State Grid Yingda Co (SHSE:600517) Inventory Turnover : 0.74 (As of Mar. 2024)

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What is State Grid Yingda 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. State Grid Yingda Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,005 Mil. State Grid Yingda Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,355 Mil. State Grid Yingda Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. State Grid Yingda Co's Days Inventory for the three months ended in Mar. 2024 was 123.06.

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. State Grid Yingda Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

State Grid Yingda Co Inventory Turnover Historical Data

The historical data trend for State Grid Yingda 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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State Grid Yingda Co Inventory Turnover Chart

State Grid Yingda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.23

5.82

6.09

6.22

5.46

State Grid Yingda 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															0.79	1.25	0.93	1.80	0.74

State Grid Yingda Co Inventory Turnover Calculation

State Grid Yingda 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 )
=	6449.488	/ (	(1137.847	+	1225.658)	/	2 )
=	6449.488	/	1181.7525
=	5.46

State Grid Yingda 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 )
=	1004.747	/ (	(1225.658	+	1484.292)	/	2 )
=	1004.747	/	1354.975
=	0.74

State Grid Yingda Co (SHSE:600517) 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.

State Grid Yingda 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
	=	1354.975	/	1004.747	*	365 / 4
	=	123.06

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.

State Grid Yingda 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 )
	=	1354.975	/	2041.658
	=	0.66

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.

State Grid Yingda Co Inventory Turnover Related Terms

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State Grid Yingda Co (SHSE:600517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » State Grid Yingda Co Ltd (SHSE:600517) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 2239 Hongqiao Road, Shanghai, CHN, 200335

Website

http://www.zhixindianqi.com.cn

State Grid Yingda Co Ltd, formerly Shanghai Zhixin Electric Co Ltd specializes in the development, production and sale of amorphous alloy transformers in China.

Executives

Xing Jun	senior management
Li Li	senior management
Que Lian Yuan	senior management
Chen Ying Yi	Director
Zhang Hui Yong	senior management
Niu Xi Hong	senior management
Chen Li Quan	senior management
Zhang Chun	senior management
Ling Jian	senior management
Liu Jian Xin	senior management
Zhang Jian Ming	Director

State Grid Yingda Co (SHSE:600517) Headlines

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