Nanjing Toua Hardware & Tools Co (SZSE:301125) Inventory Turnover : 0.91 (As of Jun. 2024)

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What is Nanjing Toua Hardware & Tools 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. Nanjing Toua Hardware & Tools Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥116.9 Mil. Nanjing Toua Hardware & Tools Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥127.8 Mil. Nanjing Toua Hardware & Tools Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nanjing Toua Hardware & Tools Co's Days Inventory for the three months ended in Jun. 2024 was 99.78.

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. Nanjing Toua Hardware & Tools Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.84.

Nanjing Toua Hardware & Tools Co Inventory Turnover Historical Data

The historical data trend for Nanjing Toua Hardware & Tools 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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Nanjing Toua Hardware & Tools Co Inventory Turnover Chart

Nanjing Toua Hardware & Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.35

3.53

4.06

3.61

3.23

Nanjing Toua Hardware & Tools Co Quarterly Data
	Dec17	Dec18	Dec19	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															0.89	0.84	0.74	0.89	0.91

Nanjing Toua Hardware & Tools Co Inventory Turnover Calculation

Nanjing Toua Hardware & Tools 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 )
=	333.884	/ (	(81.97	+	124.684)	/	2 )
=	333.884	/	103.327
=	3.23

Nanjing Toua Hardware & Tools 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 )
=	116.922	/ (	(122.192	+	133.505)	/	2 )
=	116.922	/	127.8485
=	0.91

Nanjing Toua Hardware & Tools Co (SZSE:301125) 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.

Nanjing Toua Hardware & Tools 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
	=	127.8485	/	116.922	*	365 / 4
	=	99.78

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.

Nanjing Toua Hardware & Tools 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 )
	=	127.8485	/	152.509
	=	0.84

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.

Nanjing Toua Hardware & Tools Co Inventory Turnover Related Terms

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Nanjing Toua Hardware & Tools Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Toua Hardware & Tools Co Ltd (SZSE:301125) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 129, Linqi Road, Dongshan Street, Jiangning District, Jiangsu Province, Nanjing, CHN, 210000

Website

http://www.tengyanjjg.com

Nanjing Toua Hardware & Tools Co Ltd is engaged in production and sales of nail fastening equipment and architectural hardware products. The company specializes in the manufacturing of moulds, die casting, injection molding, spraying, assembly and other processes.

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