Zhejiang Crystal-OpTech Co (SZSE:002273) Inventory Turnover

: 1.48 (As of Dec. 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. Zhejiang Crystal-OpTech Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥1,073 Mil. Zhejiang Crystal-OpTech Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥727 Mil. Zhejiang Crystal-OpTech Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Crystal-OpTech Co's Days Inventory for the three months ended in Dec. 2023 was 61.79.

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. Zhejiang Crystal-OpTech Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Zhejiang Crystal-OpTech Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Crystal-OpTech 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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Zhejiang Crystal-OpTech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.31

5.36

5.58

5.12

5.16

Zhejiang Crystal-OpTech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.22	0.95	0.99	1.62	1.48

Zhejiang Crystal-OpTech Co Inventory Turnover Calculation

Zhejiang Crystal-OpTech 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 )
=	3664.597	/ (	(700.453	+	718.796)	/	2 )
=	3664.597	/	709.6245
=	5.16

Zhejiang Crystal-OpTech Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1073.316	/ (	(734.752	+	718.796)	/	2 )
=	1073.316	/	726.774
=	1.48

Zhejiang Crystal-OpTech Co (SZSE:002273) 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.

Zhejiang Crystal-OpTech Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	726.774	/	1073.316	*	365 / 4
	=	61.79

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.

Zhejiang Crystal-OpTech Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	726.774	/	1526.784
	=	0.48

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.

Zhejiang Crystal-OpTech Co Inventory Turnover Related Terms

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Zhejiang Crystal-OpTech Co (SZSE:002273) Business Description

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Traded in Other Exchanges

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Address

Tower A5, Xingxing Electronic Industrial Zone, Jiaojiang District, Zhejiang, Taizhou, CHN, 318015

Website

http://www.crystal-optech.com

Zhejiang Crystal-OpTech Co Ltd is a China-based high-tech company. It is engaged in the research, development, manufacture, and sale of optoelectronic components. The main products of the company are applied to the digital camera, mobile phone camera, security monitoring camera, computer camera and other digital camera lenses, semiconductor illumination, micro projector, smart glasses, road traffic mark and safety protection. The company has the precise optical cold working technology, super-hard material optical process technology, precise optical film, semiconductor process, coating, and embedding core technologies.

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