ORG Technology Co (SZSE:002701) Inventory Turnover : 1.84 (As of Mar. 2024)

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What is ORG Technology 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. ORG Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,903 Mil. ORG Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,580 Mil. ORG Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ORG Technology Co's Days Inventory for the three months ended in Mar. 2024 was 49.66.

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. ORG Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

ORG Technology Co Inventory Turnover Historical Data

The historical data trend for ORG Technology 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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ORG Technology Co Inventory Turnover Chart

ORG Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.93

6.83

6.25

5.86

6.25

ORG Technology 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															1.37	1.60	1.71	1.63	1.84

ORG Technology Co Inventory Turnover Calculation

ORG Technology 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 )
=	11733.597	/ (	(2070.243	+	1681.831)	/	2 )
=	11733.597	/	1876.037
=	6.25

ORG Technology 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 )
=	2903.119	/ (	(1681.831	+	1478.022)	/	2 )
=	2903.119	/	1579.9265
=	1.84

ORG Technology Co (SZSE:002701) 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.

ORG Technology 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
	=	1579.9265	/	2903.119	*	365 / 4
	=	49.66

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.

ORG Technology 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 )
	=	1579.9265	/	3551.44
	=	0.44

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.

ORG Technology Co Inventory Turnover Related Terms

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ORG Technology Co (SZSE:002701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » ORG Technology Co Ltd (SZSE:002701) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

YanQi Industrial Development Zone, Huai Rou District, Beijing, CHN, 101407

Website

https://www.orgtech.cn

ORG Technology Co Ltd is engaged in providing internet information services. The firm engages in offering technology development, technical services, technology testing; product design; economic and trade consultation; automatic identification and identification systems development and application; development and application of visualization and cargo tracking system; development and application of intelligent management system. Geographically it operates through China however it also holds a presence in the international market.

Executives

Zhang Shao Jun	Executives
Zhou Yuan	Director
Zhang Liang De	Executives
Shen Tao	Directors, executives
Zhou Yun Jie	Director
Jiang Xian Da	Supervisors
Huang Zhi Feng	Supervisors
Chen Yu Fei	Executives
Ma Bin Yun	Supervisors
Wang Dong	Directors, executives
Wu Duo Quan	Executives
Gao Shu Jun	Executives, directors
Chen Zhong Ge	Supervisors
Zhao Yu Hui	Directors, executives

ORG Technology Co (SZSE:002701) Headlines

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