Shanghai Kinetic Medical Co (SZSE:300326) Inventory Turnover : 0.34 (As of Mar. 2024)

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What is Shanghai Kinetic Medical 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. Shanghai Kinetic Medical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥126.8 Mil. Shanghai Kinetic Medical Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥368.3 Mil. Shanghai Kinetic Medical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Kinetic Medical Co's Days Inventory for the three months ended in Mar. 2024 was 265.14.

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. Shanghai Kinetic Medical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.50.

Shanghai Kinetic Medical Co Inventory Turnover Historical Data

The historical data trend for Shanghai Kinetic Medical 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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Shanghai Kinetic Medical Co Inventory Turnover Chart

Shanghai Kinetic Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.14

1.54

1.82

1.32

1.29

Shanghai Kinetic Medical 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															0.41	0.36	0.27	0.34	0.34

Shanghai Kinetic Medical Co Inventory Turnover Calculation

Shanghai Kinetic Medical 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 )
=	462.192	/ (	(346.832	+	368.424)	/	2 )
=	462.192	/	357.628
=	1.29

Shanghai Kinetic Medical 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 )
=	126.765	/ (	(368.424	+	368.236)	/	2 )
=	126.765	/	368.33
=	0.34

Shanghai Kinetic Medical Co (SZSE:300326) 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.

Shanghai Kinetic Medical 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
	=	368.33	/	126.765	*	365 / 4
	=	265.14

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.

Shanghai Kinetic Medical 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 )
	=	368.33	/	246.205
	=	1.50

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.

Shanghai Kinetic Medical Co Inventory Turnover Related Terms

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Shanghai Kinetic Medical Co (SZSE:300326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Kinetic Medical Co Ltd (SZSE:300326) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 2, Building 23, No. 528, Ruiqing Road, Zhangjiang Hi-Te, Shanghai, CHN, 201201

Website

http://www.kineticmedinc.com.cn

Shanghai Kinetic Medical Co Ltd is engaged in the manufacturing and distribution of medical devices in China. The company provides products for multidisciplinary specialties including orthopedics, cardiovascular and sports medicine. Its product offering includes primom spinal fixation system, kyphoplasty systems, vertebral osteotome, bone cement delivery systems, injection guns and multifunctional tools.

Executives

Ding Kui	Secretary Dong
Wei Qing Mei	Executives
Wang Zheng Min	Directors, executives
Li Yuan Ping	Executives
Zhang Zheng	Director
Yan Hang	Director
Yuan Zheng	Executives, directors
Sun Meng Chen	Securities Affairs Representative
Wang Li	Director
Qin Jie	Director
Li Jian Xiang	Director
Zhou Zhi Qiang	Supervisors

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