China Resources Microelectronics (SHSE:688396) Inventory Turnover : 0.78 (As of Mar. 2024)

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What is China Resources Microelectronics 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. China Resources Microelectronics's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,556 Mil. China Resources Microelectronics's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,996 Mil. China Resources Microelectronics's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Resources Microelectronics's Days Inventory for the three months ended in Mar. 2024 was 117.09.

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. China Resources Microelectronics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

China Resources Microelectronics Inventory Turnover Historical Data

The historical data trend for China Resources Microelectronics'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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China Resources Microelectronics Inventory Turnover Chart

China Resources Microelectronics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.96

4.36

4.25

3.72

3.49

China Resources Microelectronics 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															0.78	0.89	0.84	0.83	0.78

China Resources Microelectronics Inventory Turnover Calculation

China Resources Microelectronics'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 )
=	6710.216	/ (	(1876.499	+	1965.743)	/	2 )
=	6710.216	/	1921.121
=	3.49

China Resources Microelectronics'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 )
=	1555.677	/ (	(1965.743	+	2026.713)	/	2 )
=	1555.677	/	1996.228
=	0.78

China Resources Microelectronics (SHSE:688396) 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.

China Resources Microelectronics'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
	=	1996.228	/	1555.677	*	365 / 4
	=	117.09

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.

China Resources Microelectronics'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 )
	=	1996.228	/	2115.859
	=	0.94

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.

China Resources Microelectronics Inventory Turnover Related Terms

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China Resources Microelectronics (SHSE:688396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Resources Microelectronics Ltd (SHSE:688396) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14, Liangxi Road, Jiangsu Province, Wuxi, CHN, 214061

Website

https://www.crmicro.com

China Resources Microelectronics Ltd is engaged in the design, production, and sales of power semiconductors, smart sensors, and smart control products, as well as provides manufacturing services such as open wafer manufacturing, packaging, and testing. The company's product portfolio includes power components, MOSFET, IGBT, BJT and DIODES, Power IC, Power modules, Smart sensors, and intelligent controls.

Executives

Zhang Sen	Core technical personnel
You Yong	Core technical personnel
Wu Quan Qing	Core technical personnel
Luo Xian Cai	Core technical personnel
Ding Dong Min	Core technical personnel
Duan Jun	senior management
Li Hong	Directors, senior managers, core technical personn
Wu Jian Zhong	Core technical personnel
Xia Zhang Feng	Core technical personnel
Ma Wei Qing	Senior management, core technical personnel
Zhuang Heng Qian	senior management
Chun Yu Jiang Min	Core technical personnel
Wu Guo Yi	Directors, senior managers
Zheng Chen Yan	Core technical personnel
Li Ge	senior management

China Resources Microelectronics (SHSE:688396) Headlines

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