UTour Group Co (SZSE:002707) Inventory Turnover : 100.13 (As of Mar. 2024)

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What is UTour Group 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. UTour Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥872 Mil. UTour Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥9 Mil. UTour Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 100.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. UTour Group Co's Days Inventory for the three months ended in Mar. 2024 was 0.91.

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. UTour Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

UTour Group Co Inventory Turnover Historical Data

The historical data trend for UTour Group 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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UTour Group Co Inventory Turnover Chart

UTour Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2,433.26

320.05

187.64

215.78

549.23

UTour Group 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															63.35	378.07	1,017.24	230.94	100.13

UTour Group Co Inventory Turnover Calculation

UTour Group 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 )
=	2916.955	/ (	(1.973	+	8.649)	/	2 )
=	2916.955	/	5.311
=	549.23

UTour Group 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 )
=	872.099	/ (	(8.649	+	8.77)	/	2 )
=	872.099	/	8.7095
=	100.13

UTour Group Co (SZSE:002707) 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.

UTour Group 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
	=	8.7095	/	872.099	*	365 / 4
	=	0.91

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.

UTour Group 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 )
	=	8.7095	/	1024.679
	=	0.01

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.

UTour Group Co Inventory Turnover Related Terms

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UTour Group Co (SZSE:002707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » UTour Group Co Ltd (SZSE:002707) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Chaoyang Park Road, West 2nd Gate, Chaoyang Park, Chaoyang District, Beijing, CHN, 100125

Website

http://www.utourworld.com

UTour Group Co Ltd is a Chinese company operating as a travel agency. It operates a professional travel service e-commerce website, provides tourists with team travel, hotel reservations, and membership services. The company is mainly engaged in outbound travel wholesale, outbound travel retail, integrated marketing services, long-distance outbound travels in various countries.

Executives

Feng Bin	Directors, executives
Zhang Yi Man	Directors, executives
Wang Chun Feng	Executives
Guo Hong Bin	Director
Wang Wei Wei	Supervisors
Han Li	Directors, executives
Cao Jian	Directors, executives
Zhang Lei	Executives
Zhao Rui	Executives
Li Hong Xiu	Supervisors
Du Zheng Tai	Executives
Wang Feng	Secretary Dong
Hu Ping	Securities Affairs Representative
Lin Yan	Directors, executives
He Jing	Directors, executives

UTour Group Co (SZSE:002707) Headlines

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