Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) Inventory Turnover : 1.07 (As of Jun. 2024)

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What is Sichuan Gangtong Medical Equipment 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. Sichuan Gangtong Medical Equipment Group Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥299.4 Mil. Sichuan Gangtong Medical Equipment Group Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥280.2 Mil. Sichuan Gangtong Medical Equipment Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Gangtong Medical Equipment Group Co's Days Inventory for the three months ended in Jun. 2024 was 85.41.

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. Sichuan Gangtong Medical Equipment Group Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.78.

Sichuan Gangtong Medical Equipment Group Co Inventory Turnover Historical Data

The historical data trend for Sichuan Gangtong Medical Equipment 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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Sichuan Gangtong Medical Equipment Group Co Inventory Turnover Chart

Sichuan Gangtong Medical Equipment Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.66

1.78

2.09

2.40

2.41

Sichuan Gangtong Medical Equipment Group Co Quarterly Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.76	0.22	0.91	0.18	1.07

Sichuan Gangtong Medical Equipment Group Co Inventory Turnover Calculation

Sichuan Gangtong Medical Equipment 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 )
=	612.748	/ (	(211.838	+	295.736)	/	2 )
=	612.748	/	253.787
=	2.41

Sichuan Gangtong Medical Equipment Group 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 )
=	299.364	/ (	(338.826	+	221.608)	/	2 )
=	299.364	/	280.217
=	1.07

Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) 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.

Sichuan Gangtong Medical Equipment Group 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
	=	280.217	/	299.364	*	365 / 4
	=	85.41

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.

Sichuan Gangtong Medical Equipment Group 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 )
	=	280.217	/	360.823
	=	0.78

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.

Sichuan Gangtong Medical Equipment Group Co Inventory Turnover Related Terms

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Sichuan Gangtong Medical Equipment Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sichuan Gangtong Medical Equipment Group Co Ltd (SZSE:301515) » Definitions » Inventory Turnover

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Address

No. 356, South Section of Kailiwei Industrial Avenue, Sichuan, Jianyang, CHN, 641400

Website

http://www.gtjt.com

Sichuan Gangtong Medical Equipment Group Co Ltd is a modern provider of medical device research & development and manufacturing and medical professional system overall solutions. It is committed to solving the problems of medical gas supply and medical infection, providing various medical institutions with safe, stable, reliable and intelligent life support systems and life support areas.

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