AVIC Airborne Systems Co (SHSE:600372) Inventory Turnover : 0.30 (As of Mar. 2024)

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What is AVIC Airborne Systems 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. AVIC Airborne Systems Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,225 Mil. AVIC Airborne Systems Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥14,011 Mil. AVIC Airborne Systems Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AVIC Airborne Systems Co's Days Inventory for the three months ended in Mar. 2024 was 302.60.

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. AVIC Airborne Systems Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.48.

AVIC Airborne Systems Co Inventory Turnover Historical Data

The historical data trend for AVIC Airborne Systems 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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AVIC Airborne Systems Co Inventory Turnover Chart

AVIC Airborne Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.50

1.42

1.29

2.07

1.52

AVIC Airborne Systems 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															0.45	0.55	0.36	0.40	0.30

AVIC Airborne Systems Co Inventory Turnover Calculation

AVIC Airborne Systems 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 )
=	20381.983	/ (	(13009.116	+	13893.543)	/	2 )
=	20381.983	/	13451.3295
=	1.52

AVIC Airborne Systems 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 )
=	4225.002	/ (	(13893.543	+	14128.171)	/	2 )
=	4225.002	/	14010.857
=	0.30

AVIC Airborne Systems Co (SHSE:600372) 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.

AVIC Airborne Systems 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
	=	14010.857	/	4225.002	*	365 / 4
	=	302.60

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.

AVIC Airborne Systems 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 )
	=	14010.857	/	5642.632
	=	2.48

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.

AVIC Airborne Systems Co Inventory Turnover Related Terms

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AVIC Airborne Systems Co (SHSE:600372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AVIC Airborne Systems Co Ltd (SHSE:600372) » Definitions » Inventory Turnover

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Address

Jinghai 2nd Road, Beijing Economic and Technological Development Zone, Building 8, Yard 29, Beijing, CHN

Website

http://www.avic.com.cn

AVIC Airborne Systems Co Ltd Formerly China Avionics Systems Co Ltd engages in the research and development, production, sale, and services of engine auxiliary machinery systems and equipment for aviation. The company has aviation and armament equipment, military transport aircraft, helicopters, airborne systems and auto parts, general aviation, aviation research, flight testing, aviation supply chain and military trade, asset management, finance, engineering construction, automotive and other industries. The company also provides property leasing, technical, and consultancy services.

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