EM (Smart Share Global) Inventory Turnover: 2.84 (As of Dec. 2024)

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EM Smart Share Global Ltd EM
12 GF Score
Price $1.20
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What is Smart Share Global Inventory Turnover?

Smart Share Global EM 12 Inventory Turnover is 2.84 as of Dec. 2024. GuruFocus rates EM with a GF Score™ of 12/100.

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. Smart Share Global's Cost of Goods Sold for the three months ended in Dec. 2024 was $55.6 Mil. Smart Share Global's Average Total Inventories for the quarter that ended in Dec. 2024 was $19.6 Mil. Smart Share Global's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smart Share Global's Days Inventory for the three months ended in Dec. 2024 was 32.16.

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. Smart Share Global's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.26.

Smart Share Global  (NAS:EM) 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.

Smart Share Global's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=19.6065/55.634*365 / 4
=32.16

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.

Smart Share Global's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=19.6065 / 74.651
=0.26

* 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.

Smart Share Global Inventory Turnover Related Terms

Smart Share Global Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Smart Share Global'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.

Smart Share Global Inventory Turnover Chart

Smart Share Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Inventory Turnover
Get a 7-Day Free Trial 0.00 127.33 196.24 22.42 9.61

Smart Share Global Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.88 1.41 1.53 1.90 2.84
EM
12GF Score
Smart Share Global Ltd EM
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Smart Share Global Inventory Turnover Calculation

Smart Share Global's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Inventory Turnover (A: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2024 ) / ((Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count )
=149.819 / ((14.92 + 16.247) / 2 )
=149.819 / 15.5835
=9.61

Smart Share Global's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover (Q: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2024 ) / ((Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count )
=55.634 / ((22.966 + 16.247) / 2 )
=55.634 / 19.6065
=2.84

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.84 mean?
Smart Share Global (EM) has a Inventory Turnover of 2.84 as of Dec. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Smart Share Global and its competitors.
Is Smart Share Global's Inventory Turnover too high?
Smart Share Global's current Inventory Turnover is 2.84. Overall, Smart Share Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Smart Share Global's Inventory Turnover compare to WW and MED?
Smart Share Global's Inventory Turnover of 2.84 can be compared against companies in the Personal Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Personal Services company?
A good Inventory Turnover depends on the Personal Services industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Smart Share Global and its competitors. Smart Share Global's current Inventory Turnover is 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Share Global stock overvalued right now?
Smart Share Global (EM) has a current Inventory Turnover of 2.84. The current Inventory Turnover is 2.84. Smart Share Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Smart Share Global (EM), the current Inventory Turnover is 2.84 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Smart Share Global Business Description

Address 799 Tianshan W Road, 6th Floor, Changning District, Shanghai, CHN, 200335
Smart Share Global Ltd is a consumer tech company providing mobile device charging services through an extensive online and offline network in China. It provides service through power banks, placed in POIs operated by location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Geographically, the company generates revenue from the PRC. The company has two segments, the mobile device charging segment and the PV business segment. The company generates the majority of its revenue from the mobile device charging segment.
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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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