Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Inventory Turnover : 0.11 (As of Mar. 2024)

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What is Tianjin 712 Communication & Broadcasting 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. Tianjin 712 Communication & Broadcasting Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥316 Mil. Tianjin 712 Communication & Broadcasting Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,001 Mil. Tianjin 712 Communication & Broadcasting Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tianjin 712 Communication & Broadcasting Co's Days Inventory for the three months ended in Mar. 2024 was 866.78.

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. Tianjin 712 Communication & Broadcasting Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 6.13.

Tianjin 712 Communication & Broadcasting Co Inventory Turnover Historical Data

The historical data trend for Tianjin 712 Communication & Broadcasting 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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Tianjin 712 Communication & Broadcasting Co Inventory Turnover Chart

Tianjin 712 Communication & Broadcasting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.54

0.55

0.61

0.58

Tianjin 712 Communication & Broadcasting 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															0.08	0.14	0.15	0.20	0.11

Tianjin 712 Communication & Broadcasting Co Inventory Turnover Calculation

Tianjin 712 Communication & Broadcasting 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 )
=	1900.133	/ (	(3454.626	+	3077.086)	/	2 )
=	1900.133	/	3265.856
=	0.58

Tianjin 712 Communication & Broadcasting 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 )
=	315.936	/ (	(3077.086	+	2925.018)	/	2 )
=	315.936	/	3001.052
=	0.11

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) 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.

Tianjin 712 Communication & Broadcasting 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
	=	3001.052	/	315.936	*	365 / 4
	=	866.78

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.

Tianjin 712 Communication & Broadcasting 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 )
	=	3001.052	/	489.82
	=	6.13

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.

Tianjin 712 Communication & Broadcasting Co Inventory Turnover Related Terms

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Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tianjin 712 Communication & Broadcasting Co Ltd (SHSE:603712) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 141 North Main Street, Tianjin Economic and Technological Development Zone, West District, Tianjin, CHN, 300462

Website

http://www.712.cn

Tianjin 712 Communication & Broadcasting Co Ltd is a Chinese based company operates in communication equipment business. It is primarily involved in the research, development, production, and precision electronic product processing of civil communication equipment, trunking mobile communication system, maritime communication products, digital walkie-talkie and train wireless dispatching communication system equipment. Geographically, the operations are carried out through China.

Executives

Zhang Bao Zhu	senior management
Zhang Feng Xia	Supervisors
Xiao Peng	senior management
Pang Hui	Directors, senior managers
Ma Yan	senior management
Zhang Xin	Supervisors
Wang Bao	Director

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Headlines

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