Alpha Group (SZSE:002292) Inventory Turnover : 0.59 (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Alpha 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. Alpha Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥361 Mil. Alpha Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥611 Mil. Alpha Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alpha Group's Days Inventory for the three months ended in Mar. 2024 was 154.51.

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. Alpha Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

Alpha Group Inventory Turnover Historical Data

The historical data trend for Alpha 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.

* Premium members only.

Alpha Group Inventory Turnover Chart

Alpha Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.67

1.83

2.37

2.31

2.34

Alpha 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															0.49	0.59	0.63	0.70	0.59

Alpha Group Inventory Turnover Calculation

Alpha 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 )
=	1705.69	/ (	(819.004	+	640.476)	/	2 )
=	1705.69	/	729.74
=	2.34

Alpha 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 )
=	360.626	/ (	(640.476	+	580.791)	/	2 )
=	360.626	/	610.6335
=	0.59

Alpha Group (SZSE:002292) 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.

Alpha 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
	=	610.6335	/	360.626	*	365 / 4
	=	154.51

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.

Alpha 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 )
	=	610.6335	/	650.411
	=	0.94

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.

Alpha Group Inventory Turnover Related Terms

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

Alpha Group (SZSE:002292) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alpha Group (SZSE:002292) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Park, Wendang Road, Chenghai District, Guangdong Province, Shantou, CHN

Website

http://www.gdalpha.com

Alpha Group produces animated movies and television series as well as producing and distributing toys. It designs, develops, manufactures, and operates competitive toys, remote-controlled toys, and smart digital series and girl toy series. The company conducts its business in the Chinese and international markets.

Executives

Cai Dong Qing	Director
Cai Xiao Dong	Directors, executives
Hu Hua	Executives
Liu Zhen Dong	Executives
Chen De Rong	Executives
Cai Li Dong	Executives

Alpha Group (SZSE:002292) Headlines

No Headlines