Viomi Technology Co (Viomi Technology Co) Inventory-to-Revenue : 0.40 (As of Dec. 2023)

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What is Viomi Technology 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. Viomi Technology Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $66.6 Mil. Viomi Technology Co's Revenue for the three months ended in Dec. 2023 was $166.5 Mil. Viomi Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.40.

Viomi Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Jun. 2023 (0.00) to Jun. 2023 (0.40)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Viomi Technology Co's Days Inventory for the three months ended in Dec. 2023 was 47.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Viomi Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.91.

Viomi Technology Co Inventory-to-Revenue Historical Data

The historical data trend for Viomi Technology 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.

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Viomi Technology Co Inventory-to-Revenue Chart

Viomi Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.07

0.10

0.18

0.19

Viomi Technology Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.66	0.87	0.61	-	0.40

Competitive Comparison of Viomi Technology Co's Inventory-to-Revenue

For the Furnishings, Fixtures & Appliances subindustry, Viomi Technology 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.

Viomi Technology Co's Inventory-to-Revenue Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Viomi Technology Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Viomi Technology Co's Inventory-to-Revenue falls into.

Viomi Technology Co Inventory-to-Revenue Calculation

Viomi Technology 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 )
=	( (72.047	+	61.934)	/	2 )	/	349.204
=	66.9905					/	349.204
=	0.19

Viomi Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (71.196	+	61.934)	/	2 )	/	166.521
=	66.565					/	166.521
=	0.40

Viomi Technology Co (NAS:VIOT) Inventory-to-Revenue Explanation

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

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.

Viomi Technology Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	66.565	/	126.926	*	365 / 4
	=	47.86

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

Viomi Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	126.926	/	66.565
	=	1.91

Viomi Technology Co Inventory-to-Revenue Related Terms

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Viomi Technology Co (Viomi Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Viomi Technology Co Ltd (NAS:VIOT) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xingang East Road, Wansheng Square, Room 1302 Tower C, Haizhu District, Guangdong, Guangzhou, CHN, 510220

Website

https://www.viomi.com.cn

Viomi Technology Co Ltd along with its subsidiaries provides Internet of Things (IoT) enabled smart home products through its platform. It has developed an IoT Home platform, consisting of an ecosystem of IoT Home portfolio, and home water solutions, together with a suite of complementary consumable products and small appliances and others. Its product offerings include Smart kitchen products like refrigerators, oven steamers, dishwashers, and gas stoves, Other smart products such as air conditioning systems, washing machines, water heaters, smart water kettles, interactive smart screens, and other smart devices, and Home water solutions include self-branded and Xiaomi-branded smart water purifiers.