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Everdisplay Optronics Shanghai Co (SHSE:688538) Inventory-to-Revenue : 0.74 (As of Mar. 2024)


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What is Everdisplay Optronics Shanghai Co Inventory-to-Revenue?

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. Everdisplay Optronics Shanghai Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥836 Mil. Everdisplay Optronics Shanghai Co's Revenue for the three months ended in Mar. 2024 was ¥1,124 Mil. Everdisplay Optronics Shanghai Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

Everdisplay Optronics Shanghai Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Dec. 2023 (0.97) to Dec. 2023 (0.74)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Everdisplay Optronics Shanghai Co's Days Inventory for the three months ended in Mar. 2024 was 52.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Everdisplay Optronics Shanghai Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.74.


Everdisplay Optronics Shanghai Co Inventory-to-Revenue Historical Data

The historical data trend for Everdisplay Optronics Shanghai Co's Inventory-to-Revenue 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.

Everdisplay Optronics Shanghai Co Inventory-to-Revenue Chart

Everdisplay Optronics Shanghai Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial 0.19 0.23 0.22 0.30 0.39

Everdisplay Optronics Shanghai Co Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.74 2.79 1.98 0.97 0.74

Competitive Comparison of Everdisplay Optronics Shanghai Co's Inventory-to-Revenue

For the Electronic Components subindustry, Everdisplay Optronics Shanghai Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Everdisplay Optronics Shanghai Co's Inventory-to-Revenue Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Everdisplay Optronics Shanghai Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Everdisplay Optronics Shanghai Co's Inventory-to-Revenue falls into.



Everdisplay Optronics Shanghai Co Inventory-to-Revenue Calculation

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.

Everdisplay Optronics Shanghai Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (1488.556 + 861.046) / 2 ) / 3038.45
=1174.801 / 3038.45
=0.39

Everdisplay Optronics Shanghai Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (861.046 + 810.9) / 2 ) / 1124.074
=835.973 / 1124.074
=0.74

* 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.


Everdisplay Optronics Shanghai Co  (SHSE:688538) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Everdisplay Optronics Shanghai 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
=835.973/1456.052*365 / 4
=52.39

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Everdisplay Optronics Shanghai Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=1456.052 / 835.973
=1.74

* 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.


Everdisplay Optronics Shanghai Co Inventory-to-Revenue Related Terms

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Everdisplay Optronics Shanghai Co (SHSE:688538) Business Description

Traded in Other Exchanges
N/A
Address
No. 1568, Jiugong Road, Jinshan Industrial Zone, Shanghai, CHN, 201506
Everdisplay Optronics Shanghai Co Ltd is engaged in the research and development, production and sales of small and medium-sized AMOLED semiconductor display panels.
Executives
Zhang Bin senior management
Liu Hui Ran Directors, senior managers
Liang Xiao senior management
Li Feng Ling senior management
Chen Zhi Hong senior management
Fu Wen Biao Director

Everdisplay Optronics Shanghai Co (SHSE:688538) Headlines

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