Songz Automobile Air Conditioning Co (SZSE:002454) Inventory Turnover : 1.08 (As of Mar. 2025)

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What is Songz Automobile Air Conditioning 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. Songz Automobile Air Conditioning Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥989 Mil. Songz Automobile Air Conditioning Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥915 Mil. Songz Automobile Air Conditioning Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Songz Automobile Air Conditioning Co's Days Inventory for the three months ended in Mar. 2025 was 84.42.

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. Songz Automobile Air Conditioning Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.75.

Songz Automobile Air Conditioning Co Inventory Turnover Historical Data

The historical data trend for Songz Automobile Air Conditioning 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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Songz Automobile Air Conditioning Co Inventory Turnover Chart

Songz Automobile Air Conditioning Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.92

4.56

4.11

4.50

4.75

Songz Automobile Air Conditioning 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															0.98	0.99	1.20	1.42	1.08

Songz Automobile Air Conditioning Co Inventory Turnover Calculation

Songz Automobile Air Conditioning 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 )
=	4240.505	/ (	(860.913	+	922.862)	/	2 )
=	4240.505	/	891.8875
=	4.75

Songz Automobile Air Conditioning 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 )
=	989.336	/ (	(922.862	+	907.723)	/	2 )
=	989.336	/	915.2925
=	1.08

Songz Automobile Air Conditioning Co (SZSE:002454) 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.

Songz Automobile Air Conditioning 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
	=	915.2925	/	989.336	*	365 / 4
	=	84.42

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.

Songz Automobile Air Conditioning 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 )
	=	915.2925	/	1213.032
	=	0.75

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.

Songz Automobile Air Conditioning Co Inventory Turnover Related Terms

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Songz Automobile Air Conditioning Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Songz Automobile Air Conditioning Co Ltd (SZSE:002454) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.4999, Huaning Road, Xinzhuang Industrial Park, Shanghai, CHN, 201108

Website

http://www.shsongz.com.cn

Songz Automobile Air Conditioning Co Ltd foreign-funded enterprise. It is engaged in research and development, manufacturing and marketing of the air-conditioners used in commercial and passenger vehicles. Songz is a professional vehicle air-conditioner manufacturer and is also the domestic manufacturer of large and medium-sized passenger vehicle air-conditioners. Its products are widely used in various types of large and medium-sized passenger vehicles, passenger cars, trucks, light-duty buses and rail vehicles, filling in the domestic blank of the double-decker bus air conditioner production.

Executives

Huang Guo Qiang	Executives
Ji An Kang	Directors, executives
Xie Hao	Supervisors
Chen Rui	Directors, executives
Yu Bei Bei	Supervisors
Liu Zhi Kun	Executives
Chang Wei Jun	Executives
Yang Guo Ping	Director
Tan Ren Ke	Securities Affairs Representative
Zhu Ping Li	Executives
Chen Fu Cheng	Director
Chen Fu Quan	Secretary, Director
Zhang Wei Jie	Supervisors
Liu Yin Ru	Supervisors
Li Bing	Executives

Songz Automobile Air Conditioning Co Headlines

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