What is Sunny Optical Technology (Group) Co Inventory-to-Revenue?
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. Sunny Optical Technology (Group) Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$5,225 Mil. Sunny Optical Technology (Group) Co's Revenue for the
six
months ended in Dec. 2023 was HK$19,035 Mil.
Sunny Optical Technology (Group) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.
Sunny Optical Technology (Group) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Jun. 2023 (0.32) to Jun. 2023 (0.27)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sunny Optical Technology (Group) Co's Days Inventory for the
six
months ended in Dec. 2023 was 58.34.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sunny Optical Technology (Group) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.13.
Sunny Optical Technology (Group) Co Inventory-to-Revenue Historical Data
* 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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Sunny Optical Technology (Group) Co Inventory-to-Revenue Chart
Competitive Comparison of Sunny Optical Technology (Group) Co's Inventory-to-Revenue
For the Electronic Components subindustry, Sunny Optical Technology (Group) Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sunny Optical Technology (Group) Co's Inventory-to-Revenue Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Sunny Optical Technology (Group) Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Sunny Optical Technology (Group) Co's Inventory-to-Revenue falls into.
Sunny Optical Technology (Group) Co Inventory-to-Revenue Calculation
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.
* 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.
Sunny Optical Technology (Group) Co (HKSE:02382) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sunny Optical Technology (Group) Co's Days Inventory for the
six
months ended in Dec. 2023 is calculated as:
* 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.
Sunny Optical Technology (Group) Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Sunny Optical Technology (Group) Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Sunny Optical Technology (Group) Co (HKSE:02382) Business Description
Headquartered in Yuyao, China, Sunny Optical is China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of mobile and vehicle camera demand, as smartphone manufacturers seek differentiated camera features and advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 26,610 people as of December 2022.
Sunny Optical Technology (Group) Co (HKSE:02382) Headlines
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