Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Inventory Turnover : 0.78 (As of Mar. 2024)

Tianjin Jinrong Tianyu Precision Machinery Inventory Turnover Chart

Tianjin Jinrong Tianyu Precision Machinery Annual Data
	Trend	Dec12	Dec13	Dec14	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Inventory Turnover		Get a 7-Day Free Trial					-	3.77	4.02	3.58	3.29

Tianjin Jinrong Tianyu Precision Machinery Quarterly Data
	Mar19	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															0.78	1.01	0.81	0.78	0.78

Tianjin Jinrong Tianyu Precision Machinery Inventory Turnover Calculation

Tianjin Jinrong Tianyu Precision Machinery's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Tianjin Jinrong Tianyu Precision Machinery's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

* 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.

Tianjin Jinrong Tianyu Precision Machinery  (SZSE:300988) 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.

Tianjin Jinrong Tianyu Precision Machinery's Days Inventory for the three months ended in Mar. 2024 is calculated as:

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.

Tianjin Jinrong Tianyu Precision Machinery's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

* 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.

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.

Tianjin Jinrong Tianyu Precision Machinery Inventory Turnover Related Terms

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Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Business Description