Sanan Optoelectronics Co (SHSE:600703) Inventory Turnover : 0.56 (As of Mar. 2024)

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What is Sanan Optoelectronics 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. Sanan Optoelectronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,029 Mil. Sanan Optoelectronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥5,377 Mil. Sanan Optoelectronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sanan Optoelectronics Co's Days Inventory for the three months ended in Mar. 2024 was 162.00.

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. Sanan Optoelectronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.51.

Sanan Optoelectronics Co Inventory Turnover Historical Data

The historical data trend for Sanan Optoelectronics 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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Sanan Optoelectronics Co Inventory Turnover Chart

Sanan Optoelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.81

1.75

2.23

2.08

2.27

Sanan Optoelectronics 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															0.41	0.55	0.61	0.67	0.56

Sanan Optoelectronics Co Inventory Turnover Calculation

Sanan Optoelectronics 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 )
=	12596.998	/ (	(5807.087	+	5309.927)	/	2 )
=	12596.998	/	5558.507
=	2.27

Sanan Optoelectronics 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 )
=	3028.974	/ (	(5309.927	+	5444.976)	/	2 )
=	3028.974	/	5377.4515
=	0.56

Sanan Optoelectronics Co (SHSE:600703) 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.

Sanan Optoelectronics 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
	=	5377.4515	/	3028.974	*	365 / 4
	=	162.00

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.

Sanan Optoelectronics 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 )
	=	5377.4515	/	3557.053
	=	1.51

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.

Sanan Optoelectronics Co Inventory Turnover Related Terms

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Sanan Optoelectronics Co (SHSE:600703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanan Optoelectronics Co Ltd (SHSE:600703) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No.131, Dongfang Avenue, Jingzhou Development Zone, Hubei Province, Jingzhou, CHN, 361009

Website

http://www.sanan-e.com

Sanan Optoelectronics Co Ltd is a China-based full-color ultra-high brightness LED epitaxial and chip manufacturer. It is engaged in the development, production, and sales of full-color and high brightness LED epitaxial wafers, chips, compound solar cells and high-powered condenser photovoltaic products. The products offered by the company are a sapphire substrate, an integrated circuit, solar battery, LED chip, optical communication chip and others.

Executives

Xu Chen Ke	senior management
Cai Wen Bi	senior management
Zhang Jia Hong	senior management
Zhang Zhong Ying	senior management
Li Xue Tan	senior management
Lin Hai	senior management
Huang Zhi Jun	senior management
Wei Da Man	Directors, senior managers
Fang Chong Pin	Supervisors
Lin Ke Chuang	Director
Han Hong Zhu	Director
Wang Qing	senior management
Guo Zhi Gang	senior management
Yi Sheng Ze	senior management

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