Wuhan Guide Infrared Co (SZSE:002414) Inventory Turnover : 0.10 (As of Mar. 2024)

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What is Wuhan Guide Infrared 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. Wuhan Guide Infrared Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥203 Mil. Wuhan Guide Infrared Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,982 Mil. Wuhan Guide Infrared Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuhan Guide Infrared Co's Days Inventory for the three months ended in Mar. 2024 was 891.79.

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. Wuhan Guide Infrared Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.23.

Wuhan Guide Infrared Co Inventory Turnover Historical Data

The historical data trend for Wuhan Guide Infrared 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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Wuhan Guide Infrared Co Inventory Turnover Chart

Wuhan Guide Infrared Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.14

1.25

0.99

0.81

0.76

Wuhan Guide Infrared 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															0.12	0.14	0.11	0.31	0.10

Wuhan Guide Infrared Co Inventory Turnover Calculation

Wuhan Guide Infrared 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 )
=	1359.089	/ (	(1688.422	+	1889.254)	/	2 )
=	1359.089	/	1788.838
=	0.76

Wuhan Guide Infrared 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 )
=	202.759	/ (	(1889.254	+	2073.885)	/	2 )
=	202.759	/	1981.5695
=	0.10

Wuhan Guide Infrared Co (SZSE:002414) 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.

Wuhan Guide Infrared 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
	=	1981.5695	/	202.759	*	365 / 4
	=	891.79

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.

Wuhan Guide Infrared 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 )
	=	1981.5695	/	467.973
	=	4.23

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.

Wuhan Guide Infrared Co Inventory Turnover Related Terms

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Wuhan Guide Infrared Co (SZSE:002414) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuhan Guide Infrared Co Ltd (SZSE:002414) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.26,Shucheng Road, Wuhan, CHN, 430070

Website

http://www.wuhan-guide.com

Wuhan Guide Infrared Co Ltd is a company based on infrared thermal imaging technology. It designs, manufactures, and markets infrared thermal imaging cameras. Guide Infrared products are widely used in different applications, electric power, metallurgy, petrochemical, construction; firefighting, law enforcement, inspection & quarantine, security and surveillance, and ADAS night vision system.

Executives

Hou Jian Jun	Executives
Wang Yu	Directors, executives
Zhao Jiang Long	Executives
Su Wei	Supervisors
Gu Xiao Juan	Supervisors
Huang Li	Directors, executives

Wuhan Guide Infrared Co (SZSE:002414) Headlines

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