SenseTime Group (HKSE:00020) Inventory Turnover : 2.08 (As of Dec. 2023)

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What is SenseTime Group 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. SenseTime Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,226 Mil. SenseTime Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$588 Mil. SenseTime Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SenseTime Group's Days Inventory for the six months ended in Dec. 2023 was 87.55.

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. SenseTime Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

SenseTime Group Inventory Turnover Historical Data

The historical data trend for SenseTime Group'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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SenseTime Group Inventory Turnover Chart

SenseTime Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.76

1.81

2.39

2.18

3.35

SenseTime Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					1.69	0.89	1.29	1.31	2.08

SenseTime Group Inventory Turnover Calculation

SenseTime Group'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 )
=	2083.709	/ (	(689.136	+	553.592)	/	2 )
=	2083.709	/	621.364
=	3.35

SenseTime Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1225.695	/ (	(622.408	+	553.592)	/	2 )
=	1225.695	/	588
=	2.08

SenseTime Group (HKSE:00020) 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.

SenseTime Group's Days Inventory for the six 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
	=	588	/	1225.695	*	365 / 2
	=	87.55

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.

SenseTime Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	588	/	2157.719
	=	0.27

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.

SenseTime Group Inventory Turnover Related Terms

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SenseTime Group (HKSE:00020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SenseTime Group Inc (HKSE:00020) » Definitions » Inventory Turnover

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SNTMF:USA

Address

No. 1900 Hongmei Road, Xuhui District, Shanghai, CHN, 200233

Website

https://www.sensetime.com

SenseTime Group Inc is a software company focused on creating an AI-empowered future through innovation. The Company develops software & hardware products for different industry verticals and use cases based on the same AI infrastructure platform & model training framework. The principal activities of the Group are the sale of advanced AI software, the sale of AI software platform & related services, the sale of AI software-embedded hardware and related services, AIDC service as well as research and development activities in relation to AI technologyThe Company is domiciled in the Cayman Islands while the Group mainly operates its businesses in four geographical areas of the world Mainland China, Northeast Asia, Southeast Asia, and others, out of which the majority is from Mainland China.

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