Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) Inventory Turnover : 0.37 (As of Mar. 2024)

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What is Anji Microelectronics Technology (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. Anji Microelectronics Technology (Shanghai) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥157 Mil. Anji Microelectronics Technology (Shanghai) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥428 Mil. Anji Microelectronics Technology (Shanghai) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anji Microelectronics Technology (Shanghai) Co's Days Inventory for the three months ended in Mar. 2024 was 248.42.

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. Anji Microelectronics Technology (Shanghai) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.13.

Anji Microelectronics Technology (Shanghai) Co Inventory Turnover Historical Data

The historical data trend for Anji Microelectronics Technology (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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Anji Microelectronics Technology (Shanghai) Co Inventory Turnover Chart

Anji Microelectronics Technology (Shanghai) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.94

2.23

2.01

1.65

1.38

Anji Microelectronics Technology (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															0.30	0.34	0.33	0.36	0.37

Anji Microelectronics Technology (Shanghai) Co Inventory Turnover Calculation

Anji Microelectronics Technology (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 )
=	546.957	/ (	(365.899	+	427.211)	/	2 )
=	546.957	/	396.555
=	1.38

Anji Microelectronics Technology (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 )
=	157.237	/ (	(427.211	+	428.924)	/	2 )
=	157.237	/	428.0675
=	0.37

Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) 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.

Anji Microelectronics Technology (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
	=	428.0675	/	157.237	*	365 / 4
	=	248.42

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.

Anji Microelectronics Technology (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 )
	=	428.0675	/	378.451
	=	1.13

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.

Anji Microelectronics Technology (Shanghai) Co Inventory Turnover Related Terms

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Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Anji Microelectronics Technology (Shanghai) Co Ltd (SHSE:688019) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 5001 Huadong Road, Bottom floor of T6-9 Building, Jinqiao Export Processing Zone (South District), Pudong New Area, Shanghai, CHN, 201201

Website

http://www.anjimicro.com

Anji Microelectronics Technology (Shanghai) Co Ltd is primarily involved in the research and development and industrialization of key semiconductor materials.

Executives

	Directors, senior managers
	Core technical personnel
Peng Hong Xiu	Core technical personnel
Yang Xun	senior management
Jing Jian Fen	Core technical personnel
Wang Xu Cheng	Core technical personnel
	Senior management, core technical personnel

Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) Headlines

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