Sai Micro Electronics (SZSE:300456) Inventory Turnover : 0.37 (As of Mar. 2024)

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What is Sai Micro Electronics 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. Sai Micro Electronics's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥181 Mil. Sai Micro Electronics's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥487 Mil. Sai Micro Electronics's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sai Micro Electronics's Days Inventory for the three months ended in Mar. 2024 was 245.86.

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. Sai Micro Electronics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.80.

Sai Micro Electronics Inventory Turnover Historical Data

The historical data trend for Sai Micro Electronics'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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Sai Micro Electronics Inventory Turnover Chart

Sai Micro Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.90

1.75

2.70

2.48

Sai Micro Electronics 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															0.45	0.53	1.28	0.69	0.37

Sai Micro Electronics Inventory Turnover Calculation

Sai Micro Electronics'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 )
=	919.974	/ (	(260.748	+	481.439)	/	2 )
=	919.974	/	371.0935
=	2.48

Sai Micro Electronics'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 )
=	180.592	/ (	(481.439	+	491.715)	/	2 )
=	180.592	/	486.577
=	0.37

Sai Micro Electronics (SZSE:300456) 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.

Sai Micro Electronics'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
	=	486.577	/	180.592	*	365 / 4
	=	245.86

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.

Sai Micro Electronics'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 )
	=	486.577	/	270.051
	=	1.80

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.

Sai Micro Electronics Inventory Turnover Related Terms

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Sai Micro Electronics (SZSE:300456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sai Micro Electronics Inc (SZSE:300456) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Yumin Road, Room 2607, Block A, North Ring Center, Xicheng District, Beijing, CHN, 100029

Website

http://www.navgnss.com

Sai Micro Electronics Inc and its subsidiaries include MEMSChip process development and wafer manufacturing, It is also into research and development production of GaNExtension materials and chip design.

Executives

Zhou Jia Yu	Executives
Cai Meng	Executives
Yang Yun Chun	Directors, executives
Zhang A Bin	Directors, Directors, and Executives
Liu Jie	Executives
Zhang Yun Peng	Directors, executives
Liu Bo	Securities Affairs Representative
Bai Shao Wu	Executives
Zheng Yun Xia	Supervisors
Ding Xin Chun	Directors, executives

Sai Micro Electronics (SZSE:300456) Headlines

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