Suzhou Anjie Technology Co (SZSE:002635) Inventory Turnover : 1.70 (As of Mar. 2024)

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What is Suzhou Anjie Technology 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. Suzhou Anjie Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥876 Mil. Suzhou Anjie Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥517 Mil. Suzhou Anjie Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Anjie Technology Co's Days Inventory for the three months ended in Mar. 2024 was 53.83.

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. Suzhou Anjie Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Suzhou Anjie Technology Co Inventory Turnover Historical Data

The historical data trend for Suzhou Anjie Technology 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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Suzhou Anjie Technology Co Inventory Turnover Chart

Suzhou Anjie Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.60

5.21

5.57

4.93

6.38

Suzhou Anjie Technology 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															1.20	1.41	1.57	2.09	1.70

Suzhou Anjie Technology Co Inventory Turnover Calculation

Suzhou Anjie Technology 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 )
=	3400.049	/ (	(588.74	+	477.907)	/	2 )
=	3400.049	/	533.3235
=	6.38

Suzhou Anjie Technology 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 )
=	875.711	/ (	(477.907	+	555.354)	/	2 )
=	875.711	/	516.6305
=	1.70

Suzhou Anjie Technology Co (SZSE:002635) 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.

Suzhou Anjie Technology 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
	=	516.6305	/	875.711	*	365 / 4
	=	53.83

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.

Suzhou Anjie Technology 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 )
	=	516.6305	/	1163.055
	=	0.44

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.

Suzhou Anjie Technology Co Inventory Turnover Related Terms

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Suzhou Anjie Technology Co (SZSE:002635) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Anjie Technology Co Ltd (SZSE:002635) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Fujin Road, Guangfu Town, Wuzhong district, Jiangsu province, Suzhou, CHN, 215159

Website

http://www.anjiesz.com

Suzhou Anjie Technology Co Ltd is a China-based supplier of internal and external functional components for the consumer electronics industry. It contributes to providing the production and an overall solution for smartphones, tablets, laptops, AR/VR and smart home applications. The product portfolio of the company covers tapes, insulation, buffering, shading tapes, thermal products, conductive products, optical film, touch panel, cover glass, precision metal parts, and others.

Executives

Wang Chun Sheng	Director
Lin Lei	Directors, executives
Gu Jing	Supervisors
Jia Zhi Jiang	Directors, executives
Ma Yu Yan	Secretary, Director
Gu Qi Feng	Director
Bian Xiu Hua	Supervisors
Lv Li	Directors, executives
Jiang Rui Xiang	Executives
Xu Qiang	Supervisors
Zhang Mu Xiu	Supervisors

Suzhou Anjie Technology Co (SZSE:002635) Headlines

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