Wangli Security & Surveillance Product Co (SHSE:605268) Inventory Turnover : 0.92 (As of Mar. 2024)

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What is Wangli Security & Surveillance Product 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. Wangli Security & Surveillance Product Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥335 Mil. Wangli Security & Surveillance Product Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥362 Mil. Wangli Security & Surveillance Product Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wangli Security & Surveillance Product Co's Days Inventory for the three months ended in Mar. 2024 was 98.82.

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. Wangli Security & Surveillance Product Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

Wangli Security & Surveillance Product Co Inventory Turnover Historical Data

The historical data trend for Wangli Security & Surveillance Product 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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Wangli Security & Surveillance Product Co Inventory Turnover Chart

Wangli Security & Surveillance Product Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.56

5.66

6.28

4.77

6.45

Wangli Security & Surveillance Product 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															0.85	1.45	1.27	1.98	0.92

Wangli Security & Surveillance Product Co Inventory Turnover Calculation

Wangli Security & Surveillance Product 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 )
=	2229.922	/ (	(335.561	+	355.453)	/	2 )
=	2229.922	/	345.507
=	6.45

Wangli Security & Surveillance Product 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 )
=	334.695	/ (	(355.453	+	369.433)	/	2 )
=	334.695	/	362.443
=	0.92

Wangli Security & Surveillance Product Co (SHSE:605268) 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.

Wangli Security & Surveillance Product 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
	=	362.443	/	334.695	*	365 / 4
	=	98.82

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.

Wangli Security & Surveillance Product 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 )
	=	362.443	/	435.163
	=	0.83

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.

Wangli Security & Surveillance Product Co Inventory Turnover Related Terms

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Wangli Security & Surveillance Product Co (SHSE:605268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wangli Security & Surveillance Product Co Ltd (SHSE:605268) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Hardware Technology Industrial Park, Zhejiang Province, Yongkang, CHN, 321300

Website

http://www.wanglianfang.com

Wangli Security & Surveillance Product Co Ltd is engaged in the research and development, design, production and sales of door products such as security doors and lock products such as mechanical locks and smart locks.

Executives

Zhi Chong Zheng	senior management
Ying Min	Director
Wang Li Xia	senior management
Hu Ying Jiang	Director
Chen Li	senior management
Chen Zhi Xian	senior management
Li Qiong Xing	senior management
Wang Shun Da	senior management

Wangli Security & Surveillance Product Co (SHSE:605268) Headlines

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