PNC Process Systems Co (SHSE:603690) Inventory Turnover : 0.19 (As of Mar. 2024)

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What is PNC Process Systems 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. PNC Process Systems Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥537 Mil. PNC Process Systems Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,813 Mil. PNC Process Systems Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PNC Process Systems Co's Days Inventory for the three months ended in Mar. 2024 was 477.97.

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. PNC Process Systems Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.47.

PNC Process Systems Co Inventory Turnover Historical Data

The historical data trend for PNC Process Systems 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.

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PNC Process Systems Co Inventory Turnover Chart

PNC Process Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.24

1.35

1.37

0.96

PNC Process Systems Co 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															0.27	0.20	0.18	0.24	0.19

PNC Process Systems Co Inventory Turnover Calculation

PNC Process Systems 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 )
=	2085.608	/ (	(1704.929	+	2650.359)	/	2 )
=	2085.608	/	2177.644
=	0.96

PNC Process Systems Co'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 )
=	536.955	/ (	(2650.359	+	2974.818)	/	2 )
=	536.955	/	2812.5885
=	0.19

PNC Process Systems Co (SHSE:603690) 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.

PNC Process Systems Co'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
	=	2812.5885	/	536.955	*	365 / 4
	=	477.97

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.

PNC Process Systems Co'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 )
	=	2812.5885	/	811.384
	=	3.47

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.

PNC Process Systems Co Inventory Turnover Related Terms

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PNC Process Systems Co (SHSE:603690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PNC Process Systems Co Ltd (SHSE:603690) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 170, Zihai Road, Minhang District, Shanghai, CHN, 200241

Website

http://www.pnc-systems.com

PNC Process Systems Co Ltd offers process system solutions for advanced manufacturing enterprises. The solutions cover the design, selection, manufacturing, installation, testing, commissioning, and system hosting services of the entire system. Its product portfolio covers gas delivery system solution, chemical delivery system solutions, process machine secondary, GMS detection control management system, and digital production system, among others. It also offers gasification equipment, wet process machine, ultra-clean electronic materials, media special inspection service, laboratory service, and biopharmaceutical systems and equipment. The systems and services are used in semiconductor, microelectronics, biomedical, photovoltaic, fiber optic, TFT-LCD, LED and other fields.

Executives

Lu Lei	senior management
Jiang Yuan	Directors, senior managers
Shen Yi Lin	senior management
Zhao Hao	Director
Chai Xin Ming	senior management
Wu Hai Hua	Director
Yuan Meng Qi	senior management

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