Zhejiang Yonggui Electric Equipment Co (SZSE:300351) Inventory Turnover : 0.69 (As of Sep. 2024)

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What is Zhejiang Yonggui Electric Equipment 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. Zhejiang Yonggui Electric Equipment Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥362 Mil. Zhejiang Yonggui Electric Equipment Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥527 Mil. Zhejiang Yonggui Electric Equipment Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Yonggui Electric Equipment Co's Days Inventory for the three months ended in Sep. 2024 was 132.85.

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. Zhejiang Yonggui Electric Equipment Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.01.

Zhejiang Yonggui Electric Equipment Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Yonggui Electric Equipment 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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Zhejiang Yonggui Electric Equipment Co Inventory Turnover Chart

Zhejiang Yonggui Electric Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.33

2.14

2.12

2.35

2.27

Zhejiang Yonggui Electric Equipment Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.52	0.81	0.60	0.63	0.69

Zhejiang Yonggui Electric Equipment Co Inventory Turnover Calculation

Zhejiang Yonggui Electric Equipment 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 )
=	1072.298	/ (	(493.765	+	452.687)	/	2 )
=	1072.298	/	473.226
=	2.27

Zhejiang Yonggui Electric Equipment Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	361.862	/ (	(515.931	+	537.724)	/	2 )
=	361.862	/	526.8275
=	0.69

Zhejiang Yonggui Electric Equipment Co (SZSE:300351) 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.

Zhejiang Yonggui Electric Equipment Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	526.8275	/	361.862	*	365 / 4
	=	132.85

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.

Zhejiang Yonggui Electric Equipment Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	526.8275	/	519.936
	=	1.01

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.

Zhejiang Yonggui Electric Equipment Co Inventory Turnover Related Terms

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Zhejiang Yonggui Electric Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Yonggui Electric Equipment Co Ltd (SZSE:300351) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 5, Dongyuan Road, Western Industrial Park, Baihe Town, Taizhou, Tiantai, CHN, 317201

Website

http://en.yonggui.com

Zhejiang Yonggui Electric Equipment Co Ltd is engaged in manufacturing connectors used in railways and other vehicle. Its products include circular connector, locomotive connector, wind connector, and electric vehicle connector.

Executives

Fan Yong Gui	Director
Zhou Ting Ping	Executives
Tu Hai Wen	Director
Yang Run Li	Supervisors
Xiao Hong Ying	Independent director
Fan Zheng Jun	Directors, executives
Yu Wen Zhen	Secretary Dong
Li Yun Ming	Director
Lu Su Zhen	Executives
Jia Fei Long	Director, Securities Affairs Representative

Zhejiang Yonggui Electric Equipment Co Headlines

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