Grand Baoxin Auto Group (HKSE:01293) Inventory Turnover : 4.42 (As of Dec. 2023)

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What is Grand Baoxin Auto Group 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. Grand Baoxin Auto Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$17,008 Mil. Grand Baoxin Auto Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$3,851 Mil. Grand Baoxin Auto Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grand Baoxin Auto Group's Days Inventory for the six months ended in Dec. 2023 was 41.32.

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. Grand Baoxin Auto Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

Grand Baoxin Auto Group Inventory Turnover Historical Data

The historical data trend for Grand Baoxin Auto Group'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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Grand Baoxin Auto Group Inventory Turnover Chart

Grand Baoxin Auto Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.71

9.24

10.71

9.96

8.91

Grand Baoxin Auto Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															5.34	3.99	5.00	4.46	4.42

Grand Baoxin Auto Group Inventory Turnover Calculation

Grand Baoxin Auto Group'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 )
=	33483.16	/ (	(3599.155	+	3913.16)	/	2 )
=	33483.16	/	3756.1575
=	8.91

Grand Baoxin Auto Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	17008.301	/ (	(3789.191	+	3913.16)	/	2 )
=	17008.301	/	3851.1755
=	4.42

Grand Baoxin Auto Group (HKSE:01293) 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.

Grand Baoxin Auto Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3851.1755	/	17008.301	*	365 / 2
	=	41.32

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.

Grand Baoxin Auto Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3851.1755	/	17431.521
	=	0.22

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.

Grand Baoxin Auto Group Inventory Turnover Related Terms

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Grand Baoxin Auto Group (HKSE:01293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Grand Baoxin Auto Group Ltd (HKSE:01293) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GBXXY:USA

Address

No. 3998 Hongxin Road, Grand Baoxin Building, Minhang District, Shanghai, CHN

Website

http://www.klbaoxin.com

Grand Baoxin Auto Group Ltd is an automobile sales and service group which focuses on mid-and-high end brands as well as luxury and ultra-luxury brands. It has only one reportable segment being the Sale of Motor Vehicles and the Provision of Related Services. The company offers a full range of integrated services, providing a range of services including new car sales, after-sales maintenance, auto beauty modification, used car sales, auto insurance business, auto parts sales, and other automotive-related product sales. The company's car brand portfolio comprises of Audi, Jaguar Land Rover, Volvo, Cadillac, Chrysler, Alfa Romeo, Porsche, Rolls Royce, and others. The company operates in Mainland China.

Executives

Sun Guangxin	2201 Interest of corporation controlled by you
Xin Jiang Guang Hui Shi Ye Tou Zi Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guang Hui Qi Che Fu Wu Xiang Gang You Xian Gong Si	2101 Beneficial owner
Guang Hui Qi Che Fu Wu You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guang Hui Qi Che Fu Wu Ji Tuan Gu Fen Gong Si Guang Hui Qi Che Fu Wu Gu Fen Gong Si	2201 Interest of corporation controlled by you
Shang Hai Hui Yong Qi Che Xiao Shou You Xian Gong Si	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
M Asia Holding Limited	2201 Interest of corporation controlled by you
Yang Chu Yu	2307 Founder of a discretionary trust who can infl
Extensive Success Holding Limited	2201 Interest of corporation controlled by you
Yang Aihua	2307 Founder of a discretionary trust who can infl
Baoxin Investment Management Ltd.	2101 Beneficial owner

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