Yuhuan CNC Machine Tool Co (SZSE:002903) Inventory Turnover : 0.37 (As of Mar. 2024)

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What is Yuhuan CNC Machine Tool 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. Yuhuan CNC Machine Tool Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥66.5 Mil. Yuhuan CNC Machine Tool Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥178.3 Mil. Yuhuan CNC Machine Tool Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yuhuan CNC Machine Tool Co's Days Inventory for the three months ended in Mar. 2024 was 244.80.

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. Yuhuan CNC Machine Tool Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.71.

Yuhuan CNC Machine Tool Co Inventory Turnover Historical Data

The historical data trend for Yuhuan CNC Machine Tool 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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Yuhuan CNC Machine Tool Co Inventory Turnover Chart

Yuhuan CNC Machine Tool Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.45

1.12

1.14

0.96

1.17

Yuhuan CNC Machine Tool 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															0.27	0.27	0.29	0.32	0.37

Yuhuan CNC Machine Tool Co Inventory Turnover Calculation

Yuhuan CNC Machine Tool 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 )
=	212.748	/ (	(171.002	+	192.136)	/	2 )
=	212.748	/	181.569
=	1.17

Yuhuan CNC Machine Tool 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 )
=	66.468	/ (	(192.136	+	164.497)	/	2 )
=	66.468	/	178.3165
=	0.37

Yuhuan CNC Machine Tool Co (SZSE:002903) 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.

Yuhuan CNC Machine Tool 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
	=	178.3165	/	66.468	*	365 / 4
	=	244.80

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.

Yuhuan CNC Machine Tool 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 )
	=	178.3165	/	104.313
	=	1.71

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.

Yuhuan CNC Machine Tool Co Inventory Turnover Related Terms

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Yuhuan CNC Machine Tool Co (SZSE:002903) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yuhuan CNC Machine Tool Co Ltd (SZSE:002903) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Yongyang Road, Liuyang manufacturing industry base, Hunan Province, Changsha, CHN, 410323

Website

http://www.yh-cn.com

Yuhuan CNC Machine Tool Co Ltd is specialized in the research and development, production, sales and service of CNC grinding equipment, polishing machines and intelligent equipment products. The company's products are widely used in automotive, IT electronic, military, and aerospace, shipbuilding, bearings, seals, household appliances, and other key areas of the national economy.

Executives

Xu Liang	Directors, executives
Peng Guan Qing	Executives
Xu Yan Ming	Directors, executives
Xu Shi Xiong	Director
Zheng Ben Ming	Supervisors
Yi Xin	Directors, executives
Yang Ren Dong	Executives

Yuhuan CNC Machine Tool Co (SZSE:002903) Headlines

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