BOE Technology Group Co (SZSE:000725) Inventory Turnover : 1.63 (As of Mar. 2024)

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What is BOE Technology 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. BOE Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥39,241 Mil. BOE Technology Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥24,073 Mil. BOE Technology Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BOE Technology Group Co's Days Inventory for the three months ended in Mar. 2024 was 55.98.

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

BOE Technology Group Co Inventory Turnover Historical Data

The historical data trend for BOE Technology 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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BOE Technology Group Co Inventory Turnover Chart

BOE Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.08

7.29

6.89

6.23

6.51

BOE Technology 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															1.51	1.51	1.51	1.59	1.63

BOE Technology Group Co Inventory Turnover Calculation

BOE Technology 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 )
=	152633.061	/ (	(22787.814	+	24119.667)	/	2 )
=	152633.061	/	23453.7405
=	6.51

BOE Technology 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 )
=	39241.468	/ (	(24119.667	+	24025.961)	/	2 )
=	39241.468	/	24072.814
=	1.63

BOE Technology Group Co (SZSE:000725) 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.

BOE Technology 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
	=	24072.814	/	39241.468	*	365 / 4
	=	55.98

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.

BOE Technology 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 )
	=	24072.814	/	45887.57
	=	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.

BOE Technology Group Co Inventory Turnover Related Terms

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BOE Technology Group Co (SZSE:000725) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BOE Technology Group Co Ltd (SZSE:000725) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

200725:China

Address

No. 10 Jiuxianqiao Road, Chaoyang District, Beijing, CHN, 100015

Website

https://www.boe.com

BOE Technology Group Co Ltd is an investment holding company. The reportable segments of the company are Display device business; Internet of things innovation business; Sensing business; MLED business; Smart medical and industrial business and others. It generates maximum revenue from Display device business segment. The Display business segment integrates design and manufacturing of display devices and strives to offer TFT-LCD, AMOLED, Microdisplay, and other intelligent interface devices, which develops a platform that integrates panels, modules, whole widget, and services.

Executives

He Dao Pin	Supervisors
Yan Jun	Supervisors
Xie Zhong Dong	Executives
Feng Li Qiong	Executives
Miao Chuan Bin	Executives
Zhong Hui Feng	Executives
Yao Xiang Jun	Executives
Liu Xiao Dong	Directors, executives
Teng Jiao	Supervisors
Gao Wen Bao	Directors, executives
Xu Yang Ping	Supervisors
Zhang Zhao Hong	Executives
Chen Yan Shun	Directors, executives
Liu Hong Feng	Directors, executives
Sun Yun	Directors, executives

BOE Technology Group Co (SZSE:000725) Headlines

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