Guangdong Xinbao Electrical Appliances Holdings Co (SZSE:002705) Inventory Turnover : 2.05 (As of Sep. 2024)

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What is Guangdong Xinbao Electrical Appliances Holdings 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. Guangdong Xinbao Electrical Appliances Holdings Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥3,930 Mil. Guangdong Xinbao Electrical Appliances Holdings Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1,918 Mil. Guangdong Xinbao Electrical Appliances Holdings Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Xinbao Electrical Appliances Holdings Co's Days Inventory for the three months ended in Sep. 2024 was 44.52.

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. Guangdong Xinbao Electrical Appliances Holdings Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.39.

Guangdong Xinbao Electrical Appliances Holdings Co Inventory Turnover Historical Data

The historical data trend for Guangdong Xinbao Electrical Appliances Holdings 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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Guangdong Xinbao Electrical Appliances Holdings Co Inventory Turnover Chart

Guangdong Xinbao Electrical Appliances Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.26

5.65

5.15

5.00

6.43

Guangdong Xinbao Electrical Appliances Holdings 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															2.11	1.76	1.49	1.76	2.05

Guangdong Xinbao Electrical Appliances Holdings Co Inventory Turnover Calculation

Guangdong Xinbao Electrical Appliances Holdings 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 )
=	11316.46	/ (	(1665.884	+	1852.795)	/	2 )
=	11316.46	/	1759.3395
=	6.43

Guangdong Xinbao Electrical Appliances Holdings 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 )
=	3930.227	/ (	(1992.536	+	1842.732)	/	2 )
=	3930.227	/	1917.634
=	2.05

Guangdong Xinbao Electrical Appliances Holdings Co (SZSE:002705) 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.

Guangdong Xinbao Electrical Appliances Holdings 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
	=	1917.634	/	3930.227	*	365 / 4
	=	44.52

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.

Guangdong Xinbao Electrical Appliances Holdings 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 )
	=	1917.634	/	4966.819
	=	0.39

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.

Guangdong Xinbao Electrical Appliances Holdings Co Inventory Turnover Related Terms

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Guangdong Xinbao Electrical Appliances Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Xinbao Electrical Appliances Holdings Co Ltd (SZSE:002705) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Longzhou Road, Shunde District, Guangdong, Leliu Town, Foshan, CHN, 528322

Website

http://www.gdxinbao.cn

Guangdong Xinbao Electrical Appliances Holdings Co Ltd is a Chinese company engaged in the manufacturing, developing and selling kitchen electrical appliances, home appliances, electronic components and baby electrical appliances. The product portfolio of the company includes electric kettle, coffee maker, hand mixer, blender, toaster, bread maker, steam station, among others. The company sells the products under its own brand, Donlim. It sells its products in China, and also exports it to other countries.

Executives

Wang Wei	Directors, executives
Li Ya Ping	Supervisors
Zhu Xiao Mei	Directors, executives
Ceng Zhan Hui	Directors, executives
Yang Fang Xin	Directors, executives
Kang Xing Zhuang	Supervisors
Guo Jian Gang	Director
Huang De Cai	Executives
He De Hong	Executives
Wen Chao Dong	Director
Tong Yong Hua	Executives
Zhang Jun	Supervisors
Fang Xun	Executives
Lan Ping Qing	Executives
Pan Wei Dong	Supervisors

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