Winall Hi-tech Seed Co (SZSE:300087) Inventory Turnover : 0.24 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Winall Hi-tech Seed 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. Winall Hi-tech Seed Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥540 Mil. Winall Hi-tech Seed Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,216 Mil. Winall Hi-tech Seed Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Winall Hi-tech Seed Co's Days Inventory for the three months ended in Mar. 2024 was 374.46.

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. Winall Hi-tech Seed Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.29.

Winall Hi-tech Seed Co Inventory Turnover Historical Data

The historical data trend for Winall Hi-tech Seed 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.

* Premium members only.

Winall Hi-tech Seed Co Inventory Turnover Chart

Winall Hi-tech Seed Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.12

1.47

1.89

1.99

1.53

Winall Hi-tech Seed 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															0.35	0.29	0.28	0.91	0.24

Winall Hi-tech Seed Co Inventory Turnover Calculation

Winall Hi-tech Seed 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 )
=	2998.872	/ (	(1564.971	+	2358.192)	/	2 )
=	2998.872	/	1961.5815
=	1.53

Winall Hi-tech Seed 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 )
=	540.091	/ (	(2358.192	+	2074.532)	/	2 )
=	540.091	/	2216.362
=	0.24

Winall Hi-tech Seed Co (SZSE:300087) 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.

Winall Hi-tech Seed 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
	=	2216.362	/	540.091	*	365 / 4
	=	374.46

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.

Winall Hi-tech Seed 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 )
	=	2216.362	/	672.962
	=	3.29

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.

Winall Hi-tech Seed Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Winall Hi-tech Seed Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Winall Hi-tech Seed Co (SZSE:300087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Winall Hi-tech Seed Co Ltd (SZSE:300087) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Tian Chi Road, Hefei High-tech Industrial Development Zone No 3, Hefei, CHN, 230088

Website

http://www.winallseed.com

Winall Hi-tech Seed Co Ltd is a seed company. It is engaged in the breeding of various crop seeds in China. The company produces hybrid rice varieties from double cropping; and three-line two-line hybrid rice varieties, as well as corn, wheat, cottonseed oil, vegetables, west melon, pumpkin, and other crop seeds.

Executives

Zhang Qin	Directors, executives
Jiang San Qiao	Executives
Zhang Cong He	Executives
Zhu Quan Gui	Executives
Gao Sheng Cong	Executives
Jia Gui Lan	Director
Chen Jin Jie	Director
Wang Jin	Directors, executives
Feng Qi	Supervisors
Xu Wen Jian	Director
Gao Jian	Director
Wang Qun	Executives
Li Cheng Quan	Director
Jiang Xiao Min	Supervisors

Winall Hi-tech Seed Co (SZSE:300087) Headlines

No Headlines