Guangdong Tloong Technology Group Co (SZSE:300063) Inventory Turnover : 6.54 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Guangdong Tloong Technology Group 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 Tloong Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,766 Mil. Guangdong Tloong Technology Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥270 Mil. Guangdong Tloong Technology Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Tloong Technology Group Co's Days Inventory for the three months ended in Mar. 2024 was 13.95.

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 Tloong Technology Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

Guangdong Tloong Technology Group Co Inventory Turnover Historical Data

The historical data trend for Guangdong Tloong Technology Group 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.

Guangdong Tloong Technology Group Co Inventory Turnover Chart

Guangdong Tloong Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

35.12

41.97

35.24

29.55

27.79

Guangdong Tloong Technology Group 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															7.52	7.55	8.54	7.43	6.54

Guangdong Tloong Technology Group Co Inventory Turnover Calculation

Guangdong Tloong Technology Group 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 )
=	8183.556	/ (	(318.824	+	270.124)	/	2 )
=	8183.556	/	294.474
=	27.79

Guangdong Tloong Technology Group 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 )
=	1766.306	/ (	(270.124	+	269.747)	/	2 )
=	1766.306	/	269.9355
=	6.54

Guangdong Tloong Technology Group Co (SZSE:300063) 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 Tloong Technology Group 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
	=	269.9355	/	1766.306	*	365 / 4
	=	13.95

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 Tloong Technology Group 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 )
	=	269.9355	/	1871.587
	=	0.14

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 Tloong Technology Group Co Inventory Turnover Related Terms

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

Guangdong Tloong Technology Group Co (SZSE:300063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Tloong Technology Group Co Ltd (SZSE:300063) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jingdu industrial park, Zhaoqing, Guangdong, CHN, 526108

Website

http://www.tlym.cn

Guangdong Tloong Technology Group Co Ltd, formerly Guangdong Sky Dragon Printing Ink Group Co Ltd is engaged in research and development, production, and sales of friendly inks, printing varnish, solvent inks, and acrylic resins. The solutions provided by the company include flexo ink, gravure ink, varnish, acrylic, and automatic color.

Executives

Chen Dong Yang	Directors, executives
Wang Jing	Directors, executives
Wang Na	Executives
Mei Qin	Directors, executives
Liao Xing	Director
Yao Song	Executives
Chen Tie Ping	Director
Feng Yi	Director
Feng Hua	Director
Feng Xin Ping	Executives
Li Guo Rong	Director
Li Si Ping	Director
Wang Da Tian	Executives
Feng Jun	Director

Guangdong Tloong Technology Group Co (SZSE:300063) Headlines

No Headlines