TCL Technology Group (SZSE:000100) Inventory Turnover : 1.87 (As of Mar. 2024)

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What is TCL Technology Group 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. TCL Technology Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥35,313 Mil. TCL Technology Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥18,893 Mil. TCL Technology Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TCL Technology Group's Days Inventory for the three months ended in Mar. 2024 was 48.82.

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. TCL Technology Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

TCL Technology Group Inventory Turnover Historical Data

The historical data trend for TCL Technology Group'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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TCL Technology Group Inventory Turnover Chart

TCL Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.18

9.10

11.45

9.47

8.16

TCL Technology Group 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															1.93	2.12	2.08	1.84	1.87

TCL Technology Group Inventory Turnover Calculation

TCL Technology Group'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 )
=	148786.959	/ (	(18001.122	+	18481.755)	/	2 )
=	148786.959	/	18241.4385
=	8.16

TCL Technology Group'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 )
=	35313.379	/ (	(18481.755	+	19304.751)	/	2 )
=	35313.379	/	18893.253
=	1.87

TCL Technology Group (SZSE:000100) 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.

TCL Technology Group'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
	=	18893.253	/	35313.379	*	365 / 4
	=	48.82

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.

TCL Technology Group'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 )
	=	18893.253	/	39946.383
	=	0.47

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.

TCL Technology Group Inventory Turnover Related Terms

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TCL Technology Group (SZSE:000100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TCL Technology Group Corp (SZSE:000100) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 Huifeng Third Road, TCL Technology Building, Zhongkai Hi-Tech Development District, Guangdong Province, Huizhou, CHN, 516001

Website

https://www.tcltech.com

TCL Technology Group Corp is a consumer electronics company in China. The company's operating segment includes Semi-conductor display and materials business; Distribution business; Semi-conductor photovoltaic and semi-conductor materials business and Other businesses. It generates maximum revenue from Semi-conductor display and materials business segment. The Semi-conductor display and materials business segment mainly includes research and development, manufacturing and sales of semiconductor display panels and semiconductor display modules.

Executives

Li Dong Sheng	Directors, executives
Liu Bin	Director
Wang Cheng	Executives
Lu Xin	Independent director
Yan Xiao Lin	Executives
Wang Jian Xun	Securities Affairs Representative
Mi Xin Bin	Supervisors
Han Fang Ming	Director
Bao Lian Ming	Directors, executives
Shi Wan Wen	Executives
Zhao Zhong Yao	Directors, executives
Huang Xu Bin	Executives
Yu Guang Hui	Executives
Zheng Chuan Lie	Director
He Cheng Ming	Executives

TCL Technology Group (SZSE:000100) Headlines

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