Feilong Auto Components Co (SZSE:002536) Inventory Turnover : 1.03 (As of Mar. 2024)

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What is Feilong Auto Components 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. Feilong Auto Components Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥986 Mil. Feilong Auto Components Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥961 Mil. Feilong Auto Components Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Feilong Auto Components Co's Days Inventory for the three months ended in Mar. 2024 was 88.94.

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. Feilong Auto Components Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

Feilong Auto Components Co Inventory Turnover Historical Data

The historical data trend for Feilong Auto Components 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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Feilong Auto Components Co Inventory Turnover Chart

Feilong Auto Components Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.30

3.36

3.30

2.96

3.23

Feilong Auto Components 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															0.78	0.87	0.91	0.86	1.03

Feilong Auto Components Co Inventory Turnover Calculation

Feilong Auto Components 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 )
=	3239.544	/ (	(949.971	+	1057.86)	/	2 )
=	3239.544	/	1003.9155
=	3.23

Feilong Auto Components 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 )
=	986.26	/ (	(1057.86	+	864.66)	/	2 )
=	986.26	/	961.26
=	1.03

Feilong Auto Components Co (SZSE:002536) 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.

Feilong Auto Components 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
	=	961.26	/	986.26	*	365 / 4
	=	88.94

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.

Feilong Auto Components 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 )
	=	961.26	/	1240.41
	=	0.77

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.

Feilong Auto Components Co Inventory Turnover Related Terms

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Feilong Auto Components Co (SZSE:002536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Feilong Auto Components Co Ltd (SZSE:002536) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Industrial Area, Donghuan Road, Henan Province, Xixia County, CHN, 474500

Website

http://www.xixia-waterpump.com

Feilong Auto Components Co Ltd through its subsidiaries is engaged in manufacturing and selling automobile parts in the People's Republic of China and internationally. It offers products such as Automobile water pumps under the Feilong brand; and Engine intake and Exhaust manifolds, Flywheel housings, Turbocharger, Die and gravity castings, Turbine housings, and Oil pumps, among other products.

Executives

Feng Zhang Hong	Executives
Bai Xiang Rong	Supervisors
Wang Rui Jin	Executives
Sun Yao Zhong	Directors, executives
Sun Yao Zhi	Director
Xi Guo Qin	Executives
Jiao Lei	Executives
Sun Ding Wen	Executives
Liang Zhong Hua	Directors, executives
Tang Guo Zhong	Executives
Wan Guo Min	Executives
Zhang Meng Xing	Executives
Xie Guo Lou	Securities Affairs Representative

Feilong Auto Components Co (SZSE:002536) Headlines

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