Aerospace CH UAV Co (SZSE:002389) Inventory Turnover : 0.37 (As of Mar. 2024)

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What is Aerospace CH UAV 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. Aerospace CH UAV Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥368 Mil. Aerospace CH UAV Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥993 Mil. Aerospace CH UAV Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aerospace CH UAV Co's Days Inventory for the three months ended in Mar. 2024 was 246.25.

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. Aerospace CH UAV Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.14.

Aerospace CH UAV Co Inventory Turnover Historical Data

The historical data trend for Aerospace CH UAV 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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Aerospace CH UAV Co Inventory Turnover Chart

Aerospace CH UAV Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.27

3.88

3.29

3.97

2.42

Aerospace CH UAV 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															0.50	0.59	0.46	0.82	0.37

Aerospace CH UAV Co Inventory Turnover Calculation

Aerospace CH UAV 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 )
=	2160.361	/ (	(792.261	+	995.225)	/	2 )
=	2160.361	/	893.743
=	2.42

Aerospace CH UAV 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 )
=	368.079	/ (	(995.225	+	991.416)	/	2 )
=	368.079	/	993.3205
=	0.37

Aerospace CH UAV Co (SZSE:002389) 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.

Aerospace CH UAV 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
	=	993.3205	/	368.079	*	365 / 4
	=	246.25

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.

Aerospace CH UAV 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 )
	=	993.3205	/	463.896
	=	2.14

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.

Aerospace CH UAV Co Inventory Turnover Related Terms

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Aerospace CH UAV Co (SZSE:002389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aerospace CH UAV Co Ltd (SZSE:002389) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Boulevard Development Zone, Taizhou, CHN, 318000

Website

http://www.nykj.cc

Aerospace CH UAV Co Ltd is engaged in the development, design, production, maintenance and sales of aviation, spacecraft and equipment, film for capacitors, optical grade polyester film, solar battery back film, packaging film, capacitor manufacturing, sales, aviation, spacecraft and equipment technical consulting services, equipment leasing, computer software design, research and development, installation, commissioning and technical services.

Executives

Qin Yong Ming	Director
Shao Yi Xing	Executives
Zhang Quan	Supervisors
Zhang Li Song	Supervisors
Li Feng	Director
Huang Guo Jiang	Director
Hu Xiao Feng	Director
Du Zhi Xi	Directors, executives
Hu Mei Xiao	Directors, executives
Hong Wei	Supervisors
Wang Yun Yan	Supervisors
Feng Xiao Yu	Director
Feng Hai Bin	Supervisors

Aerospace CH UAV Co (SZSE:002389) Headlines

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