Duolun Technology (SHSE:603528) Inventory Turnover : 0.71 (As of Mar. 2024)

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What is Duolun 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. Duolun Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥118.2 Mil. Duolun Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥166.1 Mil. Duolun Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Duolun Technology's Days Inventory for the three months ended in Mar. 2024 was 128.19.

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. Duolun Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.99.

Duolun Technology Inventory Turnover Historical Data

The historical data trend for Duolun 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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Duolun Technology Inventory Turnover Chart

Duolun Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.00

1.21

1.81

1.70

1.61

Duolun 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															0.40	0.29	0.39	0.44	0.71

Duolun Technology Inventory Turnover Calculation

Duolun 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 )
=	356.904	/ (	(250.336	+	193.017)	/	2 )
=	356.904	/	221.6765
=	1.61

Duolun 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 )
=	118.202	/ (	(193.017	+	139.092)	/	2 )
=	118.202	/	166.0545
=	0.71

Duolun Technology (SHSE:603528) 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.

Duolun 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
	=	166.0545	/	118.202	*	365 / 4
	=	128.19

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.

Duolun 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 )
	=	166.0545	/	167.219
	=	0.99

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.

Duolun Technology Inventory Turnover Related Terms

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Duolun Technology (SHSE:603528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Duolun Technology Corp Ltd (SHSE:603528) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1555 Tianyin Avenue, Jiangning District, Nanjing, CHN, 211112

Website

http://www.doron.com.cn

Duolun Technology Corp Ltd develops motor vehicle driving training and examination system, vehicle driving simulation training systems, intelligent traffic management application platform, traffic signal control systems and electronic police systems.

Executives

Li Yi	Directors, senior managers
Zhang Tie Min	Directors, senior managers
Zhang Tao	Supervisors
Li Xiao Lin	Supervisors
Song Zhi	Director
Su Feng	Director
Qian Sheng Shan	Directors, senior managers
Li Song	senior management
Li Qian Mu	Director
Zhang Qiu Nan	Director
Lin Chun Hua	senior management

Duolun Technology (SHSE:603528) Headlines

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