Beijing Zhidemai Technology Co (SZSE:300785) Inventory Turnover : 14.18 (As of Mar. 2024)

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What is Beijing Zhidemai 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 Zhidemai Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥171 Mil. Beijing Zhidemai Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥12 Mil. Beijing Zhidemai Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 14.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Zhidemai Technology Co's Days Inventory for the three months ended in Mar. 2024 was 6.44.

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 Zhidemai Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Beijing Zhidemai Technology Co Inventory Turnover Historical Data

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

Beijing Zhidemai Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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67.06

47.04

56.27

38.30

46.13

Beijing Zhidemai Technology 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															8.67	13.79	14.80	23.67	14.18

Beijing Zhidemai Technology Co Inventory Turnover Calculation

Beijing Zhidemai 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 )
=	749.511	/ (	(15.936	+	16.56)	/	2 )
=	749.511	/	16.248
=	46.13

Beijing Zhidemai Technology 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 )
=	171.031	/ (	(16.56	+	7.568)	/	2 )
=	171.031	/	12.064
=	14.18

Beijing Zhidemai Technology Co (SZSE:300785) 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 Zhidemai Technology 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
	=	12.064	/	171.031	*	365 / 4
	=	6.44

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 Zhidemai Technology 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 )
	=	12.064	/	296.289
	=	0.04

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 Zhidemai Technology Co Inventory Turnover Related Terms

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Beijing Zhidemai Technology Co (SZSE:300785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Beijing Zhidemai Technology Co Ltd (SZSE:300785) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd to 19th floor, No. 12, Yangqiao, Fengtai District, Beijing, CHN

Website

https://www.smzdm.com

Beijing Zhidemai Technology Co Ltd is a shopping portal that integrates shopping guide, media, tools and community attributes. It introduces high-quality and consumer-oriented content to users with high-quality, good-quality products and services, providing users with high efficiency, precision and neutrality.

Executives

Sui Guo Dong	Directors, executives
Liu Feng	Director
Liu Chao	Director

Beijing Zhidemai Technology Co (SZSE:300785) Headlines

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