Shenyu Communication Technology (SZSE:300563) Inventory Turnover : 1.06 (As of Mar. 2024)

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What is Shenyu Communication Technology 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. Shenyu Communication Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥157.1 Mil. Shenyu Communication Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥148.0 Mil. Shenyu Communication Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenyu Communication Technology's Days Inventory for the three months ended in Mar. 2024 was 86.01.

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. Shenyu Communication Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Shenyu Communication Technology Inventory Turnover Historical Data

The historical data trend for Shenyu Communication Technology'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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Shenyu Communication Technology Inventory Turnover Chart

Shenyu Communication Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.67

4.74

5.71

3.98

3.83

Shenyu Communication Technology 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															0.69	1.12	1.22	1.23	1.06

Shenyu Communication Technology Inventory Turnover Calculation

Shenyu Communication Technology'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 )
=	630.011	/ (	(186.246	+	142.322)	/	2 )
=	630.011	/	164.284
=	3.83

Shenyu Communication Technology'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 )
=	157.057	/ (	(142.322	+	153.752)	/	2 )
=	157.057	/	148.037
=	1.06

Shenyu Communication Technology (SZSE:300563) 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.

Shenyu Communication Technology'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
	=	148.037	/	157.057	*	365 / 4
	=	86.01

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.

Shenyu Communication Technology'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 )
	=	148.037	/	185.966
	=	0.80

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.

Shenyu Communication Technology Inventory Turnover Related Terms

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Shenyu Communication Technology (SZSE:300563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenyu Communication Technology Inc (SZSE:300563) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

275 East Beltway, Jiangsu Province, Jiangyin, CHN, 214432

Website

http://www.shenyucable.com

Shenyu Communication Technology Inc is engaged in the research and development, production and sales of RF coaxial cables in China. Its products portfolio includes RF series of fine RF coaxial cable, RG series military standard RF coaxial cable, MCC series of very fine RF coaxial cable, AF high temperature installation line, semi-flexible semi-rigid RF coaxial Cables, microwave stabilized phase RF coaxial cables, high-speed data lines, various high-frequency low-loss steady-phase cable assemblies and low-loss soft microwave feeders.

Executives

Ren Feng Juan	Director
Zhou Zhi Hua	Supervisors

Shenyu Communication Technology (SZSE:300563) Headlines

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