Synthesis Electronic Technology Co (SZSE:300479) Inventory Turnover : 0.06 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Synthesis Electronic Technology 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. Synthesis Electronic Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17.2 Mil. Synthesis Electronic Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥277.4 Mil. Synthesis Electronic Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Synthesis Electronic Technology Co's Days Inventory for the three months ended in Mar. 2024 was 1,474.17.

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. Synthesis Electronic Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 13.78.

Synthesis Electronic Technology Co Inventory Turnover Historical Data

The historical data trend for Synthesis Electronic Technology 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.

Synthesis Electronic Technology Co Inventory Turnover Chart

Synthesis Electronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.10

1.59

1.62

1.71

1.33

Synthesis Electronic Technology 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															0.45	0.21	0.31	0.58	0.06

Synthesis Electronic Technology Co Inventory Turnover Calculation

Synthesis Electronic Technology 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 )
=	265.597	/ (	(146.371	+	252.256)	/	2 )
=	265.597	/	199.3135
=	1.33

Synthesis Electronic Technology 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 )
=	17.173	/ (	(252.256	+	302.615)	/	2 )
=	17.173	/	277.4355
=	0.06

Synthesis Electronic Technology Co (SZSE:300479) 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.

Synthesis Electronic Technology 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
	=	277.4355	/	17.173	*	365 / 4
	=	1,474.17

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.

Synthesis Electronic Technology 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 )
	=	277.4355	/	20.126
	=	13.78

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.

Synthesis Electronic Technology Co Inventory Turnover Related Terms

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

Synthesis Electronic Technology Co (SZSE:300479) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Synthesis Electronic Technology Co Ltd (SZSE:300479) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

High-tech Zone, Shunhua Road, No. 699 Spiritual Technology Park, Jinan, CHN, 250101

Website

http://www.sdses.com

Synthesis Electronic Technology Co Ltd is engaged in developing, producing, selling and servicing smart Identity authentication terminals and industrial application software. The solutions developed have been put into batch commercial application in banking, public security, communication, social security, and medical care. The company is also into data and cloud computing services.

Executives

Zang Xue Li	Directors, executives
Min Wan Li	Director
Yan Long	Director
Ding Xin	Directors, executives
Li Hong Yu	Directors, executives
Wang Ji Chun	Director
Sun Jian Wei	Supervisors
Guan Hua Jian	Directors, executives

Synthesis Electronic Technology Co (SZSE:300479) Headlines

No Headlines