AECC Aero Science and Technology Co (SHSE:600391) Inventory Turnover : 0.23 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is AECC Aero Science and Technology 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. AECC Aero Science and Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥724 Mil. AECC Aero Science and Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,150 Mil. AECC Aero Science and Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AECC Aero Science and Technology Co's Days Inventory for the three months ended in Mar. 2024 was 396.88.

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. AECC Aero Science and Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.88.

AECC Aero Science and Technology Co Inventory Turnover Historical Data

The historical data trend for AECC Aero Science and Technology 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.

AECC Aero Science and Technology Co Inventory Turnover Chart

AECC Aero Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.24

1.06

1.18

1.23

1.43

AECC Aero Science and Technology 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															0.23	0.31	0.34	0.44	0.23

AECC Aero Science and Technology Co Inventory Turnover Calculation

AECC Aero Science and Technology 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 )
=	4005.644	/ (	(2674.047	+	2921.335)	/	2 )
=	4005.644	/	2797.691
=	1.43

AECC Aero Science and Technology 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 )
=	724.149	/ (	(2921.335	+	3377.868)	/	2 )
=	724.149	/	3149.6015
=	0.23

AECC Aero Science and Technology Co (SHSE:600391) 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.

AECC Aero Science and Technology 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
	=	3149.6015	/	724.149	*	365 / 4
	=	396.88

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.

AECC Aero Science and Technology 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 )
	=	3149.6015	/	811.1
	=	3.88

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.

AECC Aero Science and Technology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of AECC Aero Science and Technology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

AECC Aero Science and Technology Co (SHSE:600391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aero Science and Technology Co Ltd (SHSE:600391) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 901, 9th Floor, Building 1, Tianyun Road, High-tech Zone, Sichuan Province, Chengdu, CHN, 610503

Website

http://www.fast.avic.com

AECC Aero Science and Technology Co Ltd is a China-based company engages in the research and development, manufacture, and sale of aviation products. It focuses on aircraft engines and their components, gas turbine components and parts, and aviation bearings.

Executives

Yan Shui Bo	Supervisors
Zhang Li	senior management
Chen Yu Pei	senior management
Sun Yan Feng	Supervisors
Chen Jin	Director
Zhang Bin	senior management
Liu Jian	senior management
Xiong Yi	Director
Yi Xue Bin	senior management
Wu Hua	Director
Wang Nan Hai	senior management

AECC Aero Science and Technology Co (SHSE:600391) Headlines

No Headlines