Yunda Holding Co (SZSE:002120) Inventory Turnover : 39.01 (As of Sep. 2023)

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What is Yunda Holding 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. Yunda Holding Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥10,289 Mil. Yunda Holding Co's Average Total Inventories for the quarter that ended in Sep. 2023 was ¥264 Mil. Yunda Holding Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 39.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yunda Holding Co's Days Inventory for the three months ended in Sep. 2023 was 2.34.

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. Yunda Holding Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

Yunda Holding Co Inventory Turnover Historical Data

The historical data trend for Yunda Holding 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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Yunda Holding Co Inventory Turnover Chart

Yunda Holding Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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314.57

437.34

266.06

244.11

221.47

Yunda Holding Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															64.20	54.12	40.53	41.51	39.01

Yunda Holding Co Inventory Turnover Calculation

Yunda Holding Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	43101.686	/ (	(180.845	+	208.393)	/	2 )
=	43101.686	/	194.619
=	221.47

Yunda Holding Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	10289.072	/ (	(220.529	+	306.978)	/	2 )
=	10289.072	/	263.7535
=	39.01

Yunda Holding Co (SZSE:002120) 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.

Yunda Holding Co's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	263.7535	/	10289.072	*	365 / 4
	=	2.34

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.

Yunda Holding Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	263.7535	/	11261.168
	=	0.02

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.

Yunda Holding Co Inventory Turnover Related Terms

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Yunda Holding Co (SZSE:002120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yunda Holding Co Ltd (SZSE:002120) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No.8 South Yongqing Road, Chongshou Town, Cixi, Ningbo, CHN, 315300

Website

http://www.yundaex.com

Yunda is one of the "Tongdas", which refers to the top four national express delivery companies that adopt the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to its network partners for fees, while its local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect the customer payments. Unlike some other peers, Yunda controls 100% of its hub-level transit centers, ensuring higher quality assurance. The company was founded by couple Nie Tengyun and Chen Liying. Nie remains the Chairman and President, with a 54.8% stake as of Sept. 30, 2023. Yunda's strategic shareholder is leading China e-commerce company, Alibaba Group, with around a 1.99% interest.

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