Goody Science and Technology Co (SZSE:002694) Inventory Turnover : 0.56 (As of Mar. 2024)

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What is Goody Science and Technology 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. Goody Science and Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥133.8 Mil. Goody Science and Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥238.3 Mil. Goody Science and Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goody Science and Technology Co's Days Inventory for the three months ended in Mar. 2024 was 162.53.

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. Goody Science and Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.64.

Goody Science and Technology Co Inventory Turnover Historical Data

The historical data trend for Goody Science and Technology 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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Goody Science and Technology Co Inventory Turnover Chart

Goody Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.25

3.71

4.41

3.16

3.05

Goody Science and Technology 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	0.80	0.69	0.76	0.56

Goody Science and Technology Co Inventory Turnover Calculation

Goody Science and Technology 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 )
=	780.451	/ (	(277.057	+	234.548)	/	2 )
=	780.451	/	255.8025
=	3.05

Goody Science and Technology 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 )
=	133.774	/ (	(234.548	+	241.983)	/	2 )
=	133.774	/	238.2655
=	0.56

Goody Science and Technology Co (SZSE:002694) 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.

Goody Science and Technology 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
	=	238.2655	/	133.774	*	365 / 4
	=	162.53

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.

Goody Science and Technology 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 )
	=	238.2655	/	145.508
	=	1.64

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.

Goody Science and Technology Co Inventory Turnover Related Terms

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Goody Science and Technology Co (SZSE:002694) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Goody Science and Technology Co Ltd (SZSE:002694) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 18, Wuchu Avenue, Ezhou Economic Development Zone, Hubei Province, Ezhou, CHN, 436000

Website

http://www.goody.com.cn

Goody Science and Technology Co Ltd is engaged in manufacturing plastic pipes. The company offers products including fire hose, drain pipes, water pipes and farm tubes.

Executives

Zhang Zhen Guo	Director
Zhang Wen Fang	Executives
Xu Hui Li	Supervisors
Fu Zhi Min	Directors, executives
Wang Han Hua	Executives
Wang Hong Lin	Directors, executives
Zhao Xia	Supervisors
Lin Chang Hua	Directors, executives
Shen Peng	Directors, executives
Lin Chao Qun	Director
Sun Zhi Jun	Executives

Goody Science and Technology Co (SZSE:002694) Headlines

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