Shenzhen Worldunion Group (SZSE:002285) Inventory Turnover : 31.54 (As of Mar. 2024)

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What is Shenzhen Worldunion Group 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. Shenzhen Worldunion Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥515 Mil. Shenzhen Worldunion Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥16 Mil. Shenzhen Worldunion Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 31.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Worldunion Group's Days Inventory for the three months ended in Mar. 2024 was 2.89.

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. Shenzhen Worldunion Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Shenzhen Worldunion Group Inventory Turnover Historical Data

The historical data trend for Shenzhen Worldunion Group'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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Shenzhen Worldunion Group Inventory Turnover Chart

Shenzhen Worldunion Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1,033.04

262.44

81.95

75.31

186.43

Shenzhen Worldunion Group 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															41.61	52.81	37.89	41.53	31.54

Shenzhen Worldunion Group Inventory Turnover Calculation

Shenzhen Worldunion Group'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 )
=	3073.369	/ (	(14.318	+	18.652)	/	2 )
=	3073.369	/	16.485
=	186.43

Shenzhen Worldunion Group'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 )
=	515.401	/ (	(18.652	+	14.03)	/	2 )
=	515.401	/	16.341
=	31.54

Shenzhen Worldunion Group (SZSE:002285) 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.

Shenzhen Worldunion Group'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
	=	16.341	/	515.401	*	365 / 4
	=	2.89

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.

Shenzhen Worldunion Group'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 )
	=	16.341	/	533.758
	=	0.03

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.

Shenzhen Worldunion Group Inventory Turnover Related Terms

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Shenzhen Worldunion Group (SZSE:002285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Worldunion Group Inc (SZSE:002285) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

2028 Shennan East Road, 12th Floor, Golden Business Centre, Guangdong, Shenzhen, CHN, 518001

Website

http://www.worldunion.com.cn

Shenzhen Worldunion Group Inc is a China-based consulting company specialized in the real estate industry. It also provides Consulting, Agency marketing, Financial Services, and Asset services. The company operates mainly within domestic markets.

Executives

Yuan Hong Chang	Supervisors
Li Rong	Executives
Zhu Min	Directors, executives
Ji Ru Jin	Supervisors
Fan Ying	Directors, executives
Wang Wei	Executives
Jiao An Ping	Executives
Chen Jin Song	Director
Wang Hai Chen	Executives
Teng Bai Song	Supervisors
Zhou Xiao Hua	Director
Wang Zheng Yu	Executives
Lin Wei	Executives
Mo Tian Quan	Director
Xing Bai Jing	Executives

Shenzhen Worldunion Group (SZSE:002285) Headlines

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