Shenzhen King Explorer Science And Technology (SZSE:002917) Inventory Turnover : 1.11 (As of Sep. 2024)

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What is Shenzhen King Explorer Science And Technology 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. Shenzhen King Explorer Science And Technology's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥290 Mil. Shenzhen King Explorer Science And Technology's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥260 Mil. Shenzhen King Explorer Science And Technology's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen King Explorer Science And Technology's Days Inventory for the three months ended in Sep. 2024 was 81.85.

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. Shenzhen King Explorer Science And Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.60.

Shenzhen King Explorer Science And Technology Inventory Turnover Historical Data

The historical data trend for Shenzhen King Explorer Science And Technology'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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Shenzhen King Explorer Science And Technology Inventory Turnover Chart

Shenzhen King Explorer Science And Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.19

4.79

4.57

4.41

4.26

Shenzhen King Explorer Science And Technology 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															1.09	1.25	0.87	1.08	1.11

Shenzhen King Explorer Science And Technology Inventory Turnover Calculation

Shenzhen King Explorer Science And Technology'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 )
=	1021.587	/ (	(239.868	+	239.659)	/	2 )
=	1021.587	/	239.7635
=	4.26

Shenzhen King Explorer Science And Technology'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 )
=	289.878	/ (	(259.301	+	260.708)	/	2 )
=	289.878	/	260.0045
=	1.11

Shenzhen King Explorer Science And Technology (SZSE:002917) 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.

Shenzhen King Explorer Science And Technology'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
	=	260.0045	/	289.878	*	365 / 4
	=	81.85

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.

Shenzhen King Explorer Science And Technology'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 )
	=	260.0045	/	432.14
	=	0.60

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.

Shenzhen King Explorer Science And Technology Inventory Turnover Related Terms

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Shenzhen King Explorer Science And Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen King Explorer Science And Technology Corp (SZSE:002917) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room No. 3, Building R2-A, Nanshan High-Tech Industrial Park, South Area, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.kingexplorer.com

Shenzhen King Explorer Science And Technology Corp engages in the research, development, design, manufacture, and sale of intelligent equipment systems to civil explosive production companies and blasting service companies in the People's Republic of China and internationally. It offers industrial explosive and detonator production lines, mobile and ground bulk emulsion modules, bulk trucks for emulsion, portable underground charging units, and underground chargers. The products of the company include Industrial Explosives Dynamic Monitoring System, Anti-Explosion Products and Special Equipment for Explosives Production.

Executives

Ming Jing Gu	Director
Li Hui	Supervisors
Zhou Xiao Xi	Executives

Shenzhen King Explorer Science And Technology Headlines

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