360 Security Technology (SHSE:601360) Inventory Turnover : 1.79 (As of Mar. 2024)

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What is 360 Security Technology 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. 360 Security Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥644 Mil. 360 Security Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥360 Mil. 360 Security Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 360 Security Technology's Days Inventory for the three months ended in Mar. 2024 was 51.02.

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. 360 Security Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.

360 Security Technology Inventory Turnover Historical Data

The historical data trend for 360 Security Technology'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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360 Security Technology Inventory Turnover Chart

360 Security Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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22.16

12.71

7.59

6.46

7.88

360 Security Technology 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															1.38	2.14	2.07	2.61	1.79

360 Security Technology Inventory Turnover Calculation

360 Security Technology'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 )
=	3553.191	/ (	(538.198	+	364.046)	/	2 )
=	3553.191	/	451.122
=	7.88

360 Security Technology'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 )
=	643.559	/ (	(364.046	+	355.625)	/	2 )
=	643.559	/	359.8355
=	1.79

360 Security Technology (SHSE:601360) 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.

360 Security Technology'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
	=	359.8355	/	643.559	*	365 / 4
	=	51.02

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.

360 Security Technology'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 )
	=	359.8355	/	1719.444
	=	0.21

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.

360 Security Technology Inventory Turnover Related Terms

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360 Security Technology (SHSE:601360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 360 Security Technology Inc (SHSE:601360) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

718 Ying Ting Road, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 100015

Website

https://www.360.cn

360 Security Technology Inc is an internet security company in China. It has developed the 360 ??security system with hundreds of millions of users Guards, 360 mobile guards, and other security products. It uses big data, cloud computing, and artificial intelligence technology, to create 360 mobile phone, 360 children smartwatch, 360 smart cameras, 360 driving recorder and 360 security router. It also provides other Internet services including search, live broadcast, games, film and television, finance, and news for its users.

Executives

Zhao Lu Ming

senior management

360 Security Technology (SHSE:601360) Headlines

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