China CYTS Tours Holding Co (SHSE:600138) Inventory Turnover : 0.79 (As of Mar. 2024)

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What is China CYTS Tours Holding 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. China CYTS Tours Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,525 Mil. China CYTS Tours Holding Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,935 Mil. China CYTS Tours Holding Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China CYTS Tours Holding Co's Days Inventory for the three months ended in Mar. 2024 was 115.77.

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. China CYTS Tours Holding Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.01.

China CYTS Tours Holding Co Inventory Turnover Historical Data

The historical data trend for China CYTS Tours Holding 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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China CYTS Tours Holding Co Inventory Turnover Chart

China CYTS Tours Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.78

2.20

2.80

2.52

3.56

China CYTS Tours Holding 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															0.61	0.91	0.87	1.09	0.79

China CYTS Tours Holding Co Inventory Turnover Calculation

China CYTS Tours Holding 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 )
=	7278.81	/ (	(2123.71	+	1968.871)	/	2 )
=	7278.81	/	2046.2905
=	3.56

China CYTS Tours Holding 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 )
=	1525.377	/ (	(1968.871	+	1901.495)	/	2 )
=	1525.377	/	1935.183
=	0.79

China CYTS Tours Holding Co (SHSE:600138) 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.

China CYTS Tours Holding 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
	=	1935.183	/	1525.377	*	365 / 4
	=	115.77

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.

China CYTS Tours Holding 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 )
	=	1935.183	/	1922.318
	=	1.01

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.

China CYTS Tours Holding Co Inventory Turnover Related Terms

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China CYTS Tours Holding Co (SHSE:600138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China CYTS Tours Holding Co Ltd (SHSE:600138) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Dongzhimen South Street, Zhongyuelv Building, Dongcheng District, Beijing, CHN, 100007

Website

http://www.cytsonline.com

China CYTS Tours Holding Co Ltd is a China-based company engaged in the tourism services industry. It provides services including holiday booking services, the domestic tourist resort, island tourist resort and other services and benefits. The company provides tourism services which include both the domestic and international tour vacations.

Executives

Yuan Hao	senior management
Ding Yuan Wei	Director
Yin Xing Fu	Director
Liu Guang Ming	Director
Zhang Li Jun	Director

China CYTS Tours Holding Co (SHSE:600138) Headlines

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