GI Technologies Group Co (SZSE:300309) Inventory Turnover : 11.76 (As of Mar. 2023)

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What is GI Technologies 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. GI Technologies Group Co's Cost of Goods Sold for the three months ended in Mar. 2023 was ¥47.70 Mil. GI Technologies Group Co's Average Total Inventories for the quarter that ended in Mar. 2023 was ¥4.06 Mil. GI Technologies Group Co's Inventory Turnover for the quarter that ended in Mar. 2023 was 11.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GI Technologies Group Co's Days Inventory for the three months ended in Mar. 2023 was 7.76.

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. GI Technologies Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 7.88.

GI Technologies Group Co Inventory Turnover Historical Data

The historical data trend for GI Technologies 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.

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GI Technologies Group Co Inventory Turnover Chart

GI Technologies Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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6.15

1.27

0.35

0.30

0.34

GI Technologies Group Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															0.06	0.08	0.06	-0.06	11.76

GI Technologies Group Co Inventory Turnover Calculation

GI Technologies Group Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	237.374	/ (	(1387.063	+	4.077)	/	2 )
=	237.374	/	695.57
=	0.34

GI Technologies Group Co's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	47.7	/ (	(4.077	+	4.035)	/	2 )
=	47.7	/	4.056
=	11.76

GI Technologies Group Co (SZSE:300309) 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.

GI Technologies Group Co's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	4.056	/	47.7	*	365 / 4
	=	7.76

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.

GI Technologies Group Co's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	4.056	/	0.515
	=	7.88

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.

GI Technologies Group Co Inventory Turnover Related Terms

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GI Technologies Group Co (SZSE:300309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GI Technologies Group Co Ltd (SZSE:300309) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haiying Road, Room 201, 2nd Floor, Building 2, Fengtai District, Beijing, CHN

Website

http://www.gi-tech.cn

GI Technologies Group Co Ltd is engaged in the research and development, manufacturing of petroleum equipment. The company operates through three main businesses: petroleum equipment manufacturing, petroleum engineering services and petrochemical. Its petroleum engineering services comprise well logging service, directional drilling service, and downhole operation service. The petrochemical business is mainly engaged in the oil refining and oil trade. In addition, the company is also engaged in the asset management business. It operates in more than 20 countries and regions at home and abroad.

Executives

Yao Qing	Directors, executives
Xu Bo	Director
Huang Wen Zhi	Director
Gao Huai Xue	Secretary Dong
Fu Da Peng	Supervisors
Feng Yu Ping	Executives
Li Xin Min	Executives
Chen Gang	Independent director
Zhang Feng	Supervisors
He Nian	Supervisors

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