Troy Information Technology Co (SZSE:300366) Inventory Turnover : 0.08 (As of Mar. 2024)

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What is Troy Information 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. Troy Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥84 Mil. Troy Information Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥986 Mil. Troy Information Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Troy Information Technology Co's Days Inventory for the three months ended in Mar. 2024 was 1,076.80.

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. Troy Information Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 10.36.

Troy Information Technology Co Inventory Turnover Historical Data

The historical data trend for Troy Information 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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Troy Information Technology Co Inventory Turnover Chart

Troy Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.71

2.78

2.09

2.04

1.56

Troy Information 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															0.31	0.21	0.23	0.64	0.08

Troy Information Technology Co Inventory Turnover Calculation

Troy Information 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 )
=	1397.773	/ (	(890.527	+	901.177)	/	2 )
=	1397.773	/	895.852
=	1.56

Troy Information 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 )
=	83.594	/ (	(901.177	+	1071.739)	/	2 )
=	83.594	/	986.458
=	0.08

Troy Information Technology Co (SZSE:300366) 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.

Troy Information 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
	=	986.458	/	83.594	*	365 / 4
	=	1,076.80

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.

Troy Information 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 )
	=	986.458	/	95.186
	=	10.36

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.

Troy Information Technology Co Inventory Turnover Related Terms

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Troy Information Technology Co (SZSE:300366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Troy Information Technology Co Ltd (SZSE:300366) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28, Xixin Avenue, High-tech Zone, Gaoxin West District, Chengdu, CHN, 611731

Website

https://www.troy.cn

Troy Information Technology Co Ltd is a Chinese technical service provider for telecom operators. Its product technologies include big data, Cloud computing, and Wisdom. Its big data products include enterprise-level big data platform, big data business model platform, big data processing platform, and big data capability sharing platform.

Executives

Wang Xiao Wei	Director
Li Jing	Directors, executives
Du Guang Xiang	Directors, executives
Lu Wen Bin	Director
He Wen Jiang	Directors, executives
Liu Jie	Executives
Wang Xiao Ming	Director
Wang Yong	Supervisors
Lei Li	Directors, executives
Zhou Xue Jun	Director
Gu Hong Bin	Executives

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