Jolywood (Suzhou) Sunwatt Co (SZSE:300393) Inventory Turnover : 0.78 (As of Mar. 2024)

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What is Jolywood (Suzhou) Sunwatt 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. Jolywood (Suzhou) Sunwatt Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,331 Mil. Jolywood (Suzhou) Sunwatt Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,704 Mil. Jolywood (Suzhou) Sunwatt Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jolywood (Suzhou) Sunwatt Co's Days Inventory for the three months ended in Mar. 2024 was 116.88.

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. Jolywood (Suzhou) Sunwatt Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.32.

Jolywood (Suzhou) Sunwatt Co Inventory Turnover Historical Data

The historical data trend for Jolywood (Suzhou) Sunwatt 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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Jolywood (Suzhou) Sunwatt Co Inventory Turnover Chart

Jolywood (Suzhou) Sunwatt Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.96

5.88

4.56

3.72

4.56

Jolywood (Suzhou) Sunwatt 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															0.90	1.05	1.30	1.16	0.78

Jolywood (Suzhou) Sunwatt Co Inventory Turnover Calculation

Jolywood (Suzhou) Sunwatt 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 )
=	10376.135	/ (	(2735.858	+	1810.82)	/	2 )
=	10376.135	/	2273.339
=	4.56

Jolywood (Suzhou) Sunwatt 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 )
=	1330.587	/ (	(1810.82	+	1597.959)	/	2 )
=	1330.587	/	1704.3895
=	0.78

Jolywood (Suzhou) Sunwatt Co (SZSE:300393) 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.

Jolywood (Suzhou) Sunwatt 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
	=	1704.3895	/	1330.587	*	365 / 4
	=	116.88

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.

Jolywood (Suzhou) Sunwatt 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 )
	=	1704.3895	/	1288.337
	=	1.32

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.

Jolywood (Suzhou) Sunwatt Co Inventory Turnover Related Terms

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Jolywood (Suzhou) Sunwatt Co (SZSE:300393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jolywood (Suzhou) Sunwatt Co Ltd (SZSE:300393) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.32,Qingnian Road, Changkun Industrial Zone, Shajiabang Town, Changshu, CHN, 215542

Website

http://www.jolywood.cn

Jolywood (Suzhou) Sunwatt Co Ltd is a manufacturer and provider of integrated PV products. Its products are powered by technology, driven by talents, and focused on solar energy. The company covers PV material, high-efficiency cell, and PV application. Its PV application business is focused on investment, installation, and intelligent operation of high efficiency distributed PV system.

Executives

Yan Mi Mi	Supervisors
Lin Jian Wei	Directors, executives
Zhang Yu Zheng	Directors, executives
Zhang Chao	Directors, executives
Xia Wen Jin	Directors, executives
Li Na	Securities Affairs Representative
	Executives
Song Yi	Director
Xie Jian Jun	Executives
Li Chi	Executives
Zhong Yong Cheng	Independent director
Jiang Xiao Wei	Director

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