Googol Technology Co (SZSE:301510) Inventory Turnover : 0.54 (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Googol 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. Googol Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥65.9 Mil. Googol Technology Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥121.0 Mil. Googol Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Googol Technology Co's Days Inventory for the three months ended in Jun. 2024 was 167.50.

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. Googol Technology Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.97.

Googol Technology Co Inventory Turnover Historical Data

The historical data trend for Googol 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.

* Premium members only.

Googol Technology Co Inventory Turnover Chart

Googol Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.59

1.65

1.71

1.49

1.97

Googol Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial											0.40	0.39	0.72	0.38	0.54

Googol Technology Co Inventory Turnover Calculation

Googol 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 )
=	215.021	/ (	(112.533	+	106.052)	/	2 )
=	215.021	/	109.2925
=	1.97

Googol Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	65.897	/ (	(123.883	+	118.04)	/	2 )
=	65.897	/	120.9615
=	0.54

Googol Technology Co (SZSE:301510) 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.

Googol Technology Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	120.9615	/	65.897	*	365 / 4
	=	167.50

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.

Googol Technology Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	120.9615	/	125.291
	=	0.97

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.

Googol Technology Co Inventory Turnover Related Terms

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

Googol Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Googol Technology Co Ltd (SZSE:301510) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenzhen-Hong Kong Industry-University-Research Base, Room W211, 2nd Floor, West Building, High-tech Zone, Nanshan, South District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.googoltech.com.cn

Googol Technology Co Ltd a high-tech enterprise engaged in the research and development of manufacturing core technologies, is one of the comprehensive solution providers for fully interconnected intelligent manufacturing at home and abroad. Googol Technology focuses on the core technology research in the five directions of motion control, servo drive, multi-dimensional perception, industrial field network and industrial software. The operation and control technology and products of Googol Technology are widely used in industrial control fields such as microelectronics, robots, CNC machine tools, electronic processing, testing, printing, packaging and production automation.

Googol Technology Co Headlines

No Headlines