Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) Inventory Turnover : 0.59 (As of Mar. 2024)

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What is Shenzhen Tianyuan Dic Information 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. Shenzhen Tianyuan Dic Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,363 Mil. Shenzhen Tianyuan Dic Information Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,316 Mil. Shenzhen Tianyuan Dic Information Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Tianyuan Dic Information Technology Co's Days Inventory for the three months ended in Mar. 2024 was 155.09.

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. Shenzhen Tianyuan Dic Information Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.52.

Shenzhen Tianyuan Dic Information Technology Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Tianyuan Dic Information 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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Shenzhen Tianyuan Dic Information Technology Co Inventory Turnover Chart

Shenzhen Tianyuan Dic Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.61

3.07

2.86

2.83

2.75

Shenzhen Tianyuan Dic Information 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															0.58	0.66	0.72	1.12	0.59

Shenzhen Tianyuan Dic Information Technology Co Inventory Turnover Calculation

Shenzhen Tianyuan Dic Information 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 )
=	5887.239	/ (	(1874.955	+	2399.7)	/	2 )
=	5887.239	/	2137.3275
=	2.75

Shenzhen Tianyuan Dic Information 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 )
=	1362.802	/ (	(2399.7	+	2232.66)	/	2 )
=	1362.802	/	2316.18
=	0.59

Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) 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.

Shenzhen Tianyuan Dic Information 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
	=	2316.18	/	1362.802	*	365 / 4
	=	155.09

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.

Shenzhen Tianyuan Dic Information 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 )
	=	2316.18	/	1521.535
	=	1.52

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.

Shenzhen Tianyuan Dic Information Technology Co Inventory Turnover Related Terms

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Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Tianyuan Dic Information Technology Co Ltd (SZSE:300047) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Nanqi Road, 3rd Floor, T3 Building, Shenzhen High-tech Industrial Park, Shenzhen, CHN

Website

http://www.tydic.com

Shenzhen Tianyuan Dic Information Technology Co Ltd is a China-based provider of integrated internet and big data solutions. It is engaged in the development of advanced technologies such as cloud computing, big data, artificial intelligence, and the Internet of Things. The business areas to which the company offers are operators, public security, government, finance, and new energy.

Executives

Xie Li Ta	Executives
Chen Bing	Director
Chen Lu Kang	Directors, executives
Xie Xiao Bin	Director
Chen Xiu Qin	Directors, executives
Luo Zan	Executives
Wang Dong Sheng	Directors, executives
Guan Si Xin	Executives
Lin Rong	Executives
Chen You	Director
Xie Wei	Securities Affairs Representative
Liang Ling Lin	Supervisors
Li Qian Yi	Directors, executives
Zhang Yuan	Supervisors
Zheng Yu	Securities Affairs Representative

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