Glodon Co (SZSE:002410) Inventory Turnover : 2.88 (As of Mar. 2024)

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What is Glodon 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. Glodon Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥160 Mil. Glodon Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥55 Mil. Glodon Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glodon Co's Days Inventory for the three months ended in Mar. 2024 was 31.63.

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. Glodon Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Glodon Co Inventory Turnover Historical Data

The historical data trend for Glodon 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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Glodon Co Inventory Turnover Chart

Glodon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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24.22

19.07

18.36

14.27

16.84

Glodon 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															2.07	3.42	3.67	7.16	2.88

Glodon Co Inventory Turnover Calculation

Glodon 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 )
=	1140.749	/ (	(86.597	+	48.904)	/	2 )
=	1140.749	/	67.7505
=	16.84

Glodon 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 )
=	159.774	/ (	(48.904	+	61.868)	/	2 )
=	159.774	/	55.386
=	2.88

Glodon Co (SZSE:002410) 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.

Glodon 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
	=	55.386	/	159.774	*	365 / 4
	=	31.63

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.

Glodon 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 )
	=	55.386	/	1299.823
	=	0.04

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.

Glodon Co Inventory Turnover Related Terms

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Glodon Co (SZSE:002410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glodon Co Ltd (SZSE:002410) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 13 East Road, Xibeiwang 10 Eastern Hospital, Haidian District, Beijing, CHN

Website

http://www.glodon.com

Glodon Co Ltd provides information technology services and solutions to the construction industry. The company offers digital construction platform that provides professional support based on the professional application in the field of construction engineering and provides value-added services such as industrial big data and industrial new finance. The products and services provided by the company are - civil measurement, installation measurement, municipal calculation, cloud pricing, wide material assistant, BIMFACE, smart helmet, labor management system, and many more.

Executives

Wang Ai Hua	Director
	Supervisors
Zhi Fei	Executives
Liu Qian	Directors, executives
	Executives
Wang Jin Hong	Supervisors
Diao Zhi Zhong	Director
Li Shu Jian	Directors, executives
Yuan Zheng Gang	Directors, executives
Jia Xiao Ping	Director
Chang Fan	Securities Affairs Representative
He Ping	Executives
An Jing He	Supervisors
Zhang Kui Jiang	Directors, executives
Liu Qing Ni	Executives

Glodon Co (SZSE:002410) Headlines

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