Uni-Trend Technology (China) Co (SHSE:688628) Inventory Turnover : 0.54 (As of Mar. 2024)

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What is Uni-Trend Technology (China) 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. Uni-Trend Technology (China) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥158 Mil. Uni-Trend Technology (China) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥295 Mil. Uni-Trend Technology (China) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Uni-Trend Technology (China) Co's Days Inventory for the three months ended in Mar. 2024 was 170.40.

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. Uni-Trend Technology (China) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.04.

Uni-Trend Technology (China) Co Inventory Turnover Historical Data

The historical data trend for Uni-Trend Technology (China) 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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Uni-Trend Technology (China) Co Inventory Turnover Chart

Uni-Trend Technology (China) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.31

3.88

2.31

2.06

2.18

Uni-Trend Technology (China) Co Quarterly Data
	Dec18	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															0.56	0.67	0.47	0.44	0.54

Uni-Trend Technology (China) Co Inventory Turnover Calculation

Uni-Trend Technology (China) 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 )
=	578.271	/ (	(238.712	+	291.153)	/	2 )
=	578.271	/	264.9325
=	2.18

Uni-Trend Technology (China) 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 )
=	157.779	/ (	(291.153	+	298.106)	/	2 )
=	157.779	/	294.6295
=	0.54

Uni-Trend Technology (China) Co (SHSE:688628) 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.

Uni-Trend Technology (China) 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
	=	294.6295	/	157.779	*	365 / 4
	=	170.40

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.

Uni-Trend Technology (China) 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 )
	=	294.6295	/	283.856
	=	1.04

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.

Uni-Trend Technology (China) Co Inventory Turnover Related Terms

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Uni-Trend Technology (China) Co (SHSE:688628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Uni-Trend Technology (China) Co Ltd (SHSE:688628) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Industrial North 1st Road, Songshan Lake High-tech Industrial Development Zone, Guangdong Province, Dongguan, CHN, 523808

Website

https://www.uni-trend.com.cn

Uni-Trend Technology (China) Co Ltd is engaged in the research and development, production and sales of test and measuring instruments.

Executives

Li Zhi Hai	Core technical personnel
Sun Qiao	Core technical personnel
Yang Zhi Ling	Core technical personnel
Wang Shi Ying	Director
Zhang Xing	Director
Zhou Jian Hua	Director
Gan Zong Xiu	Director
Wu Zhong Liang	Core technical personnel
Long Ji Zhi	Core technical personnel

Uni-Trend Technology (China) Co (SHSE:688628) Headlines

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