Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Inventory Turnover : 1.48 (As of Mar. 2024)

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What is Universal Scientific Industrial (Shanghai) 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. Universal Scientific Industrial (Shanghai) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥12,204 Mil. Universal Scientific Industrial (Shanghai) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥8,265 Mil. Universal Scientific Industrial (Shanghai) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Universal Scientific Industrial (Shanghai) Co's Days Inventory for the three months ended in Mar. 2024 was 61.80.

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. Universal Scientific Industrial (Shanghai) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.61.

Universal Scientific Industrial (Shanghai) Co Inventory Turnover Historical Data

The historical data trend for Universal Scientific Industrial (Shanghai) 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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Universal Scientific Industrial (Shanghai) Co Inventory Turnover Chart

Universal Scientific Industrial (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.40

7.74

6.33

6.15

5.72

Universal Scientific Industrial (Shanghai) 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															1.13	1.28	1.47	1.74	1.48

Universal Scientific Industrial (Shanghai) Co Inventory Turnover Calculation

Universal Scientific Industrial (Shanghai) 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 )
=	54939.137	/ (	(10909.894	+	8311.911)	/	2 )
=	54939.137	/	9610.9025
=	5.72

Universal Scientific Industrial (Shanghai) 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 )
=	12203.894	/ (	(8311.911	+	8218.618)	/	2 )
=	12203.894	/	8265.2645
=	1.48

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) 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.

Universal Scientific Industrial (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
	=	8265.2645	/	12203.894	*	365 / 4
	=	61.80

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.

Universal Scientific Industrial (Shanghai) 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 )
	=	8265.2645	/	13491.929
	=	0.61

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.

Universal Scientific Industrial (Shanghai) Co Inventory Turnover Related Terms

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Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Scientific Industrial (Shanghai) Co Ltd (SHSE:601231) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1558, Zhangdong Road, Zhangjiang Hi-Tech Park, Integrated Circuit Industrial Zone, Shanghai, CHN, 201203

Website

http://www.usish.com

Universal Scientific Industrial (Shanghai) Co Ltd provides design, miniaturization, material sourcing, manufacturing, logistics, and after services of electronic devices and modules for brand owners. It mainly focuses on manufacturing electronic parts including wireless communications products, flat LCD display components, and storage products. The company's sales service network exists in North America, Europe, Japan, China, Taiwan, and manufacturing sites in China, Taiwan, Korea and Mexico.

Executives

Shi Jin Peng	senior management
Wei Zhen Yan	Directors, senior managers
Liu Dan Yang	senior management
Chen Feng Da	senior management
Lin Da Yi	senior management
Chen Chang Yi	Directors, senior managers
You Jia Xiong	senior management
Lin Yue Ming	senior management

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Headlines

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