Fibocom Wireless (SZSE:300638) Inventory Turnover : 1.40 (As of Mar. 2024)

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What is Fibocom Wireless 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. Fibocom Wireless's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,666 Mil. Fibocom Wireless's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,188 Mil. Fibocom Wireless's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fibocom Wireless's Days Inventory for the three months ended in Mar. 2024 was 65.06.

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. Fibocom Wireless's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Fibocom Wireless Inventory Turnover Historical Data

The historical data trend for Fibocom Wireless'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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Fibocom Wireless Inventory Turnover Chart

Fibocom Wireless Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.97

5.69

4.72

4.74

4.98

Fibocom Wireless 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															1.25	1.39	1.46	1.14	1.40

Fibocom Wireless Inventory Turnover Calculation

Fibocom Wireless'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 )
=	5930.406	/ (	(1096.605	+	1285.629)	/	2 )
=	5930.406	/	1191.117
=	4.98

Fibocom Wireless'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 )
=	1666.154	/ (	(1285.629	+	1090.229)	/	2 )
=	1666.154	/	1187.929
=	1.40

Fibocom Wireless (SZSE:300638) 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.

Fibocom Wireless'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
	=	1187.929	/	1666.154	*	365 / 4
	=	65.06

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.

Fibocom Wireless'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 )
	=	1187.929	/	2122.952
	=	0.56

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.

Fibocom Wireless Inventory Turnover Related Terms

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Fibocom Wireless (SZSE:300638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fibocom Wireless Inc (SZSE:300638) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1057 Nanhai Avenue, No. 501A, 5th Floor, Building A, Phase II, Shekou Science and Technology Building, Nanshan District, Guangdong, Shenzhen, CHN, 518067

Website

http://www.fibocom.com.cn

Fibocom Wireless Inc is a Chinese wireless communication module and solutions provider. It is focused on the development of the Internet of Things (IoT) and consumer electronics. The company brand products cover LTE, NB-IoT/eMTC, HSPA, GSM/GPRS wireless communication modules and solutions. Through IoT, the company offers solutions such as wireless payment, car networking, security monitoring, mobile internet, and smart grid.

Executives

Ying Ling Peng	Directors, executives
Zhang Tian Yu	Director
Xu Ning	Directors, executives
Deng Zhong Zhong	Executives
Chen Shi Jiang	Directors, executives

Fibocom Wireless (SZSE:300638) Headlines

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