Beijing VRV Software (SZSE:300352) Inventory Turnover : 0.08 (As of Mar. 2024)

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What is Beijing VRV Software 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 VRV Software's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥28.4 Mil. Beijing VRV Software's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥371.0 Mil. Beijing VRV Software's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing VRV Software's Days Inventory for the three months ended in Mar. 2024 was 1,193.87.

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 VRV Software's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.85.

Beijing VRV Software Inventory Turnover Historical Data

The historical data trend for Beijing VRV Software'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 VRV Software Inventory Turnover Chart

Beijing VRV Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.90

0.87

0.60

0.35

0.32

Beijing VRV Software 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															0.05	0.09	0.01	0.10	0.08

Beijing VRV Software Inventory Turnover Calculation

Beijing VRV Software'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 )
=	172.292	/ (	(724.282	+	357.26)	/	2 )
=	172.292	/	540.771
=	0.32

Beijing VRV Software'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 )
=	28.357	/ (	(357.26	+	384.755)	/	2 )
=	28.357	/	371.0075
=	0.08

Beijing VRV Software (SZSE:300352) 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 VRV Software'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
	=	371.0075	/	28.357	*	365 / 4
	=	1,193.87

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 VRV Software'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 )
	=	371.0075	/	130.351
	=	2.85

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 VRV Software Inventory Turnover Related Terms

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Beijing VRV Software (SZSE:300352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing VRV Software Corp Ltd (SZSE:300352) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beijing Zhongguancun South Street, Zhongguancun Science and Technology Development, Building 34, Room 1602, Block C, Haidian District, Beijing, CHN, 100081

Website

http://www.vrv.com.cn

Beijing VRV Software Corp Ltd is engaged in developing, manufacturing & selling of information security software products and services. The company provides data applications, mobile management systems, domestic terminal security systems, border security products, Intranet security products, anti-virus software, and data security products.

Executives

Wang Xiao Na	Directors, executives
Yang Jie	Directors, executives
Yang Wei	Executives
Hu Jian Bin	Director
Gao Xi	Directors, executives
Lin Hao	Directors, executives
Ma Cheng Dong	Supervisors
Ha Lian Qin	Supervisors
Shen Jian Fei	Independent director
Zhao Zhan Sheng	Independent director

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