Kingsoft (Kingsoft) Inventory Turnover : 23.87 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Kingsoft 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. Kingsoft's Cost of Goods Sold for the three months ended in Dec. 2023 was $58 Mil. Kingsoft's Average Total Inventories for the quarter that ended in Dec. 2023 was $2 Mil. Kingsoft's Inventory Turnover for the quarter that ended in Dec. 2023 was 23.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingsoft's Days Inventory for the three months ended in Dec. 2023 was 3.82.

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. Kingsoft's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Kingsoft Inventory Turnover Historical Data

The historical data trend for Kingsoft'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.

Kingsoft Inventory Turnover Chart

Kingsoft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

57.30

53.40

62.26

75.49

87.40

Kingsoft Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															20.27	19.06	19.40	19.98	23.87

Kingsoft Inventory Turnover Calculation

Kingsoft'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 )
=	210.536	/ (	(2.63	+	2.188)	/	2 )
=	210.536	/	2.409
=	87.40

Kingsoft'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	57.965	/ (	(2.668	+	2.188)	/	2 )
=	57.965	/	2.428
=	23.87

Kingsoft (OTCPK:KSFTF) 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.

Kingsoft's Days Inventory for the three 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
	=	2.428	/	57.965	*	365 / 4
	=	3.82

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.

Kingsoft'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 )
	=	2.428	/	323.539
	=	0.01

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.

Kingsoft Inventory Turnover Related Terms

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

Kingsoft (Kingsoft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kingsoft Corp Ltd (OTCPK:KSFTF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

03888:Hong Kong 3K1:Germany

Address

No. 33 Xierqi Middle Road, Xiaomi Campus, Building D, Haidian District, Beijing, CHN, 100085

Website

https://www.kingsoft.com

Kingsoft Corp Ltd is a Chinese software and Internet services company. The company's operating segment includes entertainment software and others and office software and services. It generates maximum revenue from the entertainment software and others segment. The entertainment software and others segment is engaged in the research and development of games, and the provision of online games, mobile games and casual game services. Geographically, it derives a majority of revenue from Mainland China.

Kingsoft (Kingsoft) Headlines

From GuruFocus

Matthews China Fund Comments on Kingsoft

By Sydnee Gatewood Sydnee Gatewood • 01-25-2021

Matthews China Fund's Top 4 New Buys of the 4th Quarter

By James Li James Li • 02-10-2021

Kingsoft Announces 2022 Annual and Fourth Quarter Results

By ACN Newswire ACN Newswire • 03-23-2023

Kingsoft Announces 2023 Third Quarter Results

By ACN Newswire • 11-21-2023

Kingsoft Announces 2023 Interim and Second Quarter Results

By ACN Newswire • 08-22-2023