Qingdao Vland Biotech Co (SHSE:603739) Inventory Turnover : 0.76 (As of Mar. 2024)

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What is Qingdao Vland Biotech 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. Qingdao Vland Biotech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥159 Mil. Qingdao Vland Biotech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥209 Mil. Qingdao Vland Biotech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qingdao Vland Biotech Co's Days Inventory for the three months ended in Mar. 2024 was 119.89.

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. Qingdao Vland Biotech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.73.

Qingdao Vland Biotech Co Inventory Turnover Historical Data

The historical data trend for Qingdao Vland Biotech 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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Qingdao Vland Biotech Co Inventory Turnover Chart

Qingdao Vland Biotech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.27

4.26

4.39

3.99

3.40

Qingdao Vland Biotech 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															0.73	0.93	1.00	0.79	0.76

Qingdao Vland Biotech Co Inventory Turnover Calculation

Qingdao Vland Biotech 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 )
=	644.687	/ (	(173.634	+	205.405)	/	2 )
=	644.687	/	189.5195
=	3.40

Qingdao Vland Biotech 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 )
=	159.293	/ (	(205.405	+	213.162)	/	2 )
=	159.293	/	209.2835
=	0.76

Qingdao Vland Biotech Co (SHSE:603739) 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.

Qingdao Vland Biotech 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
	=	209.2835	/	159.293	*	365 / 4
	=	119.89

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.

Qingdao Vland Biotech 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 )
	=	209.2835	/	286.784
	=	0.73

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.

Qingdao Vland Biotech Co Inventory Turnover Related Terms

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Qingdao Vland Biotech Co (SHSE:603739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Qingdao Vland Biotech Co Ltd (SHSE:603739) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1318, Wangsha Road, Room 108, Enterprise Service Center, Chengyang District, Shandong, Qingdao, CHN, 266061

Website

http://www.vlandgroup.com

Qingdao Vland Biotech Co Ltd is a biotechnology company. The company is engaged in research and development of four main product categories which are enzymes, probiotics, vaccines and animal health products.

Executives

Chen Gang	Director
Jia De Qiang	Director
Cao Cheng	Director
Jiang Yong	senior management
Xu Yong	Supervisors

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