Beijing SPC Environment Protection Tech Co (SZSE:002573) Inventory Turnover : 0.97 (As of Sep. 2024)

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What is Beijing SPC Environment Protection Tech 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. Beijing SPC Environment Protection Tech Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,655 Mil. Beijing SPC Environment Protection Tech Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1,706 Mil. Beijing SPC Environment Protection Tech Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing SPC Environment Protection Tech Co's Days Inventory for the three months ended in Sep. 2024 was 94.03.

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. Beijing SPC Environment Protection Tech Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.87.

Beijing SPC Environment Protection Tech Co Inventory Turnover Historical Data

The historical data trend for Beijing SPC Environment Protection Tech 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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Beijing SPC Environment Protection Tech Co Inventory Turnover Chart

Beijing SPC Environment Protection Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.59

2.63

4.70

4.24

4.57

Beijing SPC Environment Protection Tech Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.28	1.52	1.16	0.88	0.97

Beijing SPC Environment Protection Tech Co Inventory Turnover Calculation

Beijing SPC Environment Protection Tech 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 )
=	7083.074	/ (	(1715.371	+	1385.27)	/	2 )
=	7083.074	/	1550.3205
=	4.57

Beijing SPC Environment Protection Tech Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1655.131	/ (	(1675.678	+	1735.432)	/	2 )
=	1655.131	/	1705.555
=	0.97

Beijing SPC Environment Protection Tech Co (SZSE:002573) 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.

Beijing SPC Environment Protection Tech Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1705.555	/	1655.131	*	365 / 4
	=	94.03

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.

Beijing SPC Environment Protection Tech Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1705.555	/	1963.521
	=	0.87

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.

Beijing SPC Environment Protection Tech Co Inventory Turnover Related Terms

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Beijing SPC Environment Protection Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Beijing SPC Environment Protection Tech Co Ltd (SZSE:002573) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No 69 Li Zhuang Road, No. 8, Haidian District, Beijing, CHN, 100142

Website

http://www.qingxin.com.cn

Beijing SPC Environment Protection Tech Co Ltd is a state-level high-tech enterprise specialized in industrial environmental protection, energy conservation and comprehensive utilization of resources. The group operates as a comprehensive service operator in industrial research and development, project investment, engineering design, construction and construction and operation services, which is based on industrial flue gas desulphurization, denitrification, and dust removal. Geographically the activities are carried out through the region of China.

Executives

Jia Shuang Yan	Executives
An De Jun	Executives
Cheng Jian Long	Executives
Li Li Li	Supervisors
Zhang Yan Qiu	Supervisors
Wang Yue Miao	Supervisors
Cai Xiao Fang	Executives
Wang Yong Hui	Director
Zhang Gen Hua	Directors, executives
Li Qi Lin	Directors, executives
Li Cheng Zhi	Supervisors
Wang Juan	Securities Affairs Representative
Cheng Jun Feng	Directors, executives
Yue Xia	Directors, executives
Zhang Kai Yuan	Director

Beijing SPC Environment Protection Tech Co Headlines

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