Orient International Enterprise (SHSE:600278) Inventory Turnover : 4.88 (As of Mar. 2024)

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What is Orient International Enterprise 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. Orient International Enterprise's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8,388 Mil. Orient International Enterprise's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,718 Mil. Orient International Enterprise's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orient International Enterprise's Days Inventory for the three months ended in Mar. 2024 was 18.69.

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. Orient International Enterprise's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Orient International Enterprise Inventory Turnover Historical Data

The historical data trend for Orient International Enterprise'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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Orient International Enterprise Inventory Turnover Chart

Orient International Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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32.10

23.97

22.34

17.48

16.62

Orient International Enterprise 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															3.93	4.00	3.72	2.75	4.88

Orient International Enterprise Inventory Turnover Calculation

Orient International Enterprise'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 )
=	31876.457	/ (	(2372.567	+	1464.323)	/	2 )
=	31876.457	/	1918.445
=	16.62

Orient International Enterprise'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 )
=	8388.028	/ (	(1464.323	+	1971.016)	/	2 )
=	8388.028	/	1717.6695
=	4.88

Orient International Enterprise (SHSE:600278) 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.

Orient International Enterprise'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
	=	1717.6695	/	8388.028	*	365 / 4
	=	18.69

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.

Orient International Enterprise'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 )
	=	1717.6695	/	8745.377
	=	0.20

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.

Orient International Enterprise Inventory Turnover Related Terms

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Orient International Enterprise (SHSE:600278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Orient International Enterprise Ltd (SHSE:600278) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

85 Loushanguan Road, Block A, Dongfang International Building, Shanghai, CHN

Website

http://www.oie.com.cn

Orient International Enterprise Ltd is primarily engaged in the import and export of garments and textiles from domestic and foreign orders. It covers all kind of clothing textile products, such as all kinds of cotton gauze fabrics, blended fabrics, various household textile products, cotton knitwear garments, shirts and T-shirts, suit jackets and others. Further, it is also involved in the logistics business.

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