China National Software & Service Co (SHSE:600536) Inventory Turnover : 0.27 (As of Mar. 2024)

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What is China National Software & Service 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 National Software & Service Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥297 Mil. China National Software & Service Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,104 Mil. China National Software & Service Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China National Software & Service Co's Days Inventory for the three months ended in Mar. 2024 was 339.16.

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 National Software & Service Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.57.

China National Software & Service Co Inventory Turnover Historical Data

The historical data trend for China National Software & Service 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 National Software & Service Co Inventory Turnover Chart

China National Software & Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.57

3.61

3.39

3.20

3.35

China National Software & Service 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															0.48	0.48	0.70	1.36	0.27

China National Software & Service Co Inventory Turnover Calculation

China National Software & Service 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 )
=	4242.952	/ (	(1553.656	+	976.557)	/	2 )
=	4242.952	/	1265.1065
=	3.35

China National Software & Service 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 )
=	296.905	/ (	(976.557	+	1230.533)	/	2 )
=	296.905	/	1103.545
=	0.27

China National Software & Service Co (SHSE:600536) 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 National Software & Service 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
	=	1103.545	/	296.905	*	365 / 4
	=	339.16

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 National Software & Service 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 )
	=	1103.545	/	702.706
	=	1.57

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 National Software & Service Co Inventory Turnover Related Terms

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China National Software & Service Co (SHSE:600536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China National Software & Service Co Ltd (SHSE:600536) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 18, Chang Sheng Road, Changping District, Beijing, CHN, 102200

Website

https://www.css.com.cn

China National Software & Service Co Ltd is a software company to specialize in providing high-quality firmware, enterprise information systems software and a broad portfolio of other IT and software development services.

Executives

Yang Chun Ping	senior management
Chen Fu Xing	senior management
He Wen Zhe	senior management
Fu Xing Bin	Directors, senior managers
Du Qian	senior management
Han Guang	senior management
Wu Jing	senior management
Zhou Jin Jun	Director
Shang Ming	senior management
Cheng Chun Ping	Director
Cui Hui	Director

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