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Tongyu Communication (SZSE:002792) Inventory-to-Revenue : 1.53 (As of Mar. 2024)


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What is Tongyu Communication 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. Tongyu Communication's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥362 Mil. Tongyu Communication's Revenue for the three months ended in Mar. 2024 was ¥236 Mil. Tongyu Communication's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.53.

Tongyu Communication's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.88) to Dec. 2023 (1.53)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tongyu Communication's Days Inventory for the three months ended in Mar. 2024 was 191.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tongyu Communication's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.48.


Tongyu Communication Inventory-to-Revenue Historical Data

The historical data trend for Tongyu Communication's Inventory-to-Revenue 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.

Tongyu Communication Inventory-to-Revenue Chart

Tongyu Communication Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.27 0.33 0.34 0.31

Tongyu Communication Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.71 1.43 1.34 0.88 1.53

Competitive Comparison of Tongyu Communication's Inventory-to-Revenue

For the Communication Equipment subindustry, Tongyu Communication'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.


Tongyu Communication's Inventory-to-Revenue Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tongyu Communication's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Tongyu Communication's Inventory-to-Revenue falls into.



Tongyu Communication 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.

Tongyu Communication's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (428.126 + 370.288) / 2 ) / 1293.777
=399.207 / 1293.777
=0.31

Tongyu Communication's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (370.288 + 354.465) / 2 ) / 236.319
=362.3765 / 236.319
=1.53

* 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.


Tongyu Communication  (SZSE:002792) 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.

Tongyu Communication'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
=362.3765/173.043*365 / 4
=191.09

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Tongyu Communication's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=173.043 / 362.3765
=0.48

* 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.


Tongyu Communication Inventory-to-Revenue Related Terms

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Tongyu Communication (SZSE:002792) Business Description

Traded in Other Exchanges
N/A
Address
No.3 Jintong Street ,State-Level, Torch Hi-Tech Industrial Development Zone, Guandong, Zhongshan City, CHN, 528437
Tongyu Communication Inc develops, manufactures and sells communication antennas and RF devices, optical module and other products used in mobile communication systems. The company produces base station antennas, RF components, microwave antennas, indoor antennas.
Executives
Wu Zhong Lin Director
Chen Hong Sheng Directors, executives
Fang Feng Ming Executives
Liu Mu Lin Directors, executives
Gao Zhuo Feng Supervisors
Sun Jun Quan Supervisors
Huang Si Ding Executives

Tongyu Communication (SZSE:002792) Headlines

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