Sichuan Fulin Transportation Group Co (SZSE:002357) Inventory Turnover : 155.68 (As of Mar. 2024)

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What is Sichuan Fulin Transportation Group 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. Sichuan Fulin Transportation Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥168.7 Mil. Sichuan Fulin Transportation Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1.1 Mil. Sichuan Fulin Transportation Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 155.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Fulin Transportation Group Co's Days Inventory for the three months ended in Mar. 2024 was 0.59.

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. Sichuan Fulin Transportation Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Sichuan Fulin Transportation Group Co Inventory Turnover Historical Data

The historical data trend for Sichuan Fulin Transportation Group 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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Sichuan Fulin Transportation Group Co Inventory Turnover Chart

Sichuan Fulin Transportation Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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658.32

461.02

436.75

428.74

578.84

Sichuan Fulin Transportation Group 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															133.86	136.73	178.77	179.68	155.68

Sichuan Fulin Transportation Group Co Inventory Turnover Calculation

Sichuan Fulin Transportation Group 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 )
=	698.083	/ (	(1.307	+	1.105)	/	2 )
=	698.083	/	1.206
=	578.84

Sichuan Fulin Transportation Group 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 )
=	168.684	/ (	(1.105	+	1.062)	/	2 )
=	168.684	/	1.0835
=	155.68

Sichuan Fulin Transportation Group Co (SZSE:002357) 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.

Sichuan Fulin Transportation Group 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
	=	1.0835	/	168.684	*	365 / 4
	=	0.59

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.

Sichuan Fulin Transportation Group 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 )
	=	1.0835	/	211.841
	=	0.01

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.

Sichuan Fulin Transportation Group Co Inventory Turnover Related Terms

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Sichuan Fulin Transportation Group Co (SZSE:002357) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sichuan Fulin Transportation Group Co Ltd (SZSE:002357) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 239, Guangfu Road, Building 29, Area N, Qingyang District, Chengdu, CHN, 610091

Website

http://www.scflyy.cn

Sichuan Fulin Transportation Group Co Ltd is a China-based company engaged in passenger and freight transport. It also offers related extended services such as passenger and freight transportation services, charter services, a sale of petroleum products, road passenger transportation, and taxi management, urban bus operation, vehicle maintenance, vehicle inspection, driving and training services, and insurance concurrent agency.

Executives

Lu Qi Yong	Director
Tang Shan Lian	Supervisors
Cai Liang Fa	Directors, executives
Ceng Gang	Directors, executives
Wang Zhi	Directors, executives
Liu Jie Fang	Executives
Hou Lian Yu	Director
Chen Shu Guang	Director
Jiang Ming	Directors, executives

Sichuan Fulin Transportation Group Co (SZSE:002357) Headlines

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