Avic (Chengdu) Uas Co (SHSE:688297) Inventory Turnover : 0.04 (As of Mar. 2024)

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What is Avic (Chengdu) Uas 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. Avic (Chengdu) Uas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥45 Mil. Avic (Chengdu) Uas Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,137 Mil. Avic (Chengdu) Uas Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avic (Chengdu) Uas Co's Days Inventory for the three months ended in Mar. 2024 was 2,322.91.

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. Avic (Chengdu) Uas Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 18.55.

Avic (Chengdu) Uas Co Inventory Turnover Historical Data

The historical data trend for Avic (Chengdu) Uas 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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Avic (Chengdu) Uas Co Inventory Turnover Chart

Avic (Chengdu) Uas Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.56

3.13

2.34

1.67

1.77

Avic (Chengdu) Uas Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											0.23	0.33	0.06	0.97	0.04

Avic (Chengdu) Uas Co Inventory Turnover Calculation

Avic (Chengdu) Uas 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 )
=	2159.2	/ (	(1453.244	+	988.693)	/	2 )
=	2159.2	/	1220.9685
=	1.77

Avic (Chengdu) Uas 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 )
=	44.652	/ (	(988.693	+	1284.682)	/	2 )
=	44.652	/	1136.6875
=	0.04

Avic (Chengdu) Uas Co (SHSE:688297) 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.

Avic (Chengdu) Uas 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
	=	1136.6875	/	44.652	*	365 / 4
	=	2,322.91

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.

Avic (Chengdu) Uas 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 )
	=	1136.6875	/	61.292
	=	18.55

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.

Avic (Chengdu) Uas Co Inventory Turnover Related Terms

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Avic (Chengdu) Uas Co (SHSE:688297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Avic (Chengdu) Uas Co Ltd (SHSE:688297) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Xixin Avenue, High-tech West District, Sichuan Province, Chengdu, CHN, 611743

Website

https://www.avicuas.com

Avic (Chengdu) Uas Co Ltd is engaged in the design, production, repair, sales, leasing, after-sales service and technology development, technology transfer, technical consultation, and technical services of UAV systems, aerospace vehicles and their supporting products.

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