Beijing Globalfety Technology Co (SZSE:300523) Inventory Turnover : 0.50 (As of Jun. 2024)

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What is Beijing Globalfety 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. Beijing Globalfety Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥207 Mil. Beijing Globalfety Technology Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥411 Mil. Beijing Globalfety Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Globalfety Technology Co's Days Inventory for the three months ended in Jun. 2024 was 181.19.

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. Beijing Globalfety Technology Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.34.

Beijing Globalfety Technology Co Inventory Turnover Historical Data

The historical data trend for Beijing Globalfety 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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Beijing Globalfety Technology Co Inventory Turnover Chart

Beijing Globalfety Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.42

2.78

2.10

2.52

3.08

Beijing Globalfety Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.52	0.53	1.28	0.19	0.50

Beijing Globalfety Technology Co Inventory Turnover Calculation

Beijing Globalfety 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 )
=	1340.382	/ (	(556.172	+	314.875)	/	2 )
=	1340.382	/	435.5235
=	3.08

Beijing Globalfety Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	206.898	/ (	(424.919	+	396.747)	/	2 )
=	206.898	/	410.833
=	0.50

Beijing Globalfety Technology Co (SZSE:300523) 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.

Beijing Globalfety Technology Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	410.833	/	206.898	*	365 / 4
	=	181.19

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.

Beijing Globalfety Technology Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	410.833	/	307.058
	=	1.34

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.

Beijing Globalfety Technology Co Inventory Turnover Related Terms

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Beijing Globalfety Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Global Safety Technology Co Ltd (SZSE:300523) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 1, No.3 Fengxiu Middle Road, Haidian District, Beijing, CHN, 100094

Website

http://www.gsafety.com

Beijing Global Safety Technology Co Ltd engages in the research, development, manufacture, and sales of public safety and security technologies, software and equipment and emergency management solutions. The company's products include public safety comprehensive emergency equipment, monitoring, and control system, prevention and forewarning system, as well as rescue and command system, among others.

Executives

Yuan Hong Yong	Directors, executives
Wu Peng	Secretary Dong
Chen Tao	Executives

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