Beijing Yuanlong Yato Culture Dissemination Co (SZSE:002878) Inventory Turnover : 1.69 (As of Mar. 2024)

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What is Beijing Yuanlong Yato Culture Dissemination 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 Yuanlong Yato Culture Dissemination Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥475 Mil. Beijing Yuanlong Yato Culture Dissemination Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥281 Mil. Beijing Yuanlong Yato Culture Dissemination Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Yuanlong Yato Culture Dissemination Co's Days Inventory for the three months ended in Mar. 2024 was 53.91.

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 Yuanlong Yato Culture Dissemination Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Beijing Yuanlong Yato Culture Dissemination Co Inventory Turnover Historical Data

The historical data trend for Beijing Yuanlong Yato Culture Dissemination 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 Yuanlong Yato Culture Dissemination Co Inventory Turnover Chart

Beijing Yuanlong Yato Culture Dissemination Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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14.89

12.50

11.69

15.06

10.70

Beijing Yuanlong Yato Culture Dissemination 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															2.04	4.25	4.35	2.74	1.69

Beijing Yuanlong Yato Culture Dissemination Co Inventory Turnover Calculation

Beijing Yuanlong Yato Culture Dissemination 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 )
=	2275.918	/ (	(172.864	+	252.562)	/	2 )
=	2275.918	/	212.713
=	10.70

Beijing Yuanlong Yato Culture Dissemination 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 )
=	475.256	/ (	(252.562	+	308.95)	/	2 )
=	475.256	/	280.756
=	1.69

Beijing Yuanlong Yato Culture Dissemination Co (SZSE:002878) 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 Yuanlong Yato Culture Dissemination 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
	=	280.756	/	475.256	*	365 / 4
	=	53.91

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 Yuanlong Yato Culture Dissemination 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 )
	=	280.756	/	593.714
	=	0.47

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 Yuanlong Yato Culture Dissemination Co Inventory Turnover Related Terms

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Beijing Yuanlong Yato Culture Dissemination Co (SZSE:002878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beijing Yuanlong Yato Culture Dissemination Co Ltd (SZSE:002878) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Guang'anmen Inner Street, 12th Floor, Office Building, Metropark Hotel, Xicheng District, Beijing, CHN, 100053

Website

http://www.ylyato.com

Beijing Yuanlong Yato Culture Dissemination Co Ltd is a Chinese provider of integrated marketing services. It offers services such as marketing plan creative planning, promotional product design and development, promotional products commissioned processing and sales, promotional materials and other marketing materials logistics warehousing and distribution services, and market terminal services.

Executives

Rao Xiu Li	Executives
Yue Xin	Director
Wang Sheng	Executives
Bian Yu Chen	Directors, executives
Li Ya	Supervisors
Zhao Huai Dong	Executives
Xiang Jing	Directors, executives
Chen Tao	Executives
Sun Zhen	Directors, executives
Wang Wei	Director
Li Ji Dong	Executives

Beijing Yuanlong Yato Culture Dissemination Co (SZSE:002878) Headlines

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