Venustech Group (SZSE:002439) Inventory Turnover : 0.95 (As of Mar. 2024)

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What is Venustech 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. Venustech Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥454 Mil. Venustech Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥476 Mil. Venustech Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Venustech Group's Days Inventory for the three months ended in Mar. 2024 was 95.69.

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. Venustech Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

Venustech Group Inventory Turnover Historical Data

The historical data trend for Venustech 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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Venustech Group Inventory Turnover Chart

Venustech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.97

4.20

3.52

3.59

4.08

Venustech 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															0.98	0.63	0.99	2.19	0.95

Venustech Group Inventory Turnover Calculation

Venustech 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 )
=	1903.522	/ (	(447.655	+	485.244)	/	2 )
=	1903.522	/	466.4495
=	4.08

Venustech 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 )
=	453.788	/ (	(485.244	+	466.539)	/	2 )
=	453.788	/	475.8915
=	0.95

Venustech Group (SZSE:002439) 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.

Venustech 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
	=	475.8915	/	453.788	*	365 / 4
	=	95.69

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.

Venustech 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 )
	=	475.8915	/	922.613
	=	0.52

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.

Venustech Group Inventory Turnover Related Terms

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Venustech Group (SZSE:002439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Venustech Group Inc (SZSE:002439) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No.8 Northeast Wangxi Road, 1st Floor, Qimingxing Building, Building 21, Zhongguancun Software Park, Haidian District, Beijing, CHN

Website

http://www.venustech.com.cn

Venustech Group Inc is a provider of network security products, trusted security management platform, as well as specialized security services and solutions in China.

Executives

Qi Jian	Director
Wang Jia	Directors, executives
Zhang Yuan	Directors, executives
Yan Li	Directors, executives
Liu Ke Quan	Directors, executives
Xie Qi Zhi	Supervisors
Pan Zhong Yu	Directors, executives
Zhong Dan	Securities Affairs Representative
Liu Xing Chi	Supervisors
Qiu Wei	Executives

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