Shenzhen China Bicycle Co Holding (SZSE:200017) Inventory Turnover : 0.49 (As of Sep. 2024)

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What is Shenzhen China Bicycle Co Holding 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 China Bicycle Co Holding's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$66.0 Mil. Shenzhen China Bicycle Co Holding's Average Total Inventories for the quarter that ended in Sep. 2024 was HK$135.7 Mil. Shenzhen China Bicycle Co Holding's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen China Bicycle Co Holding's Days Inventory for the three months ended in Sep. 2024 was 187.74.

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 China Bicycle Co Holding's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.87.

Shenzhen China Bicycle Co Holding Inventory Turnover Historical Data

The historical data trend for Shenzhen China Bicycle Co Holding'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 China Bicycle Co Holding Inventory Turnover Chart

Shenzhen China Bicycle Co Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.13

15.37

19.40

14.56

8.11

Shenzhen China Bicycle Co Holding 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															0.23	1.22	1.44	1.22	0.49

Shenzhen China Bicycle Co Holding Inventory Turnover Calculation

Shenzhen China Bicycle Co Holding'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 )
=	581.46	/ (	(53.833	+	89.598)	/	2 )
=	581.46	/	71.7155
=	8.11

Shenzhen China Bicycle Co Holding'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 )
=	65.969	/ (	(94.859	+	176.6)	/	2 )
=	65.969	/	135.7295
=	0.49

Shenzhen China Bicycle Co Holding (SZSE:200017) 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 China Bicycle Co Holding'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
	=	135.7295	/	65.969	*	365 / 4
	=	187.74

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 China Bicycle Co Holding'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 )
	=	135.7295	/	72.627
	=	1.87

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 China Bicycle Co Holding Inventory Turnover Related Terms

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Shenzhen China Bicycle Co Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shenzhen China Bicycle Co Holding Ltd (SZSE:200017) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

000017:China

Address

No.31 Bagua Road, 501 Zhongxin Technology Building, Futian District, Bagualing, Shenzhen, CHN, 518029

Website

http://www.cbc.com.cn

Shenzhen China Bicycle Co Holding Ltd is a China-based company engaged in the manufacturing and selling of Bicycles. The company belongs to the machinery manufacture industry and mainly engages in the production and assembly of various bicycles and spare parts, components, parts, mechanical products, sports machinery, fine chemicals, carbon fiber composites material, household electrical appliance, and affiliated components. It operates in two segments: Jewelry Gold Business and Bicycle lithium battery materials & other business.

Executives

Cui Hong Xia	Securities Affairs Representative
Lan Qi Hua	Supervisors

Shenzhen China Bicycle Co Holding Headlines

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