360 Ludashi Holdings (HKSE:03601) Inventory Turnover : 2,504.44 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is 360 Ludashi Holdings 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. 360 Ludashi Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$463.3 Mil. 360 Ludashi Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$0.2 Mil. 360 Ludashi Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2,504.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 360 Ludashi Holdings's Days Inventory for the six months ended in Dec. 2023 was 0.07.

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. 360 Ludashi Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

360 Ludashi Holdings Inventory Turnover Historical Data

The historical data trend for 360 Ludashi Holdings'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.

* Premium members only.

360 Ludashi Holdings Inventory Turnover Chart

360 Ludashi Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

74.64

76.70

526.22

522.86

4,146.75

360 Ludashi Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								182.24	197.71	261.33	1,077.53	2,504.44

360 Ludashi Holdings Inventory Turnover Calculation

360 Ludashi Holdings'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 )
=	684.213	/ (	(0.185	+	0.145)	/	2 )
=	684.213	/	0.165
=	4,146.75

360 Ludashi Holdings'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 )
=	463.321	/ (	(0.225	+	0.145)	/	2 )
=	463.321	/	0.185
=	2,504.44

360 Ludashi Holdings (HKSE:03601) 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.

360 Ludashi Holdings'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
	=	0.185	/	463.321	*	365 / 2
	=	0.07

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.

360 Ludashi Holdings'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 )
	=	0.185	/	545.481
	=	0.00

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.

360 Ludashi Holdings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of 360 Ludashi Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

360 Ludashi Holdings (HKSE:03601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 360 Ludashi Holdings Ltd (HKSE:03601) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1268 Tianfu Avenue, 11th Floor, 11-24 Tianfu Software Site E1, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

https://www.ludashi.com

360 Ludashi Holdings Ltd is a hardware and system benchmarking and monitoring solutions provider for PC and mobile devices in China. It is principally engaged in the online traffic monetization, electronic devices sales, provision of online advertising services, online game business, sales of smart accessories, certified pre-owned and factory smartphones and certified pre-owned and factory other electronic devices in the PRC. It derives a majority of revenue from online advertising services.

360 Ludashi Holdings (HKSE:03601) Headlines

No Headlines