Shenzhen Aisidi Co (SZSE:002416) Inventory Turnover : 5.27 (As of Mar. 2024)

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What is Shenzhen Aisidi 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. Shenzhen Aisidi Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥20,855 Mil. Shenzhen Aisidi Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,956 Mil. Shenzhen Aisidi Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Aisidi Co's Days Inventory for the three months ended in Mar. 2024 was 17.31.

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. Shenzhen Aisidi Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

Shenzhen Aisidi Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Aisidi 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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Shenzhen Aisidi Co Inventory Turnover Chart

Shenzhen Aisidi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.12

27.03

25.98

18.84

22.31

Shenzhen Aisidi 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															5.74	6.13	8.42	7.51	5.27

Shenzhen Aisidi Co Inventory Turnover Calculation

Shenzhen Aisidi 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 )
=	89168.326	/ (	(4528.783	+	3466.15)	/	2 )
=	89168.326	/	3997.4665
=	22.31

Shenzhen Aisidi 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 )
=	20854.681	/ (	(3466.15	+	4445.317)	/	2 )
=	20854.681	/	3955.7335
=	5.27

Shenzhen Aisidi Co (SZSE:002416) 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.

Shenzhen Aisidi 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
	=	3955.7335	/	20854.681	*	365 / 4
	=	17.31

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.

Shenzhen Aisidi 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 )
	=	3955.7335	/	21653.865
	=	0.18

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.

Shenzhen Aisidi Co Inventory Turnover Related Terms

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Shenzhen Aisidi Co (SZSE:002416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shenzhen Aisidi Co Ltd (SZSE:002416) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinsong Building East Terra 20th Floor, Terra Avenue Futian District, Shenzhen, CHN, 518040

Website

http://www.aisidi.com

Shenzhen Aisidi Co Ltd is a China-based company. It engages in the distribution and retail of mobile phones and digital electronic products. The company has four business segments of intelligent terminal products, communication services, financial services and e-commerce platforms. Its products include mobile communication terminal products, digital electronic consumer products, communication services, mobile internet, and finance.

Executives

Huang Wen Hui	Director
Liu Hong Hua	Executives
Mi Ze Dong	Directors, executives
Yang Zhi	Executives
Chen Liang	Executives
Zhou You Meng	Directors, executives
Huang Shao Wu	Director
Xia Xiao Hua	Director
Liu Hao	Executives
Chen Bei	Directors, executives
Zhang Peng	Supervisors
Guo Xu Yong	Director

Shenzhen Aisidi Co (SZSE:002416) Headlines

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