Zhongyeda Electric Co (SZSE:002441) Inventory Turnover : 2.31 (As of Mar. 2025)

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What is Zhongyeda Electric 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. Zhongyeda Electric Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥2,112 Mil. Zhongyeda Electric Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥915 Mil. Zhongyeda Electric Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhongyeda Electric Co's Days Inventory for the three months ended in Mar. 2025 was 39.53.

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. Zhongyeda Electric Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.38.

Zhongyeda Electric Co Inventory Turnover Historical Data

The historical data trend for Zhongyeda Electric 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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Zhongyeda Electric Co Inventory Turnover Chart

Zhongyeda Electric Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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9.62

9.51

8.10

8.30

10.03

Zhongyeda Electric Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															1.57	2.25	2.66	2.74	2.31

Zhongyeda Electric Co Inventory Turnover Calculation

Zhongyeda Electric Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	10163.237	/ (	(1191.772	+	834.859)	/	2 )
=	10163.237	/	1013.3155
=	10.03

Zhongyeda Electric Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	2112.476	/ (	(834.859	+	995.268)	/	2 )
=	2112.476	/	915.0635
=	2.31

Zhongyeda Electric Co (SZSE:002441) 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.

Zhongyeda Electric Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	915.0635	/	2112.476	*	365 / 4
	=	39.53

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.

Zhongyeda Electric Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	915.0635	/	2423.002
	=	0.38

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.

Zhongyeda Electric Co Inventory Turnover Related Terms

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Zhongyeda Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongyeda Electric Co Ltd (SZSE:002441) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.62, Hengshan Road, Longhu District, Guangdong Province, Shantou, CHN, 515041

Website

http://www.zyd.cn

Zhongyeda Electric Co Ltd is a distributor of industrial electrical products. The company's main business is the distribution of industrial electrical component products of contracted suppliers through its own sales network, as well as the production and sales of system integration products and complete manufacturing products. Its products include low-voltage electrical products, medium voltage electrical products, industrial control products and others.

Executives

Yang Song	Directors, executives
Wang Bao Yu	Directors, executives
Lin Jing	Supervisors
Chen Dai Ai	Supervisors
Li Xiao Yong	Director
Wu Kai Xian	Directors, executives
Zhang Ying	Supervisors
Ke Ni Xiang	Executives
Wang Zong Cheng	Director
Wang Pei Qing	Executives

Zhongyeda Electric Co Headlines

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