Aishida Co (SZSE:002403) Inventory Turnover : 0.60 (As of Mar. 2024)

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What is Aishida 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. Aishida Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥470 Mil. Aishida Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥777 Mil. Aishida Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aishida Co's Days Inventory for the three months ended in Mar. 2024 was 150.87.

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. Aishida Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.14.

Aishida Co Inventory Turnover Historical Data

The historical data trend for Aishida 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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Aishida Co Inventory Turnover Chart

Aishida Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.59

2.26

2.77

2.44

2.29

Aishida 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															0.54	0.54	0.59	0.62	0.60

Aishida Co Inventory Turnover Calculation

Aishida 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 )
=	1797.693	/ (	(779.323	+	789.014)	/	2 )
=	1797.693	/	784.1685
=	2.29

Aishida 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 )
=	469.751	/ (	(789.014	+	764.339)	/	2 )
=	469.751	/	776.6765
=	0.60

Aishida Co (SZSE:002403) 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.

Aishida 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
	=	776.6765	/	469.751	*	365 / 4
	=	150.87

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.

Aishida 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 )
	=	776.6765	/	683.575
	=	1.14

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.

Aishida Co Inventory Turnover Related Terms

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Aishida Co (SZSE:002403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Aishida Co Ltd (SZSE:002403) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Development Zone, Wenling, Zhejiang, CHN, 317500

Website

http://www.chinaasd.com

Aishida Co Ltd is a China-based company engaged in the manufacture and distribution of cookware and automotive components. It also offers mechanical parts, general parts, kitchen and bathroom products, metal composites, chemical products.

Executives

Chen Mei Rong	Executives
Chen He Lin	Directors, executives
Hong Wei Guo	Executives

Aishida Co (SZSE:002403) Headlines

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