Guangdong Gensho Logistics Co (SHSE:603813) Inventory Turnover : 213.93 (As of Mar. 2024)

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What is Guangdong Gensho Logistics 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. Guangdong Gensho Logistics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥63.8 Mil. Guangdong Gensho Logistics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥0.3 Mil. Guangdong Gensho Logistics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 213.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Gensho Logistics Co's Days Inventory for the three months ended in Mar. 2024 was 0.43.

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. Guangdong Gensho Logistics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Guangdong Gensho Logistics Co Inventory Turnover Historical Data

The historical data trend for Guangdong Gensho Logistics 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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Guangdong Gensho Logistics Co Inventory Turnover Chart

Guangdong Gensho Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2,165.07

913.05

1,081.77

1,372.87

1,274.43

Guangdong Gensho Logistics 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															266.72	285.24	299.64	341.94	213.93

Guangdong Gensho Logistics Co Inventory Turnover Calculation

Guangdong Gensho Logistics 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 )
=	362.575	/ (	(0.292	+	0.277)	/	2 )
=	362.575	/	0.2845
=	1,274.43

Guangdong Gensho Logistics 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 )
=	63.751	/ (	(0.277	+	0.319)	/	2 )
=	63.751	/	0.298
=	213.93

Guangdong Gensho Logistics Co (SHSE:603813) 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.

Guangdong Gensho Logistics 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
	=	0.298	/	63.751	*	365 / 4
	=	0.43

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.

Guangdong Gensho Logistics 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 )
	=	0.298	/	78.151
	=	0.00

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.

Guangdong Gensho Logistics Co Inventory Turnover Related Terms

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Guangdong Gensho Logistics Co (SHSE:603813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangdong Gensho Logistics Co Ltd (SHSE:603813) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

25, Dongzhong Road, East District, Economic and Technological Development Zone, Guangdong Province, Guangzhou, CHN, 510530

Website

http://www.gsl.cc

Guangdong Gensho Logistics Co Ltd is engaged in the integrated logistics of auto parts supply chain in China. It provides logistic services including transportation, distribution, warehousing, quality inspection, circulation processing and packaging for automotive parts.

Executives

Yu Yi Hong	senior management
Xia Yun Lan	senior management
Zhong Qing Si	senior management
Mo Hui	Director
Ceng Hai Ping	senior management
Li Yun	Director
Liu Feng	senior management

Guangdong Gensho Logistics Co (SHSE:603813) Headlines

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