Goldcard Smart Group Co (SZSE:300349) Inventory Turnover : 0.90 (As of Mar. 2024)

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What is Goldcard Smart 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. Goldcard Smart Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥425 Mil. Goldcard Smart Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥473 Mil. Goldcard Smart Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goldcard Smart Group Co's Days Inventory for the three months ended in Mar. 2024 was 101.75.

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. Goldcard Smart Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

Goldcard Smart Group Co Inventory Turnover Historical Data

The historical data trend for Goldcard Smart 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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Goldcard Smart Group Co Inventory Turnover Chart

Goldcard Smart Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.21

3.26

2.95

3.33

3.61

Goldcard Smart 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															0.81	1.06	1.03	0.90	0.90

Goldcard Smart Group Co Inventory Turnover Calculation

Goldcard Smart 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 )
=	1831.659	/ (	(500.304	+	515.303)	/	2 )
=	1831.659	/	507.8035
=	3.61

Goldcard Smart 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 )
=	424.516	/ (	(515.303	+	431.413)	/	2 )
=	424.516	/	473.358
=	0.90

Goldcard Smart Group Co (SZSE:300349) 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.

Goldcard Smart 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
	=	473.358	/	424.516	*	365 / 4
	=	101.75

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.

Goldcard Smart 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 )
	=	473.358	/	718.68
	=	0.66

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.

Goldcard Smart Group Co Inventory Turnover Related Terms

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Goldcard Smart Group Co (SZSE:300349) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Goldcard Smart Group Co Ltd (SZSE:300349) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.158, Jinqiao Street, Hangzhou Economic & Technological Development Area, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.china-goldcard.com

Goldcard Smart Group Co Ltd is engaged in the research and development, production and sales of intelligent gas meter and gas measurement management system. The company distributes its products in domestic markets.

Executives

Wang Zhe	Directors, executives
Deng Wen Qing	Securities Affairs Representative
Yang Bin	Directors, executives
Zhu Yang Zhou	Directors, executives
Li Ling Ling	Executives
He Guo Wen	Supervisors
Chou Liang	Directors, executives
Liu Zhong Jin	Directors, executives
Zhang Hong Ye	Director
Yu Dong Lin	Supervisors
Ma Fang Fen	Secretary Dong
Shen Wen Xin	Independent director
Huang Guang Kun	Supervisors

Goldcard Smart Group Co (SZSE:300349) Headlines

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