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Range Intelligent Computing Technology Group Co (SZSE:300442) Inventory Turnover : 0.41 (As of Mar. 2024)


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What is Range Intelligent Computing Technology 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. Range Intelligent Computing Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥654 Mil. Range Intelligent Computing Technology Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,589 Mil. Range Intelligent Computing Technology Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Range Intelligent Computing Technology Group Co's Days Inventory for the three months ended in Mar. 2024 was 221.68.

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. Range Intelligent Computing Technology Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.28.

Range Intelligent Computing Technology Group Co Inventory Turnover Historical Data

The historical data trend for Range Intelligent Computing Technology 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.

* Premium members only.

Range Intelligent Computing Technology Group Co Inventory Turnover Chart

Range Intelligent Computing Technology Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.66 1.67 4.77 5.80

Range Intelligent Computing Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 263.06 173.60 154.21 2.33 0.41

Range Intelligent Computing Technology Group Co Inventory Turnover Calculation

Range Intelligent Computing Technology 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 )
=2237.512 / ((1.533 + 769.647) / 2 )
=2237.512 / 385.59
=5.80

Range Intelligent Computing Technology 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 )
=654.209 / ((769.647 + 2408.939) / 2 )
=654.209 / 1589.293
=0.41

* 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.

Range Intelligent Computing Technology Group Co  (SZSE:300442) 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.

Range Intelligent Computing Technology 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
=1589.293/654.209*365 / 4
=221.68

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.

Range Intelligent Computing Technology 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 )
=1589.293 / 1242.26
=1.28

* 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.

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.

Range Intelligent Computing Technology Group Co Inventory Turnover Related Terms

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Range Intelligent Computing Technology Group Co (SZSE:300442) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Range Intelligent Computing Technology Group Co Ltd (SZSE:300442) » Definitions » Inventory Turnover
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SHSE:688561 SZSE:002439 SZSE:300383 SZSE:300017 SHSE:601360 SHSE:600850 SHSE:600602 SHSE:688327 SZSE:300773 SZSE:002212 MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK
Traded in Other Exchanges
N/A
Address
No. 84, Jinzhangzhi Road, Zhangye Town, Building 26, Jinshan District, Shanghai, CHN, 065001
Website
https://www.rangeidc.com
Range Intelligent Computing Technology Group Co Ltd is catering to the application needs of big data, cloud computing, Internet of Things, 5G technology, and other industries, based on computing power, digital technology as a means, and intelligent Applications as a demonstration, providing a new generation of digital economy industry technology, products, services and system solutions for various industries.
Executives
Jiang Wei Dong Directors, executives
Liu Jing Zhou Supervisors

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