Changzhou Nrb (SZSE:002708) Inventory Turnover : 1.15 (As of Sep. 2024)

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What is Changzhou Nrb 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. Changzhou Nrb's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥515 Mil. Changzhou Nrb's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥450 Mil. Changzhou Nrb's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changzhou Nrb's Days Inventory for the three months ended in Sep. 2024 was 79.65.

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. Changzhou Nrb's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.77.

Changzhou Nrb Inventory Turnover Historical Data

The historical data trend for Changzhou Nrb'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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Changzhou Nrb Inventory Turnover Chart

Changzhou Nrb Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.54

3.55

3.94

3.83

4.11

Changzhou Nrb 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															1.14	1.17	1.18	1.09	1.15

Changzhou Nrb Inventory Turnover Calculation

Changzhou Nrb'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 )
=	1648.112	/ (	(405.945	+	395.819)	/	2 )
=	1648.112	/	400.882
=	4.11

Changzhou Nrb'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 )
=	515.277	/ (	(442.924	+	456.636)	/	2 )
=	515.277	/	449.78
=	1.15

Changzhou Nrb (SZSE:002708) 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.

Changzhou Nrb'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
	=	449.78	/	515.277	*	365 / 4
	=	79.65

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.

Changzhou Nrb'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 )
	=	449.78	/	582.518
	=	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.

Changzhou Nrb Inventory Turnover Related Terms

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Changzhou Nrb Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Nrb Corp (SZSE:002708) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.52 Hanjiang Road, New Hi-Tech District, Jiangsu, Changzhou, CHN, 213022

Website

http://www.nrb.com.cn

Changzhou Nrb Corp is engaged in the research and development, manufacturing and sales of high precision and high-reliability products like precision bearings, synchronizers, planetary platoons, and precision forgings. Its products are needle roller bearing, roller bearing, clutch release bearing, and hub bearing which are mainly applied to assemblies like automotive transmission, clutch, heavy truck axle, and hub.

Executives

Cheng Shang Nan	Director
Zhang Jian Gang	Executives
Weng Jun	Executives
Wu Chao Yang	Directors, executives
Zheng Wei Qiang	Directors, Directors, and Executives
Li Shu Hua	Director
Huang Xing Hua	Executives
Shen Ya Jun	Executives
Yao Jian Ping	Supervisors
Xu Jian Feng	Supervisors
Cheng Shang Bai	Directors, executives
Cheng Xiao Su	Director

Changzhou Nrb Headlines

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