Beijing Gehua CATV Network Co (SHSE:600037) Inventory Turnover : 2.00 (As of Mar. 2024)

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What is Beijing Gehua CATV Network 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. Beijing Gehua CATV Network Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥455 Mil. Beijing Gehua CATV Network Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥227 Mil. Beijing Gehua CATV Network Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Gehua CATV Network Co's Days Inventory for the three months ended in Mar. 2024 was 45.55.

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 Gehua CATV Network Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Beijing Gehua CATV Network Co Inventory Turnover Historical Data

The historical data trend for Beijing Gehua CATV Network 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.

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Beijing Gehua CATV Network Co Inventory Turnover Chart

Beijing Gehua CATV Network Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.47

5.26

5.42

6.02

7.53

Beijing Gehua CATV Network Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.36	1.50	1.55	2.82	2.00

Beijing Gehua CATV Network Co Inventory Turnover Calculation

Beijing Gehua CATV Network 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 )
=	2153.399	/ (	(343.185	+	228.4)	/	2 )
=	2153.399	/	285.7925
=	7.53

Beijing Gehua CATV Network Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	454.616	/ (	(228.4	+	225.461)	/	2 )
=	454.616	/	226.9305
=	2.00

Beijing Gehua CATV Network Co (SHSE:600037) 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 Gehua CATV Network Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	226.9305	/	454.616	*	365 / 4
	=	45.55

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 Gehua CATV Network Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	226.9305	/	529.54
	=	0.43

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 Gehua CATV Network Co Inventory Turnover Related Terms

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Beijing Gehua CATV Network Co (SHSE:600037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beijing Gehua CATV Network Co Ltd (SHSE:600037) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.35 Huayuan North Road, Haidian District, Beijing, CHN, 100083

Website

http://www.bgctv.com.cn

Beijing Gehua CATV Network Co Ltd is engaged in the development and maintenance of radio and television networks. It is involved in the transfer and transmission of radio and television programs, video on demand, network information service business, internet access services based on cable television networks, internet data transmission value-added services, domestic IP telephony services, and cable television advertising design, production, and distribution services. The service scope covers cities, districts, streets, communities and other levels, covering education, finance, medical care, environmental protection, transportation, commerce, safety supervision and other fields.

Executives

Tang Wen Wei

senior management

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