NanJing GOVA Technology Co (SHSE:688539) Inventory Turnover : 0.19 (As of Mar. 2024)

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What is NanJing GOVA Technology 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 GOVA Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥28.6 Mil. NanJing GOVA Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥152.1 Mil. NanJing GOVA Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NanJing GOVA Technology Co's Days Inventory for the three months ended in Mar. 2024 was 484.51.

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 GOVA Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.03.

NanJing GOVA Technology Co Inventory Turnover Historical Data

The historical data trend for NanJing GOVA Technology 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 GOVA Technology Co Inventory Turnover Chart

NanJing GOVA Technology Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.21

0.84

0.82

1.05

NanJing GOVA Technology Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												0.18	0.22	0.22	0.35	0.19

NanJing GOVA Technology Co Inventory Turnover Calculation

NanJing GOVA Technology 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 )
=	150.799	/ (	(138.223	+	149.118)	/	2 )
=	150.799	/	143.6705
=	1.05

NanJing GOVA Technology 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 )
=	28.639	/ (	(149.118	+	155.01)	/	2 )
=	28.639	/	152.064
=	0.19

NanJing GOVA Technology Co (SHSE:688539) 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 GOVA Technology 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
	=	152.064	/	28.639	*	365 / 4
	=	484.51

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 GOVA Technology 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 )
	=	152.064	/	75.012
	=	2.03

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 GOVA Technology Co Inventory Turnover Related Terms

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NanJing GOVA Technology Co (SHSE:688539) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NanJing GOVA Technology Co Ltd (SHSE:688539) » Definitions » Inventory Turnover

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Address

No. 66, Qixia Avenue, Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 210046

Website

https://www.govagroup.com

NanJing GOVA Technology Co Ltd is a high-tech enterprise that develops, designs, produces and sells high-reliability sensors and sensor network systems. The main products are various pressure, acceleration, temperature and humidity, displacement and other sensors, and integrate the above sensors into a sensor network system through software algorithms.

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