Nanjing OLO Home Furnishing Co (SHSE:603326) Inventory Turnover : 1.66 (As of Mar. 2024)

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What is Nanjing OLO Home Furnishing 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. Nanjing OLO Home Furnishing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥158 Mil. Nanjing OLO Home Furnishing Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥95 Mil. Nanjing OLO Home Furnishing Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nanjing OLO Home Furnishing Co's Days Inventory for the three months ended in Mar. 2024 was 54.88.

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. Nanjing OLO Home Furnishing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Nanjing OLO Home Furnishing Co Inventory Turnover Historical Data

The historical data trend for Nanjing OLO Home Furnishing 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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Nanjing OLO Home Furnishing Co Inventory Turnover Chart

Nanjing OLO Home Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.08

9.20

9.80

8.39

9.02

Nanjing OLO Home Furnishing 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															1.47	2.09	2.17	2.35	1.66

Nanjing OLO Home Furnishing Co Inventory Turnover Calculation

Nanjing OLO Home Furnishing 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 )
=	919.614	/ (	(102.447	+	101.496)	/	2 )
=	919.614	/	101.9715
=	9.02

Nanjing OLO Home Furnishing 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 )
=	157.534	/ (	(101.496	+	88.005)	/	2 )
=	157.534	/	94.7505
=	1.66

Nanjing OLO Home Furnishing Co (SHSE:603326) 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.

Nanjing OLO Home Furnishing 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
	=	94.7505	/	157.534	*	365 / 4
	=	54.88

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.

Nanjing OLO Home Furnishing 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 )
	=	94.7505	/	281.617
	=	0.34

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.

Nanjing OLO Home Furnishing Co Inventory Turnover Related Terms

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Nanjing OLO Home Furnishing Co (SHSE:603326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nanjing OLO Home Furnishing Co Ltd (SHSE:603326) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 218, Qingshuiting West Road, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211102

Website

http://www.olokitchen.com

Nanjing OLO Home Furnishing Co Ltd operates in the home furnishings and fixtures industry. It is principally engaged in the design, research and development, manufacturing and sales of custom furniture products as well as the provision of related services. The company's main products include the integrated kitchen cabinets, custom wardrobes and the full house.

Executives

	Director
Liu Gui Sheng	senior management
Wang Wu Chao	senior management
Zhang Qi	Supervisors
Zhang Qi	Supervisors
Huang Ning Quan	senior management
Zhang Hua	senior management
Xu Tao	Director
Zhang Xian Hua	senior management
Zhang Lei	Supervisors

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