Changzhou Architectural Research Institute Group Co (SZSE:301115) Inventory Turnover : 5.63 (As of Sep. 2024)

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What is Changzhou Architectural Research Institute Group 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. Changzhou Architectural Research Institute Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥226 Mil. Changzhou Architectural Research Institute Group Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥40 Mil. Changzhou Architectural Research Institute Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 5.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changzhou Architectural Research Institute Group Co's Days Inventory for the three months ended in Sep. 2024 was 16.22.

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. Changzhou Architectural Research Institute Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.11.

Changzhou Architectural Research Institute Group Co Inventory Turnover Historical Data

The historical data trend for Changzhou Architectural Research Institute Group 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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Changzhou Architectural Research Institute Group Co Inventory Turnover Chart

Changzhou Architectural Research Institute Group Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.66

25.25

22.67

25.66

Changzhou Architectural Research Institute Group Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															5.54	7.89	3.53	5.87	5.63

Changzhou Architectural Research Institute Group Co Inventory Turnover Calculation

Changzhou Architectural Research Institute Group 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 )
=	862.837	/ (	(30.135	+	37.125)	/	2 )
=	862.837	/	33.63
=	25.66

Changzhou Architectural Research Institute Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	225.502	/ (	(39.582	+	40.593)	/	2 )
=	225.502	/	40.0875
=	5.63

Changzhou Architectural Research Institute Group Co (SZSE:301115) 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.

Changzhou Architectural Research Institute Group Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	40.0875	/	225.502	*	365 / 4
	=	16.22

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.

Changzhou Architectural Research Institute Group Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	40.0875	/	358.946
	=	0.11

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.

Changzhou Architectural Research Institute Group Co Inventory Turnover Related Terms

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Changzhou Architectural Research Institute Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changzhou Architectural Research Institute Group Co Ltd (SZSE:301115) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 10, Mushu Road, Jiangsu Province, Changzhou, CHN, 213015

Website

https://www.czjky.com

Changzhou Architectural Research Institute Group Co Ltd is engaged in providing comprehensive services for the life cycle of buildings, and building a green, healthy, energy-saving, environmentally friendly, people-oriented livable environment. Its business covers housing construction, municipal administration, water conservancy, railway, environment, bridge, transportation, rail transit, surveying and mapping and other fields.

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