Suning Universal Co (SZSE:000718) Inventory Turnover : 0.02 (As of Mar. 2024)

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What is Suning Universal 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. Suning Universal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥187 Mil. Suning Universal Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥8,474 Mil. Suning Universal Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suning Universal Co's Days Inventory for the three months ended in Mar. 2024 was 4,136.02.

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. Suning Universal Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 18.63.

Suning Universal Co Inventory Turnover Historical Data

The historical data trend for Suning Universal 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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Suning Universal Co Inventory Turnover Chart

Suning Universal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.13

0.16

0.13

0.09

0.10

Suning Universal 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															0.02	0.02	0.02	0.03	0.02

Suning Universal Co Inventory Turnover Calculation

Suning Universal 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 )
=	853.773	/ (	(9390.078	+	8510.409)	/	2 )
=	853.773	/	8950.2435
=	0.10

Suning Universal 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 )
=	186.946	/ (	(8510.409	+	8436.715)	/	2 )
=	186.946	/	8473.562
=	0.02

Suning Universal Co (SZSE:000718) 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.

Suning Universal 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
	=	8473.562	/	186.946	*	365 / 4
	=	4,136.02

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.

Suning Universal 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 )
	=	8473.562	/	454.798
	=	18.63

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.

Suning Universal Co Inventory Turnover Related Terms

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Suning Universal Co (SZSE:000718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Suning Universal Co Ltd (SZSE:000718) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

188 Guangzhou Road, Nanjing, CHN

Website

http://www.suning-universal.com

Suning Universal Co Ltd operates in the real estate development industry. The projects of the company include commercial estate which includes tianrun city square and suning beitang project, residential property which include suning venice, suning tianrun city, and suning mingduhui, the hotel which includes suning venice hotel, and building materials.

Executives

Jiang Li Bo	Secretary, Director
Liu De Bo	Executives
Li Wei	Directors, executives
Li Jun	Supervisors
Zhang Kang Li	Director
Zhang Gui Ping	Director
Ma Li Li	Supervisors
Jia Sen	Executives
Liu Deng Hua	Secretary Dong
Wang Yong Gang	Executives
Guo Ru Jin	Directors, executives
Zhang Jian Guo	Supervisors
Qiu Hong Tao	Securities Affairs Representative
Gu Jian Hua	Director
Cui Zhen Jie	Executives

Suning Universal Co (SZSE:000718) Headlines

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