Shenzhen Glory Medical Co (SZSE:002551) Inventory Turnover : 0.62 (As of Mar. 2024)

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What is Shenzhen Glory Medical 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 Glory Medical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥227 Mil. Shenzhen Glory Medical Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥368 Mil. Shenzhen Glory Medical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Glory Medical Co's Days Inventory for the three months ended in Mar. 2024 was 147.83.

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 Glory Medical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.33.

Shenzhen Glory Medical Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Glory Medical 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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Shenzhen Glory Medical Co Inventory Turnover Chart

Shenzhen Glory Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.89

6.32

4.15

2.71

2.53

Shenzhen Glory Medical 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															0.62	0.59	0.64	0.64	0.62

Shenzhen Glory Medical Co Inventory Turnover Calculation

Shenzhen Glory Medical 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 )
=	995.283	/ (	(416.782	+	371.548)	/	2 )
=	995.283	/	394.165
=	2.53

Shenzhen Glory Medical 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 )
=	226.997	/ (	(371.548	+	363.928)	/	2 )
=	226.997	/	367.738
=	0.62

Shenzhen Glory Medical Co (SZSE:002551) 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 Glory Medical 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
	=	367.738	/	226.997	*	365 / 4
	=	147.83

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 Glory Medical 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 )
	=	367.738	/	276.145
	=	1.33

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 Glory Medical Co Inventory Turnover Related Terms

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Shenzhen Glory Medical Co (SZSE:002551) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Shenzhen Glory Medical Co Ltd (SZSE:002551) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Glory Science and Tech Industrial Park, Baolong Avenue, Longgang District, Shenzhen, Guangdong, CHN, 518116

Website

http://www.glory-medical.com.cn

Shenzhen Glory Medical Co Ltd is engaged in providing hospital building integrated solutions in China. It is involved in the hospital construction system analysis and planning, and medical engineering activities. It also sells medical equipment and medical consumables. The company provides hospital management professional medical logistic, smart medical, and park development services.

Executives

You Yong	Executives
Liang Gui Qiu	Directors, executives
Zhang Jie Rui	Directors, executives
Zhang Wen Bin	Executives
Liang Gui Tian	Directors, executives
Song Li	Executives

Shenzhen Glory Medical Co (SZSE:002551) Headlines

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