Tiand Di Science & Technology Co (SHSE:600582) Inventory Turnover : 0.90 (As of Mar. 2024)

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What is Tiand Di Science & Technology 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. Tiand Di Science & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,114 Mil. Tiand Di Science & Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥5,680 Mil. Tiand Di Science & Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tiand Di Science & Technology Co's Days Inventory for the three months ended in Mar. 2024 was 101.35.

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. Tiand Di Science & Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

Tiand Di Science & Technology Co Inventory Turnover Historical Data

The historical data trend for Tiand Di Science & Technology 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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Tiand Di Science & Technology Co Inventory Turnover Chart

Tiand Di Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.41

2.95

3.63

4.06

4.07

Tiand Di Science & Technology 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															0.81	0.85	0.81	1.03	0.90

Tiand Di Science & Technology Co Inventory Turnover Calculation

Tiand Di Science & Technology 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 )
=	20671.284	/ (	(4953.655	+	5192.238)	/	2 )
=	20671.284	/	5072.9465
=	4.07

Tiand Di Science & Technology 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 )
=	5114.042	/ (	(5192.238	+	6167.581)	/	2 )
=	5114.042	/	5679.9095
=	0.90

Tiand Di Science & Technology Co (SHSE:600582) 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.

Tiand Di Science & Technology 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
	=	5679.9095	/	5114.042	*	365 / 4
	=	101.35

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.

Tiand Di Science & Technology 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 )
	=	5679.9095	/	7364.87
	=	0.77

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.

Tiand Di Science & Technology Co Inventory Turnover Related Terms

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Tiand Di Science & Technology Co (SHSE:600582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tiand Di Science & Technology Co Ltd (SHSE:600582) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 5 Qing Nian Gou Road, He Ping Avenue, Chaoyang District, Beijing, CHN, 100013

Website

http://www.tdtec.com

Tiand Di Science & Technology Co Ltd is a China-based company. The company's main business includes mine production process automation, mechanization, information equipment development, manufacturing, and system integration; coal washing equipment development and manufacturing and general contracting of the coal preparation plant.

Executives

Min Yong	Supervisors
Wang En Peng	Supervisors
Wei Yong Gang	senior management
Huang Le Ting	senior management
Ning Yu	Director
Song Jia Xing	senior management
Wang Hong	Director
Wang Jin Hua	Director
Fan Bao Ying	Director
Li Yu Kui	Supervisors
Xiao Bao Gui	senior management
Fan Jian	senior management
Yan Shao Hong	senior management
Wu De Zheng	Director
Tang Bao Guo	Supervisors

Tiand Di Science & Technology Co (SHSE:600582) Headlines

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