Guangzheng Eye Hospital Group Co (SZSE:002524) Inventory Turnover : 3.81 (As of Mar. 2024)

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What is Guangzheng Eye Hospital 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. Guangzheng Eye Hospital Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥133 Mil. Guangzheng Eye Hospital Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥35 Mil. Guangzheng Eye Hospital Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzheng Eye Hospital Group Co's Days Inventory for the three months ended in Mar. 2024 was 23.97.

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. Guangzheng Eye Hospital Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.17.

Guangzheng Eye Hospital Group Co Inventory Turnover Historical Data

The historical data trend for Guangzheng Eye Hospital 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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Guangzheng Eye Hospital Group Co Inventory Turnover Chart

Guangzheng Eye Hospital Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.50

8.61

11.45

10.42

16.05

Guangzheng Eye Hospital 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															2.65	4.76	4.58	4.31	3.81

Guangzheng Eye Hospital Group Co Inventory Turnover Calculation

Guangzheng Eye Hospital 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 )
=	697.938	/ (	(57.335	+	29.623)	/	2 )
=	697.938	/	43.479
=	16.05

Guangzheng Eye Hospital 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 )
=	132.659	/ (	(29.623	+	40.068)	/	2 )
=	132.659	/	34.8455
=	3.81

Guangzheng Eye Hospital Group Co (SZSE:002524) 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.

Guangzheng Eye Hospital 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
	=	34.8455	/	132.659	*	365 / 4
	=	23.97

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.

Guangzheng Eye Hospital 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 )
	=	34.8455	/	199.538
	=	0.17

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.

Guangzheng Eye Hospital Group Co Inventory Turnover Related Terms

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Guangzheng Eye Hospital Group Co (SZSE:002524) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzheng Eye Hospital Group Co Ltd (SZSE:002524) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 266, Fusion North Road, Urumqi Economic and Technological Development Zone, Xinjiang Uygur Autonomous Region, Urumqi, CHN, 830012

Website

http://www.gzss.cc

Guangzheng Eye Hospital Group Co Ltd is engaged in investment and management business of eye hospital, energy and steel structure business. Its activities include diagnosis and treatment of various eye diseases, medical optometry, eye hospital investment, eye hospital management services, and research on eye medical technology. It also engages in sales and transportation of natural gas; construction steel structure, and property services.

Executives

Lian Jing Cai	Executives
Rong Ao	Executives
Lin Chun Guang	Director
Chen Shao Wei	Executives
Che Han Shu	Director
Zhou Yong Lin	Directors, Directors, and Executives
Liu Lan Ying	Supervisors
Ren Cong Rong	Executives
Xu Bing	Director
Li Shi Lin	Executives
Jiang Yong	Directors, executives

Guangzheng Eye Hospital Group Co (SZSE:002524) Headlines

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