Guoanda Co (SZSE:300902) Inventory Turnover : 0.33 (As of Mar. 2024)

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What is Guoanda 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. Guoanda Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥35.0 Mil. Guoanda Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥105.5 Mil. Guoanda 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. Guoanda Co's Days Inventory for the three months ended in Mar. 2024 was 274.68.

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. Guoanda Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.63.

Guoanda Co Inventory Turnover Historical Data

The historical data trend for Guoanda 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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Guoanda Co Inventory Turnover Chart

Guoanda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.82

2.46

2.34

1.96

2.06

Guoanda 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															0.30	0.36	0.48	0.66	0.33

Guoanda Co Inventory Turnover Calculation

Guoanda 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 )
=	199.225	/ (	(87.371	+	105.662)	/	2 )
=	199.225	/	96.5165
=	2.06

Guoanda 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 )
=	35.044	/ (	(105.662	+	105.318)	/	2 )
=	35.044	/	105.49
=	0.33

Guoanda Co (SZSE:300902) 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.

Guoanda 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
	=	105.49	/	35.044	*	365 / 4
	=	274.68

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.

Guoanda 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 )
	=	105.49	/	64.692
	=	1.63

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.

Guoanda Co Inventory Turnover Related Terms

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Guoanda Co (SZSE:300902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Guoanda Co Ltd (SZSE:300902) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

39 Houshantou Road, Guankou Mechanical and Electrical Industrial Zone, Guankou Town, Jimei District, Fujian Province, Xiamen, CHN, 361023

Website

https://www.gad5119.com

Guoanda Co Ltd is a supplier of fire extinguisher systems in the domestic transportation and and power grid industries.

Executives

Wu Tian Lin	Supervisors
Lin Mei Chai	Director
Wang Zheng	Executives
Chang Shi Wei	Executives
Xu Yan Qing	Directors, executives
Li Xiu Hao	Executives
Zhu Gui Yang	Executives
Huang Wen Cong	Supervisors
Hong Wei Yi	Directors, executives
Lian Jian Sheng	Directors, executives

Guoanda Co (SZSE:300902) Headlines

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