GRG Banking Equipment Co (SZSE:002152) Inventory Turnover : 0.51 (As of Mar. 2024)

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What is GRG Banking Equipment 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. GRG Banking Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,338 Mil. GRG Banking Equipment Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,609 Mil. GRG Banking Equipment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GRG Banking Equipment Co's Days Inventory for the three months ended in Mar. 2024 was 177.88.

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. GRG Banking Equipment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.30.

GRG Banking Equipment Co Inventory Turnover Historical Data

The historical data trend for GRG Banking Equipment 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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GRG Banking Equipment Co Inventory Turnover Chart

GRG Banking Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.10

2.15

2.45

2.42

2.46

GRG Banking Equipment 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															0.40	0.54	0.56	0.87	0.51

GRG Banking Equipment Co Inventory Turnover Calculation

GRG Banking Equipment 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 )
=	5798.344	/ (	(2135.873	+	2570.261)	/	2 )
=	5798.344	/	2353.067
=	2.46

GRG Banking Equipment 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 )
=	1338.419	/ (	(2570.261	+	2647.761)	/	2 )
=	1338.419	/	2609.011
=	0.51

GRG Banking Equipment Co (SZSE:002152) 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.

GRG Banking Equipment 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
	=	2609.011	/	1338.419	*	365 / 4
	=	177.88

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.

GRG Banking Equipment 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 )
	=	2609.011	/	2006.26
	=	1.30

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.

GRG Banking Equipment Co Inventory Turnover Related Terms

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GRG Banking Equipment Co (SZSE:002152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GRG Banking Equipment Co Ltd (SZSE:002152) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 911, Colin Road, Science City, Hi-Tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

http://www.grgbanking.com

GRG Banking Equipment Co Ltd is engaged in the development and manufacturing of automated teller machines. Its business covers many more areas, such as smart transportation solution, public security with AI technologies like biometrics identification, image, and video analysis, and big data. Its products and services consist of a financial self-service solution such as retail solution and branch automation, cash sorting machine, OEM module, and terminal equipment.

Executives

Zhong Yong	Secretary Dong
Ye Zi Yu	Directors, executives
Kuang Jian Zhou	Supervisors
Jiang Chun Chen	Executives
Feng Feng Sui	Supervisors
Li Ye Dong	Executives
Chen Zhen Guang	Executives
Zhu Li Xin	Supervisors
Xiao Xun Yong	Director
Chen Jian Liang	Executives
Zhao You Yong	Director
Yang Hai Zhou	Director
Zhou Jian Kang	Supervisors
Ceng Wen	Executives
Wang Jun	Director

GRG Banking Equipment Co (SZSE:002152) Headlines

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