Shanghai Zhongchen Electronic Technology Co (SHSE:603275) Inventory Turnover : 0.51 (As of Mar. 2024)

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What is Shanghai Zhongchen Electronic Technology 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. Shanghai Zhongchen Electronic Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥83.1 Mil. Shanghai Zhongchen Electronic Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥162.1 Mil. Shanghai Zhongchen Electronic Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Zhongchen Electronic Technology Co's Days Inventory for the three months ended in Mar. 2024 was 177.99.

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. Shanghai Zhongchen Electronic Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.12.

Shanghai Zhongchen Electronic Technology Co Inventory Turnover Historical Data

The historical data trend for Shanghai Zhongchen Electronic Technology 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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Shanghai Zhongchen Electronic Technology Co Inventory Turnover Chart

Shanghai Zhongchen Electronic Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.50

2.84

2.10

1.79

2.23

Shanghai Zhongchen Electronic Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							0.51	0.64	0.59	0.52	0.51

Shanghai Zhongchen Electronic Technology Co Inventory Turnover Calculation

Shanghai Zhongchen Electronic Technology 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 )
=	353.692	/ (	(156.518	+	160.665)	/	2 )
=	353.692	/	158.5915
=	2.23

Shanghai Zhongchen Electronic Technology 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 )
=	83.111	/ (	(160.665	+	163.565)	/	2 )
=	83.111	/	162.115
=	0.51

Shanghai Zhongchen Electronic Technology Co (SHSE:603275) 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.

Shanghai Zhongchen Electronic Technology 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
	=	162.115	/	83.111	*	365 / 4
	=	177.99

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.

Shanghai Zhongchen Electronic Technology 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 )
	=	162.115	/	145.106
	=	1.12

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.

Shanghai Zhongchen Electronic Technology Co Inventory Turnover Related Terms

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Shanghai Zhongchen Electronic Technology Co (SHSE:603275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Zhongchen Electronic Technology Co Ltd (SHSE:603275) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 3768 Yexin Road, Maogang Town, Songjiang, Shanghai, CHN, 201607

Website

http://www.zoncn.cn

Shanghai Zhongchen Electronic Technology Co Ltd is a high-tech enterprise focusing on the research and development, production, sales and service of electric transmission and industrial automation products. The company's main products are variable frequency drives, servo drive systems and electric new energy vehicle drives. The company has a wide range of products, among which medium and low-voltage variable frequency drives are divided into two categories: general-purpose products and industry-specific products.

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