Xuchang KETOP Testing Research Institute Co (SZSE:003008) Inventory Turnover : 5.06 (As of Mar. 2024)

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What is Xuchang KETOP Testing Research Institute 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. Xuchang KETOP Testing Research Institute Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥15.9 Mil. Xuchang KETOP Testing Research Institute Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3.1 Mil. Xuchang KETOP Testing Research Institute Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xuchang KETOP Testing Research Institute Co's Days Inventory for the three months ended in Mar. 2024 was 18.03.

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. Xuchang KETOP Testing Research Institute Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Xuchang KETOP Testing Research Institute Co Inventory Turnover Historical Data

The historical data trend for Xuchang KETOP Testing Research Institute 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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Xuchang KETOP Testing Research Institute Co Inventory Turnover Chart

Xuchang KETOP Testing Research Institute Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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60.64

53.54

31.78

20.42

21.84

Xuchang KETOP Testing Research Institute 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															4.17	5.49	5.42	5.87	5.06

Xuchang KETOP Testing Research Institute Co Inventory Turnover Calculation

Xuchang KETOP Testing Research Institute 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 )
=	64.434	/ (	(2.798	+	3.103)	/	2 )
=	64.434	/	2.9505
=	21.84

Xuchang KETOP Testing Research Institute 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 )
=	15.919	/ (	(3.103	+	3.187)	/	2 )
=	15.919	/	3.145
=	5.06

Xuchang KETOP Testing Research Institute Co (SZSE:003008) 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.

Xuchang KETOP Testing Research Institute 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
	=	3.145	/	15.919	*	365 / 4
	=	18.03

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.

Xuchang KETOP Testing Research Institute 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 )
	=	3.145	/	44.677
	=	0.07

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.

Xuchang KETOP Testing Research Institute Co Inventory Turnover Related Terms

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Xuchang KETOP Testing Research Institute Co (SZSE:003008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Xuchang KETOP Testing Research Institute Co Ltd (SZSE:003008) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Intersection of Weiwu Avenue and Shangde Road, Henan Province, Xuchang, CHN, 461000

Website

http://www.ketop.cn

Xuchang KETOP Testing Research Institute Co Ltd is engaged in provision of power system secondary equipment testing services, other technical services and testing equipment sales. The company provides measurement technology and test method of power system secondary protection equipment, smart micro-grid devices and Electric Vehicle Charging and Battary Swap System to provide authoritative test scheme and service, guaranteeing the quality of products in power system.

Executives

Zhang Ran	Directors, executives
Wang Feng	Supervisors
Li Quan Xi	Executives
He Chun	Executives
Fu Run Wei	Supervisors
Song Xia	Executives

Xuchang KETOP Testing Research Institute Co (SZSE:003008) Headlines

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