Zone in Changchun Road, 528 Tiankang Business Building, Xinjiang, Urumqi, CHN, 830011

Website

http://www.tcsw.com.cn

Tecon Biology Co Ltd is engaged in the production and sales of veterinary biological products and animal disease prevention, modern pig science breeding and breeding, feed research and development and production, and pig slaughtering and processing. The company mainly operates its businesses within domestic markets, with Xinjiang Province as its main market.

Executives

Wang Xiao	Supervisors
Pan Yi Ping	Executives
Xu Heng	Executives
Wu Xiang Yong	Director
Sun Wei Hong	Independent director
Wu Ming Qi	Executives
Wang Xin An	Director
Geng Li Xin	Directors, executives
Che Xin Hui	Supervisors

Tecon Biology Co (SZSE:002100) Headlines

No Headlines