Spring Airlines Co (SHSE:601021) Inventory Turnover : 20.03 (As of Mar. 2024)

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What is Spring Airlines 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. Spring Airlines Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,258 Mil. Spring Airlines Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥213 Mil. Spring Airlines Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 20.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spring Airlines Co's Days Inventory for the three months ended in Mar. 2024 was 4.56.

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. Spring Airlines Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Spring Airlines Co Inventory Turnover Historical Data

The historical data trend for Spring Airlines 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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Spring Airlines Co Inventory Turnover Chart

Spring Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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89.68

51.64

52.55

59.72

82.36

Spring Airlines 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															19.14	20.11	23.05	22.63	20.03

Spring Airlines Co Inventory Turnover Calculation

Spring Airlines 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 )
=	15518.7	/ (	(174.788	+	202.064)	/	2 )
=	15518.7	/	188.426
=	82.36

Spring Airlines 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 )
=	4257.621	/ (	(202.064	+	223.053)	/	2 )
=	4257.621	/	212.5585
=	20.03

Spring Airlines Co (SHSE:601021) 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.

Spring Airlines 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
	=	212.5585	/	4257.621	*	365 / 4
	=	4.56

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.

Spring Airlines 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 )
	=	212.5585	/	5168.039
	=	0.04

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.

Spring Airlines Co Inventory Turnover Related Terms

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Spring Airlines Co (SHSE:601021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Spring Airlines Co Ltd (SHSE:601021) » Definitions » Inventory Turnover

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Address

Shanghai Changning District No. 528, Shanghai, CHN, 200335

Website

http://www.ch.com

Spring Airlines Co Ltd operates as a low-cost airline in China engages in the provision of local and international aviation services. It operates a fleet of Airbus A320 aircraft. It offers domestic routes such as Guangzhou, Zhuhai, Kunming, Xiamen, Shenyang, Harbin, Urumqi, Haikou, Guilin, Wenzhou and Qingdao. The company also offers international routes within Asia. It also provides insurance service which includes Standard Accident Insurance, Overseas Travel Insurance and Flight Delay and Cancellation Insurance.

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