Est Tools Co (SZSE:300488) Inventory Turnover : 0.52 (As of Mar. 2024)

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What is Est Tools 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. Est Tools Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥69.4 Mil. Est Tools Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥134.3 Mil. Est Tools Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Est Tools Co's Days Inventory for the three months ended in Mar. 2024 was 176.49.

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. Est Tools Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.08.

Est Tools Co Inventory Turnover Historical Data

The historical data trend for Est Tools 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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Est Tools Co Inventory Turnover Chart

Est Tools Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.87

2.04

2.28

2.19

2.30

Est Tools 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															0.47	0.55	0.53	0.64	0.52

Est Tools Co Inventory Turnover Calculation

Est Tools 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 )
=	302.364	/ (	(131.621	+	130.914)	/	2 )
=	302.364	/	131.2675
=	2.30

Est Tools 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 )
=	69.443	/ (	(130.914	+	137.708)	/	2 )
=	69.443	/	134.311
=	0.52

Est Tools Co (SZSE:300488) 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.

Est Tools 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
	=	134.311	/	69.443	*	365 / 4
	=	176.49

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.

Est Tools 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 )
	=	134.311	/	124.761
	=	1.08

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.

Est Tools Co Inventory Turnover Related Terms

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Est Tools Co (SZSE:300488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Est Tools Co Ltd (SZSE:300488) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 239 Xinqiao North Road, Wuyuan Town, Zhejiang Province, Jiaxing, CHN, 314300

Website

http://www.esttools.com

Est Tools Co Ltd is engaged the company is engaged in the research and development, production and sales of machine tools. The products mainly include precision complex, miscellaneous tools, spline measuring tools, precision cutting tools, and other metal cutting tools and high-precision measuring instruments. The company also offer edge measuring tools, including thread cutters, spline gages, and molding cutters.

Executives

Xu Jian Wei	Supervisors
Hu Jin Qiu	Securities Affairs Representative
Chen Er Rong	Director
Zheng Ji Liang	Executives
Zhou Yao Juan	Executives
He Qin Song	Executives
Yao Hai Feng	Executives

Est Tools Co (SZSE:300488) Headlines

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