Tsinghua Tongfang Co (SHSE:600100) Inventory Turnover : 0.29 (As of Mar. 2024)

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What is Tsinghua Tongfang 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. Tsinghua Tongfang Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,329 Mil. Tsinghua Tongfang Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥8,079 Mil. Tsinghua Tongfang Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tsinghua Tongfang Co's Days Inventory for the three months ended in Mar. 2024 was 316.58.

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. Tsinghua Tongfang Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.75.

Tsinghua Tongfang Co Inventory Turnover Historical Data

The historical data trend for Tsinghua Tongfang 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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Tsinghua Tongfang Co Inventory Turnover Chart

Tsinghua Tongfang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.05

2.29

2.50

2.02

2.76

Tsinghua Tongfang 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															0.38	0.48	0.59	0.90	0.29

Tsinghua Tongfang Co Inventory Turnover Calculation

Tsinghua Tongfang 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 )
=	23712.748	/ (	(9485.317	+	7724.069)	/	2 )
=	23712.748	/	8604.693
=	2.76

Tsinghua Tongfang 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 )
=	2328.762	/ (	(7724.069	+	8434.801)	/	2 )
=	2328.762	/	8079.435
=	0.29

Tsinghua Tongfang Co (SHSE:600100) 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.

Tsinghua Tongfang 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
	=	8079.435	/	2328.762	*	365 / 4
	=	316.58

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.

Tsinghua Tongfang 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 )
	=	8079.435	/	2934.505
	=	2.75

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.

Tsinghua Tongfang Co Inventory Turnover Related Terms

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Tsinghua Tongfang Co (SHSE:600100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tsinghua Tongfang Co Ltd (SHSE:600100) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 1 Wangzhuang Road, 30th Floor, Tower A, Tsinghua Tongfang Technology Building, Haidian District, Beijing, CHN, 100083

Website

http://www.thtf.com.cn

Tsinghua Tongfang Co Ltd is a China-based company primarily engaged in the business of manufacturing personal computers. It develops computers, internet applications, microelectronics, radio frequency technology, multimedia, semiconductors, lighting, digital TVs and environmental technology products. The company also provides intelligence and information services for many buildings, subway lines, and high-speed rail passenger stations. The company is involved in the public safety industry, industrial manufacturing industry, lighting industry, science, and technology park and other businesses.

Executives

Liu Wei Dong	senior management
Zhang Yu Zhou	senior management
Lu Zhi Cheng	Director

Tsinghua Tongfang Co (SHSE:600100) Headlines

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