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. Shang Gong Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was $175.1 Mil. Shang Gong Group Co's Revenue for the
three
months ended in Mar. 2024 was $151.1 Mil.
Shang Gong Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.16.
Shang Gong Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
increased
from Dec. 2023 (1.11) to Dec. 2023 (1.16)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Shang Gong Group Co's Days Inventory for the
three
months ended in Mar. 2024 was 132.63.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Shang Gong Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.69.
Shang Gong Group Co Inventory-to-Revenue Historical Data
The historical data trend for Shang Gong Group Co's Inventory-to-Revenue 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.
Competitive Comparison of Shang Gong Group Co's Inventory-to-Revenue
For the Specialty Industrial Machinery subindustry, Shang Gong Group Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Shang Gong Group Co's Inventory-to-Revenue Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shang Gong Group Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Shang Gong Group Co's Inventory-to-Revenue falls into.
Shang Gong Group Co Inventory-to-Revenue Calculation
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.
Shang Gong Group Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Shang Gong Group Co (SHSE:900924) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Shang Gong Group Co's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Shang Gong Group Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Shang Gong Group Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Shang Gong Group Co (SHSE:900924) Business Description
Shang Gong Group Co Ltd is engaged in research & development, production, sale, and maintenance of sewing machines and spare parts in China. It is also engaged in the production of auto parts, office equipment, and related trading businesses. The company provides high-end sewing products for famous automakers like Mercedes-Benz, BMW, Audi, and General Motors; in aerospace and new material fields also have large customers including Boeing, Airbus, and COMAC. It owns manufacturing enterprises in China, Germany, the Czech Republic, and Romania, and its sales network has spread across the world. Its household sewing machine brands - Butterfly, Flyman, and Bee are widely known in China and sold to overseas markets.
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