Zhejiang XCC Group Co (SHSE:603667) Inventory Turnover : 0.75 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Zhejiang XCC Group 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. Zhejiang XCC Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥647 Mil. Zhejiang XCC Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥868 Mil. Zhejiang XCC Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang XCC Group Co's Days Inventory for the three months ended in Mar. 2024 was 122.48.

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. Zhejiang XCC Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.12.

Zhejiang XCC Group Co Inventory Turnover Historical Data

The historical data trend for Zhejiang XCC Group 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.

* Premium members only.

Zhejiang XCC Group Co Inventory Turnover Chart

Zhejiang XCC Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.24

2.42

2.76

2.99

3.03

Zhejiang XCC Group 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															0.76	0.93	0.82	0.57	0.75

Zhejiang XCC Group Co Inventory Turnover Calculation

Zhejiang XCC Group 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 )
=	2561.273	/ (	(900.448	+	791.812)	/	2 )
=	2561.273	/	846.13
=	3.03

Zhejiang XCC Group 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 )
=	646.903	/ (	(791.812	+	944.749)	/	2 )
=	646.903	/	868.2805
=	0.75

Zhejiang XCC Group Co (SHSE:603667) 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.

Zhejiang XCC Group 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
	=	868.2805	/	646.903	*	365 / 4
	=	122.48

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.

Zhejiang XCC Group 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 )
	=	868.2805	/	772.831
	=	1.12

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.

Zhejiang XCC Group Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Zhejiang XCC Group Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang XCC Group Co (SHSE:603667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang XCC Group Co Ltd (SHSE:603667) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.199, Taitan Main Road, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.xcc-zxz.com

Zhejiang XCC Group Co Ltd is operating in the bearing industry. The company mainly produces high-precision, low-noise deep groove ball bearing, auto hub bearing, the precision bearing of numerical control machine, high-speed and precision bearing of thread spinner, shaft bearing and motor bearing. The company also deals with auto parts and technical equipment. Its products are mainly sold to the United States of America, Japan, Korea, Brazil and other regions.

Executives

Yu Ru Wen	senior management
Wu Hong Ying	senior management
Song Chao Jiang	senior management
Xu Rong Bin	senior management
Qin Yi	senior management
Zhang Xun Lei	senior management
Cui Cui Ping	senior management

Zhejiang XCC Group Co (SHSE:603667) Headlines

No Headlines