Guangzhou Zhiguang Electric Co (SZSE:002169) Inventory Turnover : 0.74 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Guangzhou Zhiguang Electric 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. Guangzhou Zhiguang Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥459 Mil. Guangzhou Zhiguang Electric Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥619 Mil. Guangzhou Zhiguang Electric Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Zhiguang Electric Co's Days Inventory for the three months ended in Mar. 2024 was 123.07.

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. Guangzhou Zhiguang Electric Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.17.

Guangzhou Zhiguang Electric Co Inventory Turnover Historical Data

The historical data trend for Guangzhou Zhiguang Electric 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.

Guangzhou Zhiguang Electric Co Inventory Turnover Chart

Guangzhou Zhiguang Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.93

4.38

3.45

4.12

4.09

Guangzhou Zhiguang Electric 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															0.63	1.27	0.73	1.11	0.74

Guangzhou Zhiguang Electric Co Inventory Turnover Calculation

Guangzhou Zhiguang Electric 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 )
=	2261.513	/ (	(504.989	+	601.369)	/	2 )
=	2261.513	/	553.179
=	4.09

Guangzhou Zhiguang Electric 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 )
=	458.757	/ (	(601.369	+	636.077)	/	2 )
=	458.757	/	618.723
=	0.74

Guangzhou Zhiguang Electric Co (SZSE:002169) 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.

Guangzhou Zhiguang Electric 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
	=	618.723	/	458.757	*	365 / 4
	=	123.07

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.

Guangzhou Zhiguang Electric 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 )
	=	618.723	/	526.847
	=	1.17

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.

Guangzhou Zhiguang Electric Co Inventory Turnover Related Terms

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

Guangzhou Zhiguang Electric Co (SZSE:002169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Zhiguang Electric Co Ltd (SZSE:002169) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 248 Wushan Road, Jinshan Building South Block, 3F, Tianhe District, Guangzhou, Guangdong, CHN, 510640

Website

http://www.gzzg.com.cn

Guangzhou Zhiguang Electric Co Ltd is an integrated energy technology and service provider. It is engaged in the research, development, design, manufacture, and sale of electrical control equipment. Its products and services include motor control, power control, power transmission, energy utilization and energy conversion. In addition, the company also provides integrated energy services and related technology.

Executives

Jiang Xin Yu	Executives
Lu Xiao Yang	Supervisors
Rui Dong Yang	Director
Han Wen	Supervisors
Zheng Xiao Jun	Director
Wang Sui Feng	Executives
Li Yong Xi	Director
Qiu Hua	Supervisors
Liu Yong	Supervisors
Yang Xu	Executives
Wang Wei Hong	Executives

Guangzhou Zhiguang Electric Co (SZSE:002169) Headlines

No Headlines