Nanjing Aolian AE&EA Co (SZSE:300585) Inventory Turnover : 0.60 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Nanjing Aolian AE&EA 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. Nanjing Aolian AE&EA Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥75.6 Mil. Nanjing Aolian AE&EA Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥126.7 Mil. Nanjing Aolian AE&EA Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nanjing Aolian AE&EA Co's Days Inventory for the three months ended in Mar. 2024 was 153.02.

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. Nanjing Aolian AE&EA Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.24.

Nanjing Aolian AE&EA Co Inventory Turnover Historical Data

The historical data trend for Nanjing Aolian AE&EA 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.

Nanjing Aolian AE&EA Co Inventory Turnover Chart

Nanjing Aolian AE&EA Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.53

2.54

2.85

2.72

3.02

Nanjing Aolian AE&EA 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															0.65	0.84	0.73	0.77	0.60

Nanjing Aolian AE&EA Co Inventory Turnover Calculation

Nanjing Aolian AE&EA 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 )
=	346.525	/ (	(109.221	+	120)	/	2 )
=	346.525	/	114.6105
=	3.02

Nanjing Aolian AE&EA 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 )
=	75.585	/ (	(120	+	133.496)	/	2 )
=	75.585	/	126.748
=	0.60

Nanjing Aolian AE&EA Co (SZSE:300585) 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.

Nanjing Aolian AE&EA 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
	=	126.748	/	75.585	*	365 / 4
	=	153.02

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.

Nanjing Aolian AE&EA 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 )
	=	126.748	/	101.806
	=	1.24

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.

Nanjing Aolian AE&EA Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Nanjing Aolian AE&EA Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Nanjing Aolian AE&EA Co (SZSE:300585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nanjing Aolian AE&EA Co Ltd (SZSE:300585) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Guli Street, Dongshan Bridge Industrial Concentration Zone, Jiangning District, Jiangsu, Nanjing, CHN, 211153

Website

http://www.njaolian.com

Nanjing Aolian AE&EA Co Ltd engages in researching, developing, manufacturing, and marketing automobile electronics and electrical accessory products. The company's products mainly include electron accelerator pedals, gear shifting controllers, air conditioner controller for vehicles, low temperature starting devices, and electronic throttles, among others.

Executives

Wu Fang	Directors, executives
Li Xiu Juan	Executives
Lu Xin Tian	Executives
Zhang Ling Lu	Executives
Xue Juan Hua	Executives, directors
Feng Jian Zhong	Executives
Song Zhi Ming	Supervisors

Nanjing Aolian AE&EA Co (SZSE:300585) Headlines

No Headlines