Hangzhou Tigermed Consulting Co (SZSE:300347) Inventory Turnover : 43.85 (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Hangzhou Tigermed Consulting 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. Hangzhou Tigermed Consulting Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,032 Mil. Hangzhou Tigermed Consulting Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥24 Mil. Hangzhou Tigermed Consulting Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 43.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hangzhou Tigermed Consulting Co's Days Inventory for the three months ended in Mar. 2024 was 2.08.

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. Hangzhou Tigermed Consulting Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Hangzhou Tigermed Consulting Co Inventory Turnover Historical Data

The historical data trend for Hangzhou Tigermed Consulting 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.

* Premium members only.

Hangzhou Tigermed Consulting Co Inventory Turnover Chart

Hangzhou Tigermed Consulting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1,739.60

566.23

544.17

302.27

198.92

Hangzhou Tigermed Consulting 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															48.05	45.94	42.44	46.00	43.85

Hangzhou Tigermed Consulting Co Inventory Turnover Calculation

Hangzhou Tigermed Consulting 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 )
=	4535.51	/ (	(22.204	+	23.398)	/	2 )
=	4535.51	/	22.801
=	198.92

Hangzhou Tigermed Consulting 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 )
=	1032.08	/ (	(23.398	+	23.674)	/	2 )
=	1032.08	/	23.536
=	43.85

Hangzhou Tigermed Consulting Co (SZSE:300347) 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.

Hangzhou Tigermed Consulting 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
	=	23.536	/	1032.08	*	365 / 4
	=	2.08

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.

Hangzhou Tigermed Consulting 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 )
	=	23.536	/	1660.204
	=	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.

Hangzhou Tigermed Consulting Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Hangzhou Tigermed Consulting Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Hangzhou Tigermed Consulting Co (SZSE:300347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Hangzhou Tigermed Consulting Co Ltd (SZSE:300347) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HNGZY:USA 03347:Hong Kong

Address

Block 8, No. 19 Jugong Road, Room 2001-2010, 20th Floor, Xixing Sub-District, Binjiang District, Hangzhou, CHN, 310053

Website

https://www.tigermed.net

Hangzhou Tigermed Consulting Co Ltd is a China-based Contract Research Organization. The company's segment includes Clinical trial solutions and Clinical-related and laboratory services. It generates maximum revenue from the Clinical trial solutions segment. The company's offered services include bioanalytical, medical writing, biostatistics analysis, and medical imaging. The therapeutic areas of the company include Infections, Hematology, Cardiovascular, Endocrinology, Rheumatology, Nephrology, and Central Nervous System (CNS) among others.

Hangzhou Tigermed Consulting Co (SZSE:300347) Headlines

No Headlines