Guangbo Group Stock Co (SZSE:002103) Inventory Turnover : 2.20 (As of Mar. 2024)

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What is Guangbo Group Stock 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. Guangbo Group Stock Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥354 Mil. Guangbo Group Stock Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥161 Mil. Guangbo Group Stock Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangbo Group Stock Co's Days Inventory for the three months ended in Mar. 2024 was 41.50.

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. Guangbo Group Stock Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.37.

Guangbo Group Stock Co Inventory Turnover Historical Data

The historical data trend for Guangbo Group Stock 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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Guangbo Group Stock Co Inventory Turnover Chart

Guangbo Group Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.66

12.07

11.52

8.85

11.94

Guangbo Group Stock 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															2.00	3.45	3.44	5.19	2.20

Guangbo Group Stock Co Inventory Turnover Calculation

Guangbo Group Stock 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 )
=	2294.312	/ (	(215.83	+	168.359)	/	2 )
=	2294.312	/	192.0945
=	11.94

Guangbo Group Stock 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 )
=	353.736	/ (	(168.359	+	153.375)	/	2 )
=	353.736	/	160.867
=	2.20

Guangbo Group Stock Co (SZSE:002103) 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.

Guangbo Group Stock 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
	=	160.867	/	353.736	*	365 / 4
	=	41.50

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.

Guangbo Group Stock 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 )
	=	160.867	/	439.878
	=	0.37

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.

Guangbo Group Stock Co Inventory Turnover Related Terms

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Guangbo Group Stock Co (SZSE:002103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangbo Group Stock Co Ltd (SZSE:002103) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Che He, Shijie Street, Haishu District, Zhejiang Province, Ningbo, CHN, 315153

Website

http://www.guangbo.net

Guangbo Group Stock Co Ltd is involved in making office stationery, printing paper products, plastic products and export-import trade. Its products are found in supermarkets and wholesale markets in large and medium cities in China.

Executives

Ren Hang Zhong	Director
Hu Zhi Ming	Director
Dai Guo Ping	Directors, executives
Wang Li Ping	Director
Lin Xiao Fan	Supervisors
Wang Jun Ping	Directors, executives
Yang Hao Yue	Securities Affairs Representative
Yin Zhong Li	Independent director
Zhu Guo Zhang	Supervisors

Guangbo Group Stock Co (SZSE:002103) Headlines

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