GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen New Nanshan Holding (Group) Co Ltd (SZSE:002314) » Definitions » Inventory Turnover

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Inventory Turnover : 0.04 (As of Mar. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Shenzhen New Nanshan Holding (Group) 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. Shenzhen New Nanshan Holding (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,007 Mil. Shenzhen New Nanshan Holding (Group) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥22,861 Mil. Shenzhen New Nanshan Holding (Group) 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. Shenzhen New Nanshan Holding (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 2,071.91.

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. Shenzhen New Nanshan Holding (Group) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 17.18.

Shenzhen New Nanshan Holding (Group) Co Inventory Turnover Historical Data

The historical data trend for Shenzhen New Nanshan Holding (Group) 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.

* Premium members only.

Shenzhen New Nanshan Holding (Group) Co Inventory Turnover Chart

Shenzhen New Nanshan Holding (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.42 0.40 0.42 0.40

Shenzhen New Nanshan Holding (Group) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.10 0.05 0.09 0.04

Shenzhen New Nanshan Holding (Group) Co Inventory Turnover Calculation

Shenzhen New Nanshan Holding (Group) 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 )
=9324.742 / ((24139.744 + 22799.455) / 2 )
=9324.742 / 23469.5995
=0.40

Shenzhen New Nanshan Holding (Group) 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 )
=1006.834 / ((22799.455 + 22922.65) / 2 )
=1006.834 / 22861.0525
=0.04

* 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.

Shenzhen New Nanshan Holding (Group) Co  (SZSE:002314) 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.

Shenzhen New Nanshan Holding (Group) 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
=22861.0525/1006.834*365 / 4
=2,071.91

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.

Shenzhen New Nanshan Holding (Group) 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 )
=22861.0525 / 1330.808
=17.18

* 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.

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.

Shenzhen New Nanshan Holding (Group) Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Shenzhen New Nanshan Holding (Group) Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen New Nanshan Holding (Group) Co Ltd (SZSE:002314) » Definitions » Inventory Turnover
Comparable Companies
SZSE:000029 SHSE:600622 SZSE:000632 ASX:GMG TSE:8801 TSE:8802 PHS:SMPH HKSE:00012 ASX:LLC BKK:CPN TSE:1878 SHSE:600515 SHSE:600415 MIC:PIKK VESTA OSTO:BALD B HKSE:00017 TSE:3289 TSE:3288 BOM:503100
Traded in Other Exchanges
N/A
Address
5th Floor, South 12th Road, JiuZhou Electric Appliance Building, Science and Technology Park, NanShan District, ShenZhen, CHN
Website
http://www.xnskg.cn
Shenzhen New Nanshan Holding (Group) Co Ltd is engaged in the integrated building business, the company is committed to the development and operation of new integrated buildings. It has seven series of products, such as modular space, packing boxes, movable board houses, special containers and elegant accessories.
Executives
Zhang Fu Sheng Independent director
Tian Jun Yan Director
Jiang Jun Ya Directors, executives
Guo Qing Directors, executives
Hu Yong Tao Supervisors
Zhu Tao Executives
Wang Shi Yun Director
Ma Zhi Hong Executives
Chen Lei Directors, executives
Zhang Jian Guo Director
Shen Qi Meng Directors, executives
Shang Yue Xiang Supervisors
Guo Yu Supervisors
Yuan Zhao Yun Directors, executives
Zhang Li Securities Affairs Representative

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Headlines

No Headlines