XDC Industries (Shenzhen) (SZSE:300615) Inventory Turnover : 0.39 (As of Mar. 2024)

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What is XDC Industries (Shenzhen) 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. XDC Industries (Shenzhen)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ¥32.7 Mil. XDC Industries (Shenzhen)'s Average Total Inventories for the quarter that ended in Mar. 2024 was ¥84.0 Mil. XDC Industries (Shenzhen)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. XDC Industries (Shenzhen)'s Days Inventory for the three months ended in Mar. 2024 was 234.38.

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. XDC Industries (Shenzhen)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.10.

XDC Industries (Shenzhen) Inventory Turnover Historical Data

The historical data trend for XDC Industries (Shenzhen)'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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XDC Industries (Shenzhen) Inventory Turnover Chart

XDC Industries (Shenzhen) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.10

3.96

4.04

4.28

4.41

XDC Industries (Shenzhen) 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															1.33	1.63	0.90	0.51	0.39

XDC Industries (Shenzhen) Inventory Turnover Calculation

XDC Industries (Shenzhen)'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 )
=	437.328	/ (	(115.604	+	82.829)	/	2 )
=	437.328	/	99.2165
=	4.41

XDC Industries (Shenzhen)'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 )
=	32.692	/ (	(82.829	+	85.114)	/	2 )
=	32.692	/	83.9715
=	0.39

XDC Industries (Shenzhen) (SZSE:300615) 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.

XDC Industries (Shenzhen)'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
	=	83.9715	/	32.692	*	365 / 4
	=	234.38

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.

XDC Industries (Shenzhen)'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 )
	=	83.9715	/	40.06
	=	2.10

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.

XDC Industries (Shenzhen) Inventory Turnover Related Terms

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XDC Industries (Shenzhen) (SZSE:300615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » XDC Industries (Shenzhen) Ltd (SZSE:300615) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.05, Chaguang Road, 17th Floor, Vanke Yunchuang, Building B, Bodun Science and Technology Park, Nanshan District, Guangdong, Shenzhen, CHN, 518055

Website

http://www.xdc-industries.com

XDC Industries (Shenzhen) Ltd researches, develops, manufactures, and sells radio frequency metal components for mobile communication industry in China. The firm offers radio frequency, optical electronic, and light communication components, other precise parts and RF structures.

Executives

Liu Hui	Director
Wang Zhang Hua	Directors, executives
Sun Hai Long	Directors, executives
Xue Feng	Director
Shi Wei Ping	Director
Qin Jie	Executives
Lin Yan Jin	Directors, executives

XDC Industries (Shenzhen) (SZSE:300615) Headlines

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