Xiamen Comfort Science and Technology Group Co (SZSE:002614) Inventory Turnover : 0.67 (As of Mar. 2024)

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What is Xiamen Comfort Science and Technology 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. Xiamen Comfort Science and Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥645 Mil. Xiamen Comfort Science and Technology Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥958 Mil. Xiamen Comfort Science and Technology Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiamen Comfort Science and Technology Group Co's Days Inventory for the three months ended in Mar. 2024 was 135.58.

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. Xiamen Comfort Science and Technology Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.91.

Xiamen Comfort Science and Technology Group Co Inventory Turnover Historical Data

The historical data trend for Xiamen Comfort Science and Technology 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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Xiamen Comfort Science and Technology Group Co Inventory Turnover Chart

Xiamen Comfort Science and Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.56

4.08

3.82

2.90

2.93

Xiamen Comfort Science and Technology 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															0.64	0.69	0.84	0.78	0.67

Xiamen Comfort Science and Technology Group Co Inventory Turnover Calculation

Xiamen Comfort Science and Technology 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 )
=	3165.557	/ (	(1171.099	+	988.226)	/	2 )
=	3165.557	/	1079.6625
=	2.93

Xiamen Comfort Science and Technology 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 )
=	644.805	/ (	(988.226	+	927.899)	/	2 )
=	644.805	/	958.0625
=	0.67

Xiamen Comfort Science and Technology Group Co (SZSE:002614) 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.

Xiamen Comfort Science and Technology 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
	=	958.0625	/	644.805	*	365 / 4
	=	135.58

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.

Xiamen Comfort Science and Technology 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 )
	=	958.0625	/	1051.118
	=	0.91

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.

Xiamen Comfort Science and Technology Group Co Inventory Turnover Related Terms

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Xiamen Comfort Science and Technology Group Co (SZSE:002614) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Xiamen Comfort Science and Technology Group Co Ltd (SZSE:002614) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 31, Anling Second Road, Huli High-tech Park, Fujian Province, Xiamen, CHN, 361015

Website

http://www.easepal.com.cn

Xiamen Comfort Science and Technology Group Co Ltd is a China based company operating in the industries of health massage, health environment, home medical care, and others. The company is principally engaged in manufacturing massage healthcare product like massage chairs. It also offers products in the areas of healthy environment like humidifier, and health monitoring like weight analysis device. The company sells its products in China and other international countries. Some of the company's brands are Ogawa, Cozzia, Fuji, Fujimedic, and Medisana.

Executives

Wang Hong Wei	Supervisors
Su Wei Biao	Executives
Li Qiao Qiao	Directors, executives
Tang Zhi Guo	Director
Li Wu Ling	Directors, executives
Zou Jian Han	Directors, executives
Yi Wei Dong	Supervisors
Ceng Jian Bao	Director
Chen Shu Mei	Executives
Cui Hong Hai	Executives
Yang Yan	Supervisors
Zhang Quan	Directors, executives
Liu Yuan Li	Independent director
Wei Gang	Directors, executives
Gao Lan Zhou	Supervisors

Xiamen Comfort Science and Technology Group Co (SZSE:002614) Headlines

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