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Audiowell Electronics (Guangdong) Co (BJSE:832491) Inventory Turnover : 1.22 (As of Sep. 2024)


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What is Audiowell Electronics (Guangdong) Co Inventory Turnover?

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. Audiowell Electronics (Guangdong) Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥106.7 Mil. Audiowell Electronics (Guangdong) Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥87.3 Mil. Audiowell Electronics (Guangdong) Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Audiowell Electronics (Guangdong) Co's Days Inventory for the three months ended in Sep. 2024 was 74.63.

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. Audiowell Electronics (Guangdong) Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.54.


Audiowell Electronics (Guangdong) Co Inventory Turnover Historical Data

The historical data trend for Audiowell Electronics (Guangdong) 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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Audiowell Electronics (Guangdong) Co Inventory Turnover Chart

Audiowell Electronics (Guangdong) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 3.93 3.56 3.17 4.08

Audiowell Electronics (Guangdong) Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Inventory Turnover 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 1.07 1.15 1.04 1.28 1.22

Audiowell Electronics (Guangdong) Co Inventory Turnover Calculation

Audiowell Electronics (Guangdong) 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 )
=289.265 / ((61.744 + 80.131) / 2 )
=289.265 / 70.9375
=4.08

Audiowell Electronics (Guangdong) Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover (Q: Sep. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2024 ) / ((Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=106.692 / ((80.085 + 94.432) / 2 )
=106.692 / 87.2585
=1.22

* 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.


Audiowell Electronics (Guangdong) Co  (BJSE:832491) 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.

Audiowell Electronics (Guangdong) Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=87.2585/106.692*365 / 4
=74.63

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.

Audiowell Electronics (Guangdong) Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=87.2585 / 162.636
=0.54

* 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.


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.


Audiowell Electronics (Guangdong) Co Inventory Turnover Related Terms

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Audiowell Electronics (Guangdong) Co Business Description

Traded in Other Exchanges
N/A
Address
No. 4, 3rd Street, Yinping Road, Shatou Street, Panyu District, Guangdong Province, Guangzhou City, CHN, 511400
Audiowell Electronics (Guangdong) Co Ltd engages in the research, design, production, and sales of intelligent sensors, actuators, and related applications. Its main products include distance-measuring sensors, flow sensors, pressure touch sensors and actuators, atomization transducers, and modules, and alarm sounders.

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