UE Furniture Co (SHSE:603600) Inventory Turnover

: 1.95 (As of Sep. 2023)

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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. UE Furniture Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥742 Mil. UE Furniture Co's Average Total Inventories for the quarter that ended in Sep. 2023 was ¥380 Mil. UE Furniture Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. UE Furniture Co's Days Inventory for the three months ended in Sep. 2023 was 46.69.

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. UE Furniture Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.39.

UE Furniture Co Inventory Turnover Historical Data

The historical data trend for UE Furniture 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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UE Furniture Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

8.26

7.14

5.22

5.36

5.84

UE Furniture Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover																1.58	1.59	1.40	1.74	1.95

UE Furniture Co Inventory Turnover Calculation

UE Furniture Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	3271.01	/ (	(714.36	+	406.651)	/	2 )
=	3271.01	/	560.5055
=	5.84

UE Furniture Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	742.202	/ (	(370.412	+	389.07)	/	2 )
=	742.202	/	379.741
=	1.95

UE Furniture Co (SHSE:603600) 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.

UE Furniture Co's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	379.741	/	742.202	*	365 / 4
	=	46.69

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.

UE Furniture Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	379.741	/	963.847
	=	0.39

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.

UE Furniture Co Inventory Turnover Related Terms

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UE Furniture Co (SHSE:603600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » UE Furniture Co Ltd (SHSE:603600) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.1, Yongyi West Road, Dipu Town, Zhejiang Province, Huzhou, Anji County, CHN, 313300

Website

http://www.uechairs.com

UE Furniture Co Ltd is specialized in the research, development, production, and sales of seats. Its products involve office chairs and training, Training chairs, massage chairs, leisure chairs, children's chairs, partly functional seating metal parts sofas and functional seat accessories.

UE Furniture Co (SHSE:603600) Headlines

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