CSG Smart Science and Technology Co (SZSE:300222) Inventory Turnover : 0.36 (As of Mar. 2024)

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What is CSG Smart Science and 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. CSG Smart Science and Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥376 Mil. CSG Smart Science and Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,036 Mil. CSG Smart Science and Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CSG Smart Science and Technology Co's Days Inventory for the three months ended in Mar. 2024 was 251.21.

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. CSG Smart Science and Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.05.

CSG Smart Science and Technology Co Inventory Turnover Historical Data

The historical data trend for CSG Smart Science and 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.

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CSG Smart Science and Technology Co Inventory Turnover Chart

CSG Smart Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.40

1.62

1.71

1.99

1.93

CSG Smart Science and Technology 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															0.33	0.47	0.42	0.63	0.36

CSG Smart Science and Technology Co Inventory Turnover Calculation

CSG Smart Science and Technology 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 )
=	2361.702	/ (	(1228.228	+	1221.683)	/	2 )
=	2361.702	/	1224.9555
=	1.93

CSG Smart Science and Technology 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 )
=	376.206	/ (	(1221.683	+	849.732)	/	2 )
=	376.206	/	1035.7075
=	0.36

CSG Smart Science and Technology Co (SZSE:300222) 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.

CSG Smart Science and Technology 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
	=	1035.7075	/	376.206	*	365 / 4
	=	251.21

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.

CSG Smart Science and Technology 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 )
	=	1035.7075	/	505.702
	=	2.05

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.

CSG Smart Science and Technology Co Inventory Turnover Related Terms

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CSG Smart Science and Technology Co (SZSE:300222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CSG Smart Science and Technology Co Ltd (SZSE:300222) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 456, Bibo Road, Zhangjiang High Tech, Pudong District, Shanghai, CHN, 201203

Website

http://www.csg.com.cn

CSG Smart Science and Technology Co Ltd is engaged in the manufacturing of high-end equipment and smart distribution networks in China. It primarily focuses on improving the product quality, enhancing work safety, and reducing energy consumption and environmental pollution for customers in such areas as automaking, new energy, electrical equipment, rail transportation, and the war industry. It offers smart factory total solution to enhance production efficiency, welding products, intelligent logistics products, various other Service and special robots. Geographically it operates through China.

Executives

Yang Rui Jun	Director
Zhang Bin	Supervisors
Lu Ying	Directors, executives
Wang Jia Lun	Securities Affairs Representative
Mu Jun Bai	Directors, executives
Ren Jian Fu	Supervisors
Liu Xiao Jing	Supervisors
Pan Jin Ping	Executives
Chen Jian	Director
Yao Yao	Directors, executives
Xu Cong Wei	Independent director
Huang Ming Song	Directors, executives
Wang Ting Ting	Supervisors
Lu Bing	Director
Tao Wei Qing	Supervisors

CSG Smart Science and Technology Co (SZSE:300222) Headlines

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