Shanghai Optech Science and Technology Co (BJSE:836414) Inventory Turnover : 0.53 (As of Jun. 2024)

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What is Shanghai Optech Science and Technology 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. Shanghai Optech Science and Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥15.8 Mil. Shanghai Optech Science and Technology Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥30.1 Mil. Shanghai Optech Science and Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Optech Science and Technology Co's Days Inventory for the three months ended in Jun. 2024 was 173.73.

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. Shanghai Optech Science and Technology Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.13.

Shanghai Optech Science and Technology Co Inventory Turnover Historical Data

The historical data trend for Shanghai Optech Science and Technology 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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Shanghai Optech Science and Technology Co Inventory Turnover Chart

Shanghai Optech Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.32

3.21

2.99

2.91

3.56

Shanghai Optech Science and Technology Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.84	0.89	0.70	0.42	0.53

Shanghai Optech Science and Technology Co Inventory Turnover Calculation

Shanghai Optech Science and Technology 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 )
=	104.358	/ (	(27.43	+	31.271)	/	2 )
=	104.358	/	29.3505
=	3.56

Shanghai Optech Science and Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	15.795	/ (	(32.477	+	27.666)	/	2 )
=	15.795	/	30.0715
=	0.53

Shanghai Optech Science and Technology Co (BJSE:836414) 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.

Shanghai Optech Science and Technology Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	30.0715	/	15.795	*	365 / 4
	=	173.73

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.

Shanghai Optech Science and Technology Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	30.0715	/	26.636
	=	1.13

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.

Shanghai Optech Science and Technology Co Inventory Turnover Related Terms

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Shanghai Optech Science and Technology Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Optech Science and Technology Co Ltd (BJSE:836414) » Definitions » Inventory Turnover

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Address

Lane 879, Zhongjiang Road, Room 402, Building 12, Putuo District, Shanghai, CHN, 200333

Website

http://www.optjt.cn

Shanghai Optech Science and Technology Co Ltd focused on the technology and product development of automatic detection equipment and automatic production equipment in the photovoltaic industry. It engages in designing photovoltaic detection solutions and the development, production, and sales of supporting equipment and software. It offers Component EL/appearance -AI automatic sorting system, String inspection EL/appearance AI automatic sorting system, Automatic battery sorting system, Final inspection appearance-AI automatic sorting system, Component repair query system, String inspection repair query system, Dual station battery string repair system, Photovoltaic power station UAV automatic operation and maintenance system.

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