Beijing Changjiu Logistics (SHSE:603569) Inventory Turnover : 6.70 (As of Mar. 2024)

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What is Beijing Changjiu Logistics 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. Beijing Changjiu Logistics's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥797 Mil. Beijing Changjiu Logistics's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥119 Mil. Beijing Changjiu Logistics's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Changjiu Logistics's Days Inventory for the three months ended in Mar. 2024 was 13.63.

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. Beijing Changjiu Logistics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

Beijing Changjiu Logistics Inventory Turnover Historical Data

The historical data trend for Beijing Changjiu Logistics'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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Beijing Changjiu Logistics Inventory Turnover Chart

Beijing Changjiu Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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828.51

1,092.24

515.35

104.65

39.93

Beijing Changjiu Logistics 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															13.86	11.45	7.34	6.79	6.70

Beijing Changjiu Logistics Inventory Turnover Calculation

Beijing Changjiu Logistics'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 )
=	3378.678	/ (	(57.041	+	112.179)	/	2 )
=	3378.678	/	84.61
=	39.93

Beijing Changjiu Logistics'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 )
=	796.663	/ (	(112.179	+	125.77)	/	2 )
=	796.663	/	118.9745
=	6.70

Beijing Changjiu Logistics (SHSE:603569) 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.

Beijing Changjiu Logistics'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
	=	118.9745	/	796.663	*	365 / 4
	=	13.63

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.

Beijing Changjiu Logistics'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 )
	=	118.9745	/	902.783
	=	0.13

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.

Beijing Changjiu Logistics Inventory Turnover Related Terms

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Beijing Changjiu Logistics (SHSE:603569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Beijing Changjiu Logistics Corp (SHSE:603569) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dongsanhuan North Road, 7th Floor, Block B, Jiacheng Plaza, No. 18 Xiaguangli, Chaoyang District, Beijing, CHN, 101300

Website

http://www.changjiulogistics.com.cn

Beijing Changjiu Logistics Corp provides logistics, warehousing, and distribution services. It also provides automotive logistics planning, inbound logistics, outbound logistics, second-car logistics for finished-vehicles and parts to OEMs and dealers and other related services to passenger and commercial vehicles, used cars, and auto parts. Its services include vehicle, used car, parts, pre-production, after-sale, and international logistics; and warehousing.

Executives

Li Wan Jun

Supervisors

Beijing Changjiu Logistics (SHSE:603569) Headlines

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