Beijing UBOX Online Technology (HKSE:02429) Inventory Turnover : 5.63 (As of Dec. 2023)

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What is Beijing UBOX Online Technology 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. Beijing UBOX Online Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$928 Mil. Beijing UBOX Online Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$165 Mil. Beijing UBOX Online Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing UBOX Online Technology's Days Inventory for the six months ended in Dec. 2023 was 32.44.

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. Beijing UBOX Online Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Beijing UBOX Online Technology Inventory Turnover Historical Data

The historical data trend for Beijing UBOX Online Technology'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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Beijing UBOX Online Technology Inventory Turnover Chart

Beijing UBOX Online Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

6.05

7.32

9.48

8.27

9.84

Beijing UBOX Online Technology Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			-	3.24	5.63	5.37	5.63

Beijing UBOX Online Technology Inventory Turnover Calculation

Beijing UBOX Online Technology'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 )
=	1731.836	/ (	(160.681	+	191.305)	/	2 )
=	1731.836	/	175.993
=	9.84

Beijing UBOX Online Technology'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 )
=	928.234	/ (	(138.729	+	191.305)	/	2 )
=	928.234	/	165.017
=	5.63

Beijing UBOX Online Technology (HKSE:02429) 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.

Beijing UBOX Online Technology'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
	=	165.017	/	928.234	*	365 / 2
	=	32.44

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.

Beijing UBOX Online Technology'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 )
	=	165.017	/	1552.446
	=	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.

Beijing UBOX Online Technology Inventory Turnover Related Terms

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Beijing UBOX Online Technology (HKSE:02429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing UBOX Online Technology Corp (HKSE:02429) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Second Shenyun Road, 4th Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan, Shenzhen, CHN

Website

https://www.uboxol.com

Beijing UBOX Online Technology Corp is a vending machine operator in mainland China. It has rapidly established an extensive point-of-sale, or POS, network covering a wide range of consumption scenarios, including schools, factories, office premises, public venues, transportation hubs and restaurants. Through its expansive POS network, it is able to provide services to a variety of participants along the unmanned retail industry value chain. The company operates in five business segments; Unmanned retail business, Advertising and system support services, Merchandise wholesale, Vending machine sales and leases, and Others.

Beijing UBOX Online Technology (HKSE:02429) Headlines

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