Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Inventory Turnover : 0.53 (As of Mar. 2024)

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What is Guangdong Dongfang Precision Science & Tech 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. Guangdong Dongfang Precision Science & Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥648 Mil. Guangdong Dongfang Precision Science & Tech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,223 Mil. Guangdong Dongfang Precision Science & Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Dongfang Precision Science & Tech Co's Days Inventory for the three months ended in Mar. 2024 was 172.38.

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. Guangdong Dongfang Precision Science & Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.31.

Guangdong Dongfang Precision Science & Tech Co Inventory Turnover Historical Data

The historical data trend for Guangdong Dongfang Precision Science & Tech 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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Guangdong Dongfang Precision Science & Tech Co Inventory Turnover Chart

Guangdong Dongfang Precision Science & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.31

2.99

3.19

2.89

2.95

Guangdong Dongfang Precision Science & Tech 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															0.56	0.62	0.66	0.79	0.53

Guangdong Dongfang Precision Science & Tech Co Inventory Turnover Calculation

Guangdong Dongfang Precision Science & Tech 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 )
=	3359.528	/ (	(1092.982	+	1182.411)	/	2 )
=	3359.528	/	1137.6965
=	2.95

Guangdong Dongfang Precision Science & Tech 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 )
=	647.572	/ (	(1182.411	+	1264.251)	/	2 )
=	647.572	/	1223.331
=	0.53

Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) 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.

Guangdong Dongfang Precision Science & Tech 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
	=	1223.331	/	647.572	*	365 / 4
	=	172.38

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.

Guangdong Dongfang Precision Science & Tech 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 )
	=	1223.331	/	935.145
	=	1.31

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.

Guangdong Dongfang Precision Science & Tech Co Inventory Turnover Related Terms

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Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Dongfang Precision Science & Tech Co Ltd (SZSE:002611) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 2, Zhenqiangshi Road, Nanhai District, Guangdong Province, Foshan, CHN

Website

https://www.df-global.cn

Guangdong Dongfang Precision Science & Tech Co Ltd is a China-based company that engages in the process, manufacture, and sale of carton printing equipment and accessories. The main products of the company's intelligent packaging equipment business include corrugated cardboard production line, corrugated box printing complete production line, pre-press, post-press intelligent automation equipment, and automated logistics systems. Some of the company's standalone printing products equipment include TOPRA AD, TOPRA GT, APSTAR HG 2, and APSTAR HS. The company's products are exported to more than 30 countries and regions, including Europe, America, Asia, Africa, Latin America, and Oceania.

Executives

Xie Wei Wei	Directors, executives
Qiu Ye Zhi	Directors, executives
Li Ke Tian	Independent director
Yang Ya Li	Directors, executives
Tang Zhuo Mian	Director
Tang Zhuo Lin	Director
Tang Yan Ling	Supervisors
Cen Mei Ling	Supervisors

Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Headlines

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