Xiamen Itg Group (SHSE:600755) Inventory Turnover : 2.52 (As of Mar. 2024)

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What is Xiamen Itg Group 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. Xiamen Itg Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥95,243 Mil. Xiamen Itg Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥37,811 Mil. Xiamen Itg Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiamen Itg Group's Days Inventory for the three months ended in Mar. 2024 was 36.23.

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. Xiamen Itg Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

Xiamen Itg Group Inventory Turnover Historical Data

The historical data trend for Xiamen Itg Group'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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Xiamen Itg Group Inventory Turnover Chart

Xiamen Itg Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.01

7.68

11.24

16.91

15.17

Xiamen Itg Group 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															3.22	3.44	3.41	1.98	2.52

Xiamen Itg Group Inventory Turnover Calculation

Xiamen Itg Group'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 )
=	461834.643	/ (	(29265.916	+	31608.033)	/	2 )
=	461834.643	/	30436.9745
=	15.17

Xiamen Itg Group'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 )
=	95242.996	/ (	(31608.033	+	44014.047)	/	2 )
=	95242.996	/	37811.04
=	2.52

Xiamen Itg Group (SHSE:600755) 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.

Xiamen Itg Group'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
	=	37811.04	/	95242.996	*	365 / 4
	=	36.23

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.

Xiamen Itg Group'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 )
	=	37811.04	/	96879.845
	=	0.39

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.

Xiamen Itg Group Inventory Turnover Related Terms

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Xiamen Itg Group (SHSE:600755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Xiamen Itg Group Corp Ltd (SHSE:600755) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hubin South Road, 8-18th International Trade Building, Fujian, Xiamen, CHN, 361004

Website

http://www.itg.com.cn

Xiamen Itg Group Corp Ltd is engaged in trading a variety of commodities like iron ores, other minerals, coal, steel, paper, textile, chemical products, farm produce, ships, tire, wood, and many others. It is also engaged in the real estate sector.

Executives

Cai Ying Bin	senior management
Fan Dan	senior management
Gao Shao Yong	Director
Wu Yun Xuan	Directors, senior managers
Zhu Da Xin	senior management
Wang Yong Qing	senior management
Yu Li Jie	senior management
Wang Xiao Feng	senior management
Ceng Yuan	senior management
Lu Zheng Jian	senior management
Xu Xiao Xi	Director
Bo Shu Ya	senior management
Xu Qiu Qin	Supervisors
Lin Chen Liang	Director

Xiamen Itg Group (SHSE:600755) Headlines

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