Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Inventory Turnover : 0.20 (As of Mar. 2024)

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What is Smarter Microelectronics (Guangzhou) 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. Smarter Microelectronics (Guangzhou) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥96.4 Mil. Smarter Microelectronics (Guangzhou) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥475.0 Mil. Smarter Microelectronics (Guangzhou) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smarter Microelectronics (Guangzhou) Co's Days Inventory for the three months ended in Mar. 2024 was 449.53.

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. Smarter Microelectronics (Guangzhou) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.53.

Smarter Microelectronics (Guangzhou) Co Inventory Turnover Historical Data

The historical data trend for Smarter Microelectronics (Guangzhou) 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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Smarter Microelectronics (Guangzhou) Co Inventory Turnover Chart

Smarter Microelectronics (Guangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.17

3.71

0.71

1.03

Smarter Microelectronics (Guangzhou) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial								0.18	0.22	0.27	0.30	0.20

Smarter Microelectronics (Guangzhou) Co Inventory Turnover Calculation

Smarter Microelectronics (Guangzhou) 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 )
=	485.974	/ (	(489.643	+	451.526)	/	2 )
=	485.974	/	470.5845
=	1.03

Smarter Microelectronics (Guangzhou) 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 )
=	96.417	/ (	(451.526	+	498.441)	/	2 )
=	96.417	/	474.9835
=	0.20

Smarter Microelectronics (Guangzhou) Co (SHSE:688512) 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.

Smarter Microelectronics (Guangzhou) 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
	=	474.9835	/	96.417	*	365 / 4
	=	449.53

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.

Smarter Microelectronics (Guangzhou) 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 )
	=	474.9835	/	104.771
	=	4.53

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.

Smarter Microelectronics (Guangzhou) Co Inventory Turnover Related Terms

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Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Smarter Microelectronics (Guangzhou) Co Ltd (SHSE:688512) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 182, Science Avenue, Unit 307, 3rd Floor, C2, Innovation Building, High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.smartermicro.com

Smarter Microelectronics (Guangzhou) Co Ltd is engaged in the research and development, design and sales of RF front-end chips and modules.

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