Lijiang Yulong Tourism Co (SZSE:002033) Inventory Turnover : 4.24 (As of Mar. 2024)

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What is Lijiang Yulong Tourism 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. Lijiang Yulong Tourism Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥75.1 Mil. Lijiang Yulong Tourism Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥17.7 Mil. Lijiang Yulong Tourism Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lijiang Yulong Tourism Co's Days Inventory for the three months ended in Mar. 2024 was 21.54.

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. Lijiang Yulong Tourism Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.10.

Lijiang Yulong Tourism Co Inventory Turnover Historical Data

The historical data trend for Lijiang Yulong Tourism 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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Lijiang Yulong Tourism Co Inventory Turnover Chart

Lijiang Yulong Tourism Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.98

14.49

13.99

12.72

18.14

Lijiang Yulong Tourism 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															3.87	4.47	5.14	4.84	4.24

Lijiang Yulong Tourism Co Inventory Turnover Calculation

Lijiang Yulong Tourism 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 )
=	330.102	/ (	(18.672	+	17.724)	/	2 )
=	330.102	/	18.198
=	18.14

Lijiang Yulong Tourism 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 )
=	75.134	/ (	(17.724	+	17.754)	/	2 )
=	75.134	/	17.739
=	4.24

Lijiang Yulong Tourism Co (SZSE:002033) 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.

Lijiang Yulong Tourism 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
	=	17.739	/	75.134	*	365 / 4
	=	21.54

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.

Lijiang Yulong Tourism 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 )
	=	17.739	/	179.93
	=	0.10

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.

Lijiang Yulong Tourism Co Inventory Turnover Related Terms

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Lijiang Yulong Tourism Co (SZSE:002033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lijiang Yulong Tourism Co Ltd (SZSE:002033) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 760, Xianggeli Avenue, Lijiang Yulong Tourism Building, Gucheng District, Yunnan Province, Lijiang, CHN, 674100

Website

http://www.yulongtour.com

Lijiang Yulong Tourism Co Ltd is a comprehensive tourism group enterprise. It generally covers ropeway services, eco-car transportation, tourism souvenir development, hotel services, cultural performances, catering services, travel agencies and research and development of biological resources. Further, it is also involved in providing cableway services and other ancillary services. Geographically, the activities are carried out through the region of China.

Executives

Deng Li Xing	Supervisors
Yang Ning	Directors, executives
Liu Xiao Hua	Directors, executives
Wang Xia	Supervisors, within half a year of separation
Hao Gang	Supervisors

Lijiang Yulong Tourism Co (SZSE:002033) Headlines

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