Navinfo Co (SZSE:002405) Inventory Turnover : 0.54 (As of Mar. 2024)

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What is Navinfo 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. Navinfo Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥442 Mil. Navinfo Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥817 Mil. Navinfo Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Navinfo Co's Days Inventory for the three months ended in Mar. 2024 was 168.60.

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. Navinfo Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.16.

Navinfo Co Inventory Turnover Historical Data

The historical data trend for Navinfo 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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Navinfo Co Inventory Turnover Chart

Navinfo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.76

6.04

4.67

3.20

2.62

Navinfo 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															0.43	0.53	0.57	0.81	0.54

Navinfo Co Inventory Turnover Calculation

Navinfo 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 )
=	2060.144	/ (	(695.234	+	879.93)	/	2 )
=	2060.144	/	787.582
=	2.62

Navinfo 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 )
=	442.255	/ (	(879.93	+	754.39)	/	2 )
=	442.255	/	817.16
=	0.54

Navinfo Co (SZSE:002405) 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.

Navinfo 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
	=	817.16	/	442.255	*	365 / 4
	=	168.60

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.

Navinfo 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 )
	=	817.16	/	707.34
	=	1.16

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.

Navinfo Co Inventory Turnover Related Terms

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Navinfo Co (SZSE:002405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Navinfo Co Ltd (SZSE:002405) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

South East of YongFeng Road and BeiQing Road Intersection, 3 -13th Floor, A Block, Navinfo Building, Haidian District, Beijing, CHN, 100094

Website

http://www.navinfo.com

Navinfo Co Ltd is one of the leading provider of digital map content, car connectivity and dynamic traffic information services, and location-based big data vertical application services. The company' products meet the needs of the automotive navigation, consumer electronics navigation, internet and mobile internet, government and corporate application.

Executives

Wan Tie Jun	Executives
Bi Lei	Directors, executives
Meng Qing Xin	Directors, executives
Liang Yong Jie	Executives
Jin Shui Xiang	Executives
Song Tie Hui	Executives
Cheng Peng	Directors, executives
Sun Yu Guo	Director
Dai Dong Hai	Executives
Jing Mu Han	Executives
Qin Fang	Securities Affairs Representative
Jiang Xiao Ming	Executives
Xu Jin Hui	Supervisors
Lai Feng Fu	Executives
Cao Xiao Hang	Executives

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