Yutong Bus Co (SHSE:600066) Inventory Turnover : 1.12 (As of Mar. 2024)

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What is Yutong Bus 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. Yutong Bus Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,972 Mil. Yutong Bus Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥4,455 Mil. Yutong Bus Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yutong Bus Co's Days Inventory for the three months ended in Mar. 2024 was 81.75.

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. Yutong Bus Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.67.

Yutong Bus Co Inventory Turnover Historical Data

The historical data trend for Yutong Bus 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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Yutong Bus Co Inventory Turnover Chart

Yutong Bus Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.60

3.81

3.40

3.06

4.27

Yutong Bus 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															0.57	1.19	1.34	1.25	1.12

Yutong Bus Co Inventory Turnover Calculation

Yutong Bus 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 )
=	20105.991	/ (	(4893.551	+	4513.288)	/	2 )
=	20105.991	/	4703.4195
=	4.27

Yutong Bus 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 )
=	4972.485	/ (	(4513.288	+	4396.791)	/	2 )
=	4972.485	/	4455.0395
=	1.12

Yutong Bus Co (SHSE:600066) 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.

Yutong Bus 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
	=	4455.0395	/	4972.485	*	365 / 4
	=	81.75

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.

Yutong Bus 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 )
	=	4455.0395	/	6615.975
	=	0.67

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.

Yutong Bus Co Inventory Turnover Related Terms

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Yutong Bus Co (SHSE:600066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Yutong Bus Co Ltd (SHSE:600066) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

66 Yuxing Road, Zhengzhou Economic and Technological Development Zone, Henan Province, Zhengzhou, CHN, 450016

Website

http://www.yutong.com

Yutong is the global market leader in buses, with close to 90% of revenue coming from sales in China. It is also China's largest bus manufacturer with around 30% of market share in medium and large buses. With the highest production capacity in its core segment, the company continues to benefit from the Chinese central government's subsidies for electric vehicles. Yutong's current product portfolio covers nearly all bus segments, including motor coach, shuttle, and school bus. While the firm started as a state-owned enterprise, a team of 23 company managers launched a management buyout in 2001 and eventually took over the firm in 2003.

Executives

Yu Li	Directors, senior managers
Feng Ding Yong	Director
Sun Xi Shun	Supervisors
Cao Zhong Yan	senior management
Yang Bo	Directors, senior managers
Cao Jian Wei	Director
Zhang Tao	Director
Wang Wen Bing	senior management
Yang Xiang Ying	Director
Han Jun	Director

Yutong Bus Co (SHSE:600066) Headlines

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