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iMotion Automotive Technology (Suzhou) Co (HKSE:01274) Inventory Turnover : 2.84 (As of Dec. 2023)


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What is iMotion Automotive Technology (Suzhou) 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. iMotion Automotive Technology (Suzhou) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$649 Mil. iMotion Automotive Technology (Suzhou) Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$229 Mil. iMotion Automotive Technology (Suzhou) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. iMotion Automotive Technology (Suzhou) Co's Days Inventory for the six months ended in Dec. 2023 was 64.32.

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. iMotion Automotive Technology (Suzhou) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

iMotion Automotive Technology (Suzhou) Co Inventory Turnover Historical Data

The historical data trend for iMotion Automotive Technology (Suzhou) 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.

* Premium members only.

iMotion Automotive Technology (Suzhou) Co Inventory Turnover Chart

iMotion Automotive Technology (Suzhou) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
4.01 5.04 7.51 4.10

iMotion Automotive Technology (Suzhou) Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial - 6.84 3.23 2.28 2.84

iMotion Automotive Technology (Suzhou) Co Inventory Turnover Calculation

iMotion Automotive Technology (Suzhou) 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 )
=1198.053 / ((303.717 + 280.026) / 2 )
=1198.053 / 291.8715
=4.10

iMotion Automotive Technology (Suzhou) Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=648.787 / ((177.281 + 280.026) / 2 )
=648.787 / 228.6535
=2.84

* 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.

iMotion Automotive Technology (Suzhou) Co  (HKSE:01274) 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.

iMotion Automotive Technology (Suzhou) Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=228.6535/648.787*365 / 2
=64.32

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.

iMotion Automotive Technology (Suzhou) Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=228.6535 / 736.195
=0.31

* 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.

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.

iMotion Automotive Technology (Suzhou) Co Inventory Turnover Related Terms

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iMotion Automotive Technology (Suzhou) Co (HKSE:01274) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » iMotion Automotive Technology (Suzhou) Co Ltd (HKSE:01274) » Definitions » Inventory Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
19/F and 20/F Building G2, 88 Jinji Lake Avenue, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN
Website
https://www.imotion.ai
iMotion Automotive Technology (Suzhou) Co Ltd is an autonomous driving solution provider in China with a focus on AD domain controllers. It offers a wide range of autonomous driving solutions and products and also provide OEMs with various AD domain control units. It has commercialized two AD domain controller product lines which support level 2 to level 2+ autonomous driving functions, covering a wide price range of passenger vehicles and all types of driving scenarios, including highways, ring roads, complex urban roads, country roads, and parking areas. In addition to SuperVisionTM, it also provide self-designed and self-developed iDC series which includes iDC Mid and iDC High.
Executives
China Construction Bank Corporation 2201 Interest of corporation controlled by you
Vistra Trust (singapore) Pte. Limited 2301 Trustee
Li Xiang 2501 Other
Li Auto Inc. 2201 Interest of corporation controlled by you
Leading Ideal Hk Limited 2201 Interest of corporation controlled by you
Cyric Point Enterprises Limited 2201 Interest of corporation controlled by you
Bei Jing Luo Ke Wei Er Si Ke Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Bei Jing Che He Jia Xin Xi Ji Shu You Xian Gong Si 2101 Beneficial owner
Amp Lee Ltd. 2201 Interest of corporation controlled by you
Jian Yin Ke Chuang Su Zhou Tou Dai Lian Dong Gu Quan Tou Zi Ji Jin You Xian He Huo 2101 Beneficial owner
Jian Yin Guo Ji Zi Ben Guan Li Tian Jin You Xian Gong Si 2201 Interest of corporation controlled by you
Jian Yin Guo Ji Zhong Guo You Xian Gong Si 2201 Interest of corporation controlled by you
Tian Jin Jian Yin Guo Ji Jin He Gu Quan Tou Zi Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Song Yang 2101 Beneficial owner
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you

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