ArcherMind Technology (Nanjing) Co (SZSE:300598) Inventory Turnover : 2.02 (As of Jun. 2024)

View and export this data going back to 2017. Start your Free Trial

What is ArcherMind Technology (Nanjing) 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. ArcherMind Technology (Nanjing) Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥367 Mil. ArcherMind Technology (Nanjing) Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥182 Mil. ArcherMind Technology (Nanjing) Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ArcherMind Technology (Nanjing) Co's Days Inventory for the three months ended in Jun. 2024 was 45.21.

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. ArcherMind Technology (Nanjing) Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.41.

ArcherMind Technology (Nanjing) Co Inventory Turnover Historical Data

The historical data trend for ArcherMind Technology (Nanjing) 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.

ArcherMind Technology (Nanjing) Co Inventory Turnover Chart

ArcherMind Technology (Nanjing) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

42.68

26.84

22.32

16.33

12.38

ArcherMind Technology (Nanjing) 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															3.03	2.63	3.10	2.40	2.02

ArcherMind Technology (Nanjing) Co Inventory Turnover Calculation

ArcherMind Technology (Nanjing) 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 )
=	1550.885	/ (	(118.684	+	131.922)	/	2 )
=	1550.885	/	125.303
=	12.38

ArcherMind Technology (Nanjing) 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 )
=	367.174	/ (	(167.914	+	195.911)	/	2 )
=	367.174	/	181.9125
=	2.02

ArcherMind Technology (Nanjing) Co (SZSE:300598) 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.

ArcherMind Technology (Nanjing) 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
	=	181.9125	/	367.174	*	365 / 4
	=	45.21

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.

ArcherMind Technology (Nanjing) 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 )
	=	181.9125	/	445.096
	=	0.41

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.

ArcherMind Technology (Nanjing) Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of ArcherMind Technology (Nanjing) Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

ArcherMind Technology (Nanjing) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ArcherMind Technology (Nanjing) Co Ltd (SZSE:300598) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19 Ningshuang Road, Yuhuatai District, Building B, Nanjing, Jiangsu, Nanjing, CHN, 210012

Website

https://www.archermind.com

ArcherMind Technology (Nanjing) Co Ltd is a China-based company engaged in offering software research, development, and consulting service in the fields of mobile devices and internet software. It provides solutions in the fields of Intelligent terminals, Smart automotive, Internet of Things (IoT) and Mobile internet. In Intelligent terminals, the company provides solutions for smartphone, tablet and virtual reality. Smart automotive comprise solutions such as digital cluster, automotive infotainment, intelligent cloud mirror, and smart cockpit. IoT solutions offer solutions for healthcare, home, kitchen and bath, whereas Mobile internet involves finance solutions. The company has a business presence around the world.

Executives

Wang Kun	Directors, executives
Wang Jin Feng	Directors, executives
Huang Hai Yan	Directors, executives
Liu He Yi	Director
Liu Yong	Independent director

ArcherMind Technology (Nanjing) Co Headlines

No Headlines