Lepu Medical Technology (Beijing) Co (SZSE:300003) Inventory Turnover : 0.28 (As of Mar. 2024)

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What is Lepu Medical Technology (Beijing) 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. Lepu Medical Technology (Beijing) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥636 Mil. Lepu Medical Technology (Beijing) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,254 Mil. Lepu Medical Technology (Beijing) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lepu Medical Technology (Beijing) Co's Days Inventory for the three months ended in Mar. 2024 was 323.09.

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. Lepu Medical Technology (Beijing) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.17.

Lepu Medical Technology (Beijing) Co Inventory Turnover Historical Data

The historical data trend for Lepu Medical Technology (Beijing) 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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Lepu Medical Technology (Beijing) Co Inventory Turnover Chart

Lepu Medical Technology (Beijing) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.42

2.19

2.47

1.89

1.25

Lepu Medical Technology (Beijing) 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															0.34	0.29	0.27	0.28	0.28

Lepu Medical Technology (Beijing) Co Inventory Turnover Calculation

Lepu Medical Technology (Beijing) 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 )
=	2853.286	/ (	(2266.592	+	2289.474)	/	2 )
=	2853.286	/	2278.033
=	1.25

Lepu Medical Technology (Beijing) 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 )
=	636.464	/ (	(2289.474	+	2217.579)	/	2 )
=	636.464	/	2253.5265
=	0.28

Lepu Medical Technology (Beijing) Co (SZSE:300003) 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.

Lepu Medical Technology (Beijing) 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
	=	2253.5265	/	636.464	*	365 / 4
	=	323.09

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.

Lepu Medical Technology (Beijing) 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 )
	=	2253.5265	/	1922.029
	=	1.17

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.

Lepu Medical Technology (Beijing) Co Inventory Turnover Related Terms

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Lepu Medical Technology (Beijing) Co (SZSE:300003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lepu Medical Technology (Beijing) Co Ltd (SZSE:300003) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.27, Qian Qian Road, Changping District, Beijing, Beijing, CHN, 100044

Website

http://www.lepumedical.com

Lepu Medical Technology (Beijing) Co Ltd is a China-based company. It specialized in developing, manufacturing and marketing the high-tech medical devices and equipment. The company is engaged in the fields of cardiovascular interventions, structural heart diseases, cardiac rhythm management, anesthesia and critical care, in vitro diagnostics and general surgery. It operates in more than 80 countries.

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