Dian Diagnostics Group Co (SZSE:300244) Inventory Turnover : 1.44 (As of Mar. 2024)

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What is Dian Diagnostics Group 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. Dian Diagnostics Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,214 Mil. Dian Diagnostics Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,534 Mil. Dian Diagnostics Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dian Diagnostics Group Co's Days Inventory for the three months ended in Mar. 2024 was 63.22.

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. Dian Diagnostics Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

Dian Diagnostics Group Co Inventory Turnover Historical Data

The historical data trend for Dian Diagnostics Group 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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Dian Diagnostics Group Co Inventory Turnover Chart

Dian Diagnostics Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.52

5.33

6.58

9.22

6.26

Dian Diagnostics Group 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															1.43	1.58	1.55	1.53	1.44

Dian Diagnostics Group Co Inventory Turnover Calculation

Dian Diagnostics Group 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 )
=	9213.384	/ (	(1434.279	+	1508.949)	/	2 )
=	9213.384	/	1471.614
=	6.26

Dian Diagnostics Group 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 )
=	2214.051	/ (	(1508.949	+	1559.061)	/	2 )
=	2214.051	/	1534.005
=	1.44

Dian Diagnostics Group Co (SZSE:300244) 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.

Dian Diagnostics Group 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
	=	1534.005	/	2214.051	*	365 / 4
	=	63.22

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.

Dian Diagnostics Group 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 )
	=	1534.005	/	2973.006
	=	0.52

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.

Dian Diagnostics Group Co Inventory Turnover Related Terms

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Dian Diagnostics Group Co (SZSE:300244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Dian Diagnostics Group Co Ltd (SZSE:300244) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 329, Jinpeng Street, 5th Floor, Building 2, Xihu District, Zhejiang, Hangzhou, CHN, 310030

Website

http://www.dazd.cn

Dian Diagnostics Group Co Ltd is an independent third-party medical diagnostic service provider that provides diagnostic services outsourcing as its core business. It promotes the development of multi-service areas of medical diagnostic platforms and integrated development strategies for upstream and downstream industry chains, covering medical diagnostic services and diagnostic products.

Executives

Chen Hai Bin	Director
Chen Shi Shi	Supervisors
Guo San Hui	Executives
Yao Shu Lie	Executives
Xu Min	Director
Wang Yan Xiao	Directors, executives
Chen Zuo Xiu	Directors, executives
Hu Yong	Director
Hu Miao Shen	Executives
Chen Xue Dong	Director
Jiang Tang	Directors, executives
Tao Jun	Securities Affairs Representative
Wu Zheng Xin	Executives
Cheng Xiu Li	Supervisors

Dian Diagnostics Group Co (SZSE:300244) Headlines

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