Beijing Thunisoft (SZSE:300271) Inventory Turnover : 0.26 (As of Mar. 2024)

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What is Beijing Thunisoft 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. Beijing Thunisoft's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥164 Mil. Beijing Thunisoft's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥625 Mil. Beijing Thunisoft's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Thunisoft's Days Inventory for the three months ended in Mar. 2024 was 348.68.

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. Beijing Thunisoft's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.57.

Beijing Thunisoft Inventory Turnover Historical Data

The historical data trend for Beijing Thunisoft'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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Beijing Thunisoft Inventory Turnover Chart

Beijing Thunisoft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.71

1.64

2.93

1.76

1.86

Beijing Thunisoft 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															0.14	0.30	0.23	0.86	0.26

Beijing Thunisoft Inventory Turnover Calculation

Beijing Thunisoft'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 )
=	1366.428	/ (	(869.489	+	601.036)	/	2 )
=	1366.428	/	735.2625
=	1.86

Beijing Thunisoft'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 )
=	163.605	/ (	(601.036	+	649.294)	/	2 )
=	163.605	/	625.165
=	0.26

Beijing Thunisoft (SZSE:300271) 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.

Beijing Thunisoft'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
	=	625.165	/	163.605	*	365 / 4
	=	348.68

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.

Beijing Thunisoft'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 )
	=	625.165	/	242.901
	=	2.57

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.

Beijing Thunisoft Inventory Turnover Related Terms

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Beijing Thunisoft (SZSE:300271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Thunisoft Corp Ltd (SZSE:300271) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Zhongguancun East Road, 25th Floor, Block C, Tsinghua Science and Technology Park, Science and Technology Building, Haidian District, Beijing, CHN, 100084

Website

http://www.thunisoft.com

Beijing Thunisoft Corp Ltd is a leading provider of information technology solutions. It provides comprehensive consulting services for clients in various industries such as courts, procuratorates, the judiciary, government, political and legal committees, taxation, tailor-made including industry application solutions and general solutions.

Executives

Zhao Xiao Ming	Directors, executives
Xing Li Jun	Executives
Wang Yan	Directors, executives
Lv Bin	Directors, executives
Ren Tao	Director
Shao Xue	Director
Yu Han	Securities Affairs Representative
Wang Zhen	Supervisors
Huang Fu Lin	Executives
Wang Jing	Supervisors
Yu Qing Yan	Directors, executives
Feng Xian Yang	Executives

Beijing Thunisoft (SZSE:300271) Headlines

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