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Zhejiang Leapmotor Technology Co (HKSE:09863) Inventory Turnover : 6.56 (As of Dec. 2023)


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What is Zhejiang Leapmotor Technology 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. Zhejiang Leapmotor Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$11,497 Mil. Zhejiang Leapmotor Technology Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,753 Mil. Zhejiang Leapmotor Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Leapmotor Technology Co's Days Inventory for the six months ended in Dec. 2023 was 27.83.

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. Zhejiang Leapmotor Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Zhejiang Leapmotor Technology Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Leapmotor Technology 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.

* Premium members only.

Zhejiang Leapmotor Technology Co Inventory Turnover Chart

Zhejiang Leapmotor Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
1.39 5.64 9.76 11.12 9.51

Zhejiang Leapmotor Technology Co Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial - 8.18 4.51 3.76 6.56

Zhejiang Leapmotor Technology Co Inventory Turnover Calculation

Zhejiang Leapmotor Technology 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 )
=18229.159 / ((1952.971 + 1880.722) / 2 )
=18229.159 / 1916.8465
=9.51

Zhejiang Leapmotor Technology Co'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 )
=11497.066 / ((1625.579 + 1880.722) / 2 )
=11497.066 / 1753.1505
=6.56

* 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.

Zhejiang Leapmotor Technology Co  (HKSE:09863) 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.

Zhejiang Leapmotor Technology Co'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
=1753.1505/11497.066*365 / 2
=27.83

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.

Zhejiang Leapmotor Technology Co'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 )
=1753.1505 / 11958.892
=0.15

* 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.

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.

Zhejiang Leapmotor Technology Co Inventory Turnover Related Terms

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Zhejiang Leapmotor Technology Co (HKSE:09863) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Leapmotor Technology Co Ltd (HKSE:09863) » Definitions » Inventory Turnover
Comparable Companies
HKSE:00489 HKSE:01585 HKSE:01114 HKSE:01958 HKSE:02451 HKSE:01122 HKSE:00175 TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F GM NSE:MARUTI LI
Traded in Other Exchanges
N/A
Address
No. 451 Wulianwang Street, 1st Floor, Binjiang District, Zhejiang Province, Hangzhou, CHN
Website
https://www.leapmotor.com
Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC.
Executives
Chen Ailing 2202 Interest of your spouse
Fu Liquan 2201 Interest of corporation controlled by you
Liu Yunzhen 2202 Interest of your spouse
Zhu Jiangming 2103 Interests held jointly with another person
Fu Yiqin 2201 Interest of corporation controlled by you
Guo Xin Zheng Quan Gu Fen You Xian Gong Si 2501 Other
Ning Bo Hua Ling Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Stellantis N.v. 2101 Beneficial owner
Chen Ailing 2103 Interests held jointly with another person
Fu Liquan 2103 Interests held jointly with another person
Liu Yunzhen 2202 Interest of your spouse
Zhu Jiangming 2103 Interests held jointly with another person
Fu Yiqin 2201 Interest of corporation controlled by you
Hang Zhou Guo Shun Ling Pao Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo 2101 Beneficial owner

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