Northking Information Technology Co (SZSE:002987) Inventory Turnover : 23.95 (As of Mar. 2025)

View and export this data going back to 2020. Start your Free Trial

What is Northking Information Technology 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. Northking Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥921 Mil. Northking Information Technology Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥38 Mil. Northking Information Technology Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 23.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northking Information Technology Co's Days Inventory for the three months ended in Mar. 2025 was 3.81.

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. Northking Information Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.03.

Northking Information Technology Co Inventory Turnover Historical Data

The historical data trend for Northking Information Technology 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.

* Premium members only.

Northking Information Technology Co Inventory Turnover Chart

Northking Information Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

180.51

136.04

135.20

163.34

127.95

Northking Information Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															37.84	32.27	29.91	28.22	23.95

Northking Information Technology Co Inventory Turnover Calculation

Northking Information Technology Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	3597.886	/ (	(21.021	+	35.217)	/	2 )
=	3597.886	/	28.119
=	127.95

Northking Information Technology Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	920.918	/ (	(35.217	+	41.696)	/	2 )
=	920.918	/	38.4565
=	23.95

Northking Information Technology Co (SZSE:002987) 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.

Northking Information Technology Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	38.4565	/	920.918	*	365 / 4
	=	3.81

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.

Northking Information Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	38.4565	/	1157.107
	=	0.03

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.

Northking Information Technology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Northking Information Technology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Northking Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Northking Information Technology Co Ltd (SZSE:002987) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 West Third Ring North Road, 7th Floor, Haidian District, Beijing, CHN, 100089

Website

http://www.northking.net

Northking Information Technology Co Ltd is a provider of information technology services and business process outsourcing services to banking-based financial institutions. The company's services include technology development, technology promotion, technology transfer, technology consulting, technical services; computer technology training; computer system services; data processing; computer maintenance; basic software services, application software services; accepting financial information technology outsourcing services entrusted by financial institutions, entrusting financial institutions with financial business process outsourcing services, entrusting financial institutions with financial knowledge process outsourcing services, among others.

Executives

Ding Zhi Peng	Director
Zhao Long Hu	Directors, executives

Northking Information Technology Co Headlines

No Headlines