Chengdu Sino Microelectronics Tech Co (SHSE:688709) Inventory Turnover : 0.08 (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Chengdu Sino Microelectronics Tech 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. Chengdu Sino Microelectronics Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥28.8 Mil. Chengdu Sino Microelectronics Tech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥345.3 Mil. Chengdu Sino Microelectronics Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chengdu Sino Microelectronics Tech Co's Days Inventory for the three months ended in Mar. 2024 was 1,092.85.

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. Chengdu Sino Microelectronics Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.48.

Chengdu Sino Microelectronics Tech Co Inventory Turnover Historical Data

The historical data trend for Chengdu Sino Microelectronics Tech 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.

Chengdu Sino Microelectronics Tech Co Inventory Turnover Chart

Chengdu Sino Microelectronics Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.54

0.68

0.50

0.78

0.69

Chengdu Sino Microelectronics Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial								0.15	0.16	0.10	0.24	0.08

Chengdu Sino Microelectronics Tech Co Inventory Turnover Calculation

Chengdu Sino Microelectronics Tech 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 )
=	220.83	/ (	(302.133	+	336.282)	/	2 )
=	220.83	/	319.2075
=	0.69

Chengdu Sino Microelectronics Tech 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 )
=	28.83	/ (	(336.282	+	354.278)	/	2 )
=	28.83	/	345.28
=	0.08

Chengdu Sino Microelectronics Tech Co (SHSE:688709) 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.

Chengdu Sino Microelectronics Tech 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
	=	345.28	/	28.83	*	365 / 4
	=	1,092.85

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.

Chengdu Sino Microelectronics Tech 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 )
	=	345.28	/	139.164
	=	2.48

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.

Chengdu Sino Microelectronics Tech Co Inventory Turnover Related Terms

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

Chengdu Sino Microelectronics Tech Co (SHSE:688709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Sino Microelectronics Tech Co Ltd (SHSE:688709) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Chengdu Sino Microelectronics Tech Co Ltd is engaged in research and development, design, testing and sales of special integrated circuits.

Chengdu Sino Microelectronics Tech Co (SHSE:688709) Headlines

No Headlines