Contec Medical Systems Co (SZSE:300869) Inventory Turnover : 0.11 (As of Mar. 2024)

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What is Contec Medical Systems 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. Contec Medical Systems Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥50.2 Mil. Contec Medical Systems Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥456.3 Mil. Contec Medical Systems Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Contec Medical Systems Co's Days Inventory for the three months ended in Mar. 2024 was 829.55.

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. Contec Medical Systems Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.60.

Contec Medical Systems Co Inventory Turnover Historical Data

The historical data trend for Contec Medical Systems 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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Contec Medical Systems Co Inventory Turnover Chart

Contec Medical Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.70

2.84

1.32

0.88

0.71

Contec Medical Systems 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															0.28	0.12	0.13	0.12	0.11

Contec Medical Systems Co Inventory Turnover Calculation

Contec Medical Systems 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 )
=	316.821	/ (	(430.236	+	463.227)	/	2 )
=	316.821	/	446.7315
=	0.71

Contec Medical Systems 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 )
=	50.192	/ (	(463.227	+	449.359)	/	2 )
=	50.192	/	456.293
=	0.11

Contec Medical Systems Co (SZSE:300869) 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.

Contec Medical Systems 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
	=	456.293	/	50.192	*	365 / 4
	=	829.55

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.

Contec Medical Systems 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 )
	=	456.293	/	99.175
	=	4.60

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.

Contec Medical Systems Co Inventory Turnover Related Terms

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Contec Medical Systems Co (SZSE:300869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Contec Medical Systems Co Ltd (SZSE:300869) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 112, Qinhuang West Street, Economic and Technological Development Zone, Hebei Province, Qinhuangdao, CHN, 066004

Website

http://www.contecmed.com.cn

Contec Medical Systems Co Ltd is engaged in research and development, production and sales of medical diagnosis and monitoring equipment. The company's products portfolio includes Blood pressure series; Blood oxygen series; Multi-parameter monitoring series; In Vitro Diagnostic Series; EEG series; Breathing sleep series; ECG series; Digital Image Series; Fetal Monitoring Series; Arteriosclerosis Series; Telemedicine and health management; and Home health products.

Executives

Xu Yun Long	Executives
Zheng Min	Directors, Directors, and Executives
Yang Zhi Shan	Directors, executives
Wang Gui Li	Director
Liu Zhen Hong	Executives
Kou Guo Zhi	Executives
Gao Rui Bin	Supervisors
Fu Chun Yuan	Executives

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