What is Yimikang Tech 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. Yimikang Tech Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥186.2 Mil. Yimikang Tech Group Co's Revenue for the
three
months ended in Mar. 2024 was ¥251.8 Mil.
Yimikang Tech Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.
Yimikang Tech Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (1.12) to Dec. 2023 (0.74)
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.
Yimikang Tech Group Co's Days Inventory for the
three
months ended in Mar. 2024 was 84.53.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Yimikang Tech Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.08.
Yimikang Tech Group Co Inventory-to-Revenue Historical Data
The historical data trend for Yimikang Tech Group Co'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.
Competitive Comparison of Yimikang Tech Group Co's Inventory-to-Revenue
For the Electronic Components subindustry, Yimikang Tech 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.
Yimikang Tech Group Co's Inventory-to-Revenue Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Yimikang Tech Group Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Yimikang Tech Group Co's Inventory-to-Revenue falls into.
Yimikang Tech 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.
Yimikang Tech Group Co's Inventory-to-Revenue for the fiscal year that 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.
Yimikang Tech Group Co (SZSE:300249) 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.
Yimikang Tech Group Co's Days Inventory for the
three
months ended in Mar. 2024 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.
Yimikang Tech Group Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Yimikang Tech Group Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Yimikang Tech Group Co (SZSE:300249) Business Description
Yimikang Tech Group Co Ltd offers precision environment integrated solutions & services. It provides technology and solution services for IT construction, large healthcare construction, environmental governance and other cloud computing data centers. It operates in the business areas of the Information field, Medical field, and Environmental protection field. In the Information field, the company offers advanced products and total solutions in the fields of communication equipment, data center, smart building, and energy management. In the Medical field, it offers medical purification engineering, hospital's overall logistics system and medical equipment sales, and other services. Environmental protection consists of operation in the field of dust removal, desulfurization and out of stock.
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