Sinodata Co (SZSE:002657) Inventory Turnover : 0.29 (As of Mar. 2024)

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What is Sinodata 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. Sinodata Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥95.6 Mil. Sinodata Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥324.5 Mil. Sinodata Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sinodata Co's Days Inventory for the three months ended in Mar. 2024 was 309.88.

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. Sinodata Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.63.

Sinodata Co Inventory Turnover Historical Data

The historical data trend for Sinodata 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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Sinodata Co Inventory Turnover Chart

Sinodata Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.92

2.98

2.35

1.77

1.98

Sinodata 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															0.53	0.38	0.46	0.76	0.29

Sinodata Co Inventory Turnover Calculation

Sinodata 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 )
=	794.512	/ (	(492.198	+	308.987)	/	2 )
=	794.512	/	400.5925
=	1.98

Sinodata 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 )
=	95.564	/ (	(308.987	+	340.076)	/	2 )
=	95.564	/	324.5315
=	0.29

Sinodata Co (SZSE:002657) 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.

Sinodata 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
	=	324.5315	/	95.564	*	365 / 4
	=	309.88

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.

Sinodata 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 )
	=	324.5315	/	123.489
	=	2.63

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.

Sinodata Co Inventory Turnover Related Terms

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Sinodata Co (SZSE:002657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinodata Co Ltd (SZSE:002657) » Definitions » Inventory Turnover

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Address

College Road, Haidian District, Building 39, 10th Floor, Beijing, CHN, 100191

Website

http://www.sinodata.net.cn

Sinodata Co Ltd is a software and information service company. The firm is mainly engaged in the design and development of the software applications and platforms for banking and other financial institutions. The company focuses on the internet banking cloud platform, financial asset trading platform, supply chain financial service platform, an e-commerce platform, and mobile payment operations.

Executives

Shen Sa	Directors, executives
Wang Zhi Yu	Executives
Liu Kai Tong	Director
Zhu Ye Dong	Director
He Zhe	Director
Zhang Chao Ying	Executives

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