Tongding Interconnection Information Co (SZSE:002491) Inventory Turnover : 0.80 (As of Mar. 2024)

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What is Tongding Interconnection Information 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. Tongding Interconnection Information Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥620 Mil. Tongding Interconnection Information Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥777 Mil. Tongding Interconnection Information Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tongding Interconnection Information Co's Days Inventory for the three months ended in Mar. 2024 was 114.26.

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. Tongding Interconnection Information Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.00.

Tongding Interconnection Information Co Inventory Turnover Historical Data

The historical data trend for Tongding Interconnection Information 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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Tongding Interconnection Information Co Inventory Turnover Chart

Tongding Interconnection Information Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.34

2.76

2.74

2.97

3.06

Tongding Interconnection Information 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															0.65	0.86	0.80	0.72	0.80

Tongding Interconnection Information Co Inventory Turnover Calculation

Tongding Interconnection Information 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 )
=	2598.955	/ (	(878.224	+	822.409)	/	2 )
=	2598.955	/	850.3165
=	3.06

Tongding Interconnection Information 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 )
=	620.113	/ (	(822.409	+	730.602)	/	2 )
=	620.113	/	776.5055
=	0.80

Tongding Interconnection Information Co (SZSE:002491) 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.

Tongding Interconnection Information 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
	=	776.5055	/	620.113	*	365 / 4
	=	114.26

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.

Tongding Interconnection Information 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 )
	=	776.5055	/	779.011
	=	1.00

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.

Tongding Interconnection Information Co Inventory Turnover Related Terms

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Tongding Interconnection Information Co (SZSE:002491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tongding Interconnection Information Co Ltd (SZSE:002491) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.18, Xiaoping Road, Badu Industrial Zone, Zhenze, Wujiang, Jiangsu, CHN, 215233

Website

http://www.tdgd.com.cn

Tongding Interconnection Information Co Ltd is a China-based fiber optic cable manufacturing company. It specializes in the production of optical fiber, optical fiber cable, optical devices, optical fiber sensors, special optical cables and other products. In addition, the company also provides data center solution, cloud data center cable solution, rail transit cable solution, and wireless signal distribution system.

Executives

Yan Yong Qing	Directors, executives
Liu Dong Yang	Director
Cai Wen Jie	Executives
Chen Hai Bin	Director
Huang Jian	Director
Qian Hui Fang	Director
Peng Sheng Qian	Executives
Zhang Yue Fang	Directors, executives
Jiang Xiao Qiang	Executives
Li Jun	Executives
Shen Feng	Director
Li Long Qin	Director
Chen Bin	Supervisors
He Zhong Liang	Directors, Directors, and Executives
Liu Yan Hui	Executives

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