Guangzhou KDT Machinery Co (SZSE:002833) Inventory Turnover : 1.49 (As of Mar. 2024)

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What is Guangzhou KDT Machinery 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. Guangzhou KDT Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥478 Mil. Guangzhou KDT Machinery Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥320 Mil. Guangzhou KDT Machinery Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou KDT Machinery Co's Days Inventory for the three months ended in Mar. 2024 was 61.11.

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. Guangzhou KDT Machinery Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Guangzhou KDT Machinery Co Inventory Turnover Historical Data

The historical data trend for Guangzhou KDT Machinery 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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Guangzhou KDT Machinery Co Inventory Turnover Chart

Guangzhou KDT Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.93

4.78

5.67

4.52

5.76

Guangzhou KDT Machinery 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															1.24	1.55	1.55	1.39	1.49

Guangzhou KDT Machinery Co Inventory Turnover Calculation

Guangzhou KDT Machinery 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 )
=	1789.733	/ (	(318.721	+	302.339)	/	2 )
=	1789.733	/	310.53
=	5.76

Guangzhou KDT Machinery 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 )
=	477.545	/ (	(302.339	+	337.322)	/	2 )
=	477.545	/	319.8305
=	1.49

Guangzhou KDT Machinery Co (SZSE:002833) 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.

Guangzhou KDT Machinery 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
	=	319.8305	/	477.545	*	365 / 4
	=	61.11

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.

Guangzhou KDT Machinery 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 )
	=	319.8305	/	690.499
	=	0.46

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.

Guangzhou KDT Machinery Co Inventory Turnover Related Terms

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Guangzhou KDT Machinery Co (SZSE:002833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou KDT Machinery Co Ltd (SZSE:002833) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Yunkai Road, Yunpu Industrial Park, Luogang District, Guangzhou, CHN, 510530

Website

http://www.kdtmac.com

Guangzhou KDT Machinery Co Ltd is a manufacturing company. It manufactures and sells products including edge bander, panel saw, boring machine and among others.

Executives

Chen Da Jiang	Directors, executives
Li Mao Hong	Directors, executives
Liu Feng Hua	Directors, executives
Liu Yu Hua	Director
	Directors, executives
Xu Li Jun	Directors, executives
Xu Ming	Supervisors
Wu Hai Yang	Supervisors
Huang Xu	Director
Yan Fu Hai	Securities Affairs Representative
Mo Chen Xiao	Directors, executives

Guangzhou KDT Machinery Co (SZSE:002833) Headlines

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