Catarc Automotive Proving Ground Co (SZSE:301215) Inventory Turnover : 17.23 (As of Mar. 2024)

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What is Catarc Automotive Proving Ground 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. Catarc Automotive Proving Ground Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥23.0 Mil. Catarc Automotive Proving Ground Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1.3 Mil. Catarc Automotive Proving Ground Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 17.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Catarc Automotive Proving Ground Co's Days Inventory for the three months ended in Mar. 2024 was 5.29.

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. Catarc Automotive Proving Ground Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Catarc Automotive Proving Ground Co Inventory Turnover Historical Data

The historical data trend for Catarc Automotive Proving Ground 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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Catarc Automotive Proving Ground Co Inventory Turnover Chart

Catarc Automotive Proving Ground Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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56.04

106.34

96.61

80.52

75.43

Catarc Automotive Proving Ground Co Quarterly Data
	Dec17	Dec18	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															18.29	18.59	16.80	18.37	17.23

Catarc Automotive Proving Ground Co Inventory Turnover Calculation

Catarc Automotive Proving Ground 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 )
=	98.214	/ (	(1.373	+	1.231)	/	2 )
=	98.214	/	1.302
=	75.43

Catarc Automotive Proving Ground 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 )
=	22.973	/ (	(1.231	+	1.435)	/	2 )
=	22.973	/	1.333
=	17.23

Catarc Automotive Proving Ground Co (SZSE:301215) 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.

Catarc Automotive Proving Ground 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
	=	1.333	/	22.973	*	365 / 4
	=	5.29

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.

Catarc Automotive Proving Ground 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 )
	=	1.333	/	67.748
	=	0.02

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.

Catarc Automotive Proving Ground Co Inventory Turnover Related Terms

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Catarc Automotive Proving Ground Co (SZSE:301215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Catarc Automotive Proving Ground Co Ltd (SZSE:301215) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dafeng Port Economic Zone, Dafeng District, Jiangsu Province, Yancheng City, CHN, 224100

Website

http://www.capg.com.cn

Catarc Automotive Proving Ground Co Ltd provides field test technical services for automobile manufacturers, automobile inspection institutions, automobile chassis component system enterprises, and tire enterprises and other customers.

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