Cubic Digital Technology Co (SZSE:300344) Inventory Turnover : 0.38 (As of Mar. 2024)

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What is Cubic Digital 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. Cubic Digital Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥27.3 Mil. Cubic Digital Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥72.1 Mil. Cubic Digital Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cubic Digital Technology Co's Days Inventory for the three months ended in Mar. 2024 was 240.60.

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. Cubic Digital Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.34.

Cubic Digital Technology Co Inventory Turnover Historical Data

The historical data trend for Cubic Digital 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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Cubic Digital Technology Co Inventory Turnover Chart

Cubic Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.94

3.86

9.99

5.44

2.26

Cubic Digital 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															0.52	1.80	1.48	-1.63	0.38

Cubic Digital Technology Co Inventory Turnover Calculation

Cubic Digital 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 )
=	164.159	/ (	(74.564	+	70.616)	/	2 )
=	164.159	/	72.59
=	2.26

Cubic Digital 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 )
=	27.326	/ (	(70.616	+	73.484)	/	2 )
=	27.326	/	72.05
=	0.38

Cubic Digital Technology Co (SZSE:300344) 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.

Cubic Digital 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
	=	72.05	/	27.326	*	365 / 4
	=	240.60

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.

Cubic Digital 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 )
	=	72.05	/	30.822
	=	2.34

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.

Cubic Digital Technology Co Inventory Turnover Related Terms

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Cubic Digital Technology Co (SZSE:300344) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Cubic Digital Technology Co Ltd (SZSE:300344) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12th Floor, Building 3, No. 1, Zhonghe Road, Fengtai District, Qiaonan, Beijing, CHN, 100070

Website

http://www.taikongintel.com

Cubic Digital Technology Co Ltd formerly Taikong Intelligent Construction Co Ltd is a China based company operates in the construction industry. It is committed to intelligent construction services, technology development, technical services, technology transfer, engineering technology consulting and system integration; software development and technical services. The product offered by the group include Composite core roof panel, Grid plate, Light board, 9m column distance, Industrial wall panel and others.

Executives

Li Zheng Chao	Executives
Fan Li	Directors, executives
Fan Zhi	Director
Zhao Huan	Supervisors
Lu Geng Sheng	Executives
Wang Quan	Directors, executives
Qian Wei Hua	Executives
Yang Kun	Supervisors
Zhang Zuo Ling	Executives

Cubic Digital Technology Co (SZSE:300344) Headlines

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