Shaanxi Fenghuo Electronics Co (SZSE:000561) Inventory Turnover : 0.12 (As of Mar. 2024)

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What is Shaanxi Fenghuo Electronics 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. Shaanxi Fenghuo Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥103 Mil. Shaanxi Fenghuo Electronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥852 Mil. Shaanxi Fenghuo Electronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shaanxi Fenghuo Electronics Co's Days Inventory for the three months ended in Mar. 2024 was 754.60.

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. Shaanxi Fenghuo Electronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 6.13.

Shaanxi Fenghuo Electronics Co Inventory Turnover Historical Data

The historical data trend for Shaanxi Fenghuo Electronics 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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Shaanxi Fenghuo Electronics Co Inventory Turnover Chart

Shaanxi Fenghuo Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.40

1.43

1.19

1.11

1.10

Shaanxi Fenghuo Electronics 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															0.16	0.19	0.16	0.52	0.12

Shaanxi Fenghuo Electronics Co Inventory Turnover Calculation

Shaanxi Fenghuo Electronics 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 )
=	944.237	/ (	(883.679	+	826.667)	/	2 )
=	944.237	/	855.173
=	1.10

Shaanxi Fenghuo Electronics 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 )
=	102.989	/ (	(826.667	+	876.679)	/	2 )
=	102.989	/	851.673
=	0.12

Shaanxi Fenghuo Electronics Co (SZSE:000561) 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.

Shaanxi Fenghuo Electronics 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
	=	851.673	/	102.989	*	365 / 4
	=	754.60

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.

Shaanxi Fenghuo Electronics 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 )
	=	851.673	/	138.967
	=	6.13

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.

Shaanxi Fenghuo Electronics Co Inventory Turnover Related Terms

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Shaanxi Fenghuo Electronics Co (SZSE:000561) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shaanxi Fenghuo Electronics Co Ltd (SZSE:000561) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 75 Qingjiang Road, Shaanxi Province, Baoji, CHN, 721006

Website

http://www.fenghuo.cn

Shaanxi Fenghuo Electronics Co Ltd is mainly engaged in the production, distribution and installation of electronic products and radio communication equipment. The company is also involved in the construction of related information systems in China.

Executives

Li Pei Feng	Directors, executives
Li Peng	Executives
Zhao Lan Ping	Directors, executives
Xie Xie	Executives
Tang Da Kai	Director
Song Tao	Director
Sang Zhi Ming	Executives
Zhang Guang Xu	Directors, executives
Yang Ting Ting	Securities Affairs Representative
Dang Huai Bin	Supervisors
Tan Yue Cheng	Director
Wang Zhi Jie	Executives
Li Rong Jia	Director
Bai Hai Jun	Supervisors
Zhang Li Jun	Supervisors

Shaanxi Fenghuo Electronics Co (SZSE:000561) Headlines

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