Gaona Aero Material Co (SZSE:300034) Inventory Turnover : 0.31 (As of Mar. 2024)

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What is Gaona Aero Material 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. Gaona Aero Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥534 Mil. Gaona Aero Material Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,714 Mil. Gaona Aero Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gaona Aero Material Co's Days Inventory for the three months ended in Mar. 2024 was 293.06.

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. Gaona Aero Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.15.

Gaona Aero Material Co Inventory Turnover Historical Data

The historical data trend for Gaona Aero Material 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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Gaona Aero Material Co Inventory Turnover Chart

Gaona Aero Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.13

1.92

1.98

2.18

1.80

Gaona Aero Material 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															0.38	0.42	0.42	0.41	0.31

Gaona Aero Material Co Inventory Turnover Calculation

Gaona Aero Material 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 )
=	2412.143	/ (	(1051.634	+	1634.588)	/	2 )
=	2412.143	/	1343.111
=	1.80

Gaona Aero Material 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 )
=	533.775	/ (	(1634.588	+	1793.964)	/	2 )
=	533.775	/	1714.276
=	0.31

Gaona Aero Material Co (SZSE:300034) 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.

Gaona Aero Material 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
	=	1714.276	/	533.775	*	365 / 4
	=	293.06

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.

Gaona Aero Material 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 )
	=	1714.276	/	798.595
	=	2.15

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.

Gaona Aero Material Co Inventory Turnover Related Terms

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Gaona Aero Material Co (SZSE:300034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Gaona Aero Material Co Ltd (SZSE:300034) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19 Daliushu South Village, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.cisri-gaona.com.cn

Gaona Aero Material Co Ltd is engaged in the research and development, production, and sales of high-temperature materials in aerospace materials. The products of the company include casting alloy products, deformed alloy products which include high-temperature alloy bar, superalloy pipe, powder alloy products which include powder superalloy forgings, and special alloy products which include oxide dispersion strengthening series, friction plate, and porous foam products.

Executives

Yang Jie	Executives
Cai Xiao Bao	Directors, executives
Zhou Qian	Executives
Yin Fa Jie	Executives
Zhang Ji	Executives
Shao Chong	Directors, executives
Ma Hong Jun	Securities Affairs Representative
Zhao Ming Han	Director
Xu Ruo Gang	Supervisors
Ma Zhang Lin	Executives
Xu Hong Gui	Directors, executives, securities affairs represen
Wang Chen	Director

Gaona Aero Material Co (SZSE:300034) Headlines

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