Suzhou Novosense Microelectronics Co (SHSE:688052) Inventory Turnover : 0.31 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Suzhou Novosense Microelectronics 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. Suzhou Novosense Microelectronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥247 Mil. Suzhou Novosense Microelectronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥803 Mil. Suzhou Novosense Microelectronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Novosense Microelectronics Co's Days Inventory for the three months ended in Mar. 2024 was 297.32.

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. Suzhou Novosense Microelectronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.22.

Suzhou Novosense Microelectronics Co Inventory Turnover Historical Data

The historical data trend for Suzhou Novosense Microelectronics 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.

Suzhou Novosense Microelectronics Co Inventory Turnover Chart

Suzhou Novosense Microelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.96

2.14

2.60

2.01

1.12

Suzhou Novosense Microelectronics Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												0.40	0.21	0.20	0.25	0.31

Suzhou Novosense Microelectronics Co Inventory Turnover Calculation

Suzhou Novosense Microelectronics 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 )
=	805.064	/ (	(605.472	+	827.793)	/	2 )
=	805.064	/	716.6325
=	1.12

Suzhou Novosense Microelectronics 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 )
=	246.506	/ (	(827.793	+	778.589)	/	2 )
=	246.506	/	803.191
=	0.31

Suzhou Novosense Microelectronics Co (SHSE:688052) 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.

Suzhou Novosense Microelectronics 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
	=	803.191	/	246.506	*	365 / 4
	=	297.32

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.

Suzhou Novosense Microelectronics 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 )
	=	803.191	/	362.482
	=	2.22

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.

Suzhou Novosense Microelectronics Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Suzhou Novosense Microelectronics Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Suzhou Novosense Microelectronics Co (SHSE:688052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Novosense Microelectronics Co Ltd (SHSE:688052) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Jinji Lake Avenue, C1-501, Artificial Intelligence Industrial Park, Industrial Park, Jiangsu Province, Suzhou, CHN, 215000

Website

https://www.novosns.com

Suzhou Novosense Microelectronics Co Ltd is focused on the research and development and sales of high-performance, high-reliability analog integrated circuits.

Suzhou Novosense Microelectronics Co (SHSE:688052) Headlines

No Headlines