Guangdong Great River Smarter Logistics Co (SZSE:002930) Inventory Turnover : 20.94 (As of Mar. 2024)

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What is Guangdong Great River Smarter Logistics 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. Guangdong Great River Smarter Logistics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥180 Mil. Guangdong Great River Smarter Logistics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥9 Mil. Guangdong Great River Smarter Logistics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 20.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Great River Smarter Logistics Co's Days Inventory for the three months ended in Mar. 2024 was 4.36.

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. Guangdong Great River Smarter Logistics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Guangdong Great River Smarter Logistics Co Inventory Turnover Historical Data

The historical data trend for Guangdong Great River Smarter Logistics 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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Guangdong Great River Smarter Logistics Co Inventory Turnover Chart

Guangdong Great River Smarter Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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131.87

116.36

108.57

107.80

87.62

Guangdong Great River Smarter Logistics 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															23.38	24.23	23.20	24.93	20.94

Guangdong Great River Smarter Logistics Co Inventory Turnover Calculation

Guangdong Great River Smarter Logistics 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 )
=	655.25	/ (	(7.136	+	7.821)	/	2 )
=	655.25	/	7.4785
=	87.62

Guangdong Great River Smarter Logistics 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 )
=	179.673	/ (	(7.821	+	9.341)	/	2 )
=	179.673	/	8.581
=	20.94

Guangdong Great River Smarter Logistics Co (SZSE:002930) 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.

Guangdong Great River Smarter Logistics 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
	=	8.581	/	179.673	*	365 / 4
	=	4.36

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.

Guangdong Great River Smarter Logistics 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 )
	=	8.581	/	379.9
	=	0.02

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.

Guangdong Great River Smarter Logistics Co Inventory Turnover Related Terms

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Guangdong Great River Smarter Logistics Co (SZSE:002930) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangdong Great River Smarter Logistics Co Ltd (SZSE:002930) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

South Bank of Danshui Estuary, 3rd Floor, Administrative Building, Sanjiang Company, Shatian Town, Guangdong Province, Dongguan City, CHN, 523000

Website

http://www.grsl.cc

Guangdong Great River Smarter Logistics Co Ltd operates as a logistics company. The firm provides warehouse, loading, unloading, barrel filling, and value-added services for petrochemical products. Its Logistics chain management services include operation of terminals, warehousing, international sea freight forwarding, land international freight forwarding, domestic freight forwarding, and warehousing agents. Its transit and other services mainly include services such as transfer, transfer, direct unloading of ships and ships, and replenishment of ships.

Executives

Lin Hai Chuan	Directors, executives
Gan Yi	Directors, executives
Li Xiao Li	Executives
Huang Yun Tao	Directors, executives
Liu Yan	Supervisors
Zhong Xiao	Supervisors

Guangdong Great River Smarter Logistics Co (SZSE:002930) Headlines

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