Chongqing Mas Sci and Tech Co (SZSE:300275) Inventory Turnover : 0.33 (As of Mar. 2024)

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What is Chongqing Mas Sci and Tech 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. Chongqing Mas Sci and Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥52.5 Mil. Chongqing Mas Sci and Tech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥157.1 Mil. Chongqing Mas Sci and Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chongqing Mas Sci and Tech Co's Days Inventory for the three months ended in Mar. 2024 was 272.85.

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. Chongqing Mas Sci and Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.70.

Chongqing Mas Sci and Tech Co Inventory Turnover Historical Data

The historical data trend for Chongqing Mas Sci and Tech 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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Chongqing Mas Sci and Tech Co Inventory Turnover Chart

Chongqing Mas Sci and Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.09

2.13

1.77

1.82

1.87

Chongqing Mas Sci and Tech 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															0.42	0.47	0.46	0.58	0.33

Chongqing Mas Sci and Tech Co Inventory Turnover Calculation

Chongqing Mas Sci and Tech 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 )
=	251.33	/ (	(117.719	+	150.711)	/	2 )
=	251.33	/	134.215
=	1.87

Chongqing Mas Sci and Tech 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 )
=	52.536	/ (	(150.711	+	163.47)	/	2 )
=	52.536	/	157.0905
=	0.33

Chongqing Mas Sci and Tech Co (SZSE:300275) 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.

Chongqing Mas Sci and Tech 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
	=	157.0905	/	52.536	*	365 / 4
	=	272.85

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.

Chongqing Mas Sci and Tech 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 )
	=	157.0905	/	92.525
	=	1.70

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.

Chongqing Mas Sci and Tech Co Inventory Turnover Related Terms

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Chongqing Mas Sci and Tech Co (SZSE:300275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Chongqing Mas Sci and Tech Co Ltd (SZSE:300275) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 28, Fuyuan Road, Jiulongpo, Chongqing, CHN

Website

http://www.cqmas.com

Chongqing Mas Sci and Tech Co Ltd is engaged in providing data processing and application services in the field of large security and information technology service standard operation, and maintenance service capabilities.

Executives

Ye Li Sheng	Director
Deng Guo Qing	Independent director
Zheng Hai Jiang	Directors, executives
Liu Hang	Directors, executives
Hu Shi Qiang	Executives
Jin Xiao Han	Directors, executives
Zhou He Hua	Directors, executives
Ma Yan	Director
Deng Zhong Tian	Directors, executives
Liu Qiao Xi	Directors, executives
Xie Xing Zhi	Supervisors
Xiao Hu	Executives
Quan Tai Feng	Executives
Wu Guang Hong	Executives
Peng Zhi Jiang	Directors, executives

Chongqing Mas Sci and Tech Co (SZSE:300275) Headlines

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