Shanghai Fudan Microelectronics Group Co (Shanghai Fudan Microelectronics Group Co) Inventory Turnover : 0.12 (As of Mar. 2024)

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What is Shanghai Fudan Microelectronics Group 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 Fudan Microelectronics Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $53.7 Mil. Shanghai Fudan Microelectronics Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was $445.7 Mil. Shanghai Fudan Microelectronics Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Fudan Microelectronics Group Co's Days Inventory for the three months ended in Mar. 2024 was 756.69.

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 Fudan Microelectronics Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.59.

Shanghai Fudan Microelectronics Group Co Inventory Turnover Historical Data

The historical data trend for Shanghai Fudan Microelectronics Group 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 Fudan Microelectronics Group Co Inventory Turnover Chart

Shanghai Fudan Microelectronics Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.56

1.58

1.40

1.01

0.58

Shanghai Fudan Microelectronics Group Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.14	0.12	0.13	0.13	0.12

Shanghai Fudan Microelectronics Group Co Inventory Turnover Calculation

Shanghai Fudan Microelectronics Group 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 )
=	192.104	/ (	(212.755	+	444.997)	/	2 )
=	192.104	/	328.876
=	0.58

Shanghai Fudan Microelectronics Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	53.742	/ (	(444.997	+	446.308)	/	2 )
=	53.742	/	445.6525
=	0.12

Shanghai Fudan Microelectronics Group Co (OTCPK:SFDMY) 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 Fudan Microelectronics Group Co'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
	=	445.6525	/	53.742	*	365 / 4
	=	756.69

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 Fudan Microelectronics Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	445.6525	/	123.966
	=	3.59

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 Fudan Microelectronics Group Co Inventory Turnover Related Terms

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Shanghai Fudan Microelectronics Group Co (Shanghai Fudan Microelectronics Group Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Fudan Microelectronics Group Co Ltd (OTCPK:SFDMY) » Definitions » Inventory Turnover

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01385:Hong Kong FUD:Germany 688385:China

Address

98 Granville Road, Flat 6, 5th Floor, East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

http://www.fmsh.com

Shanghai Fudan Microelectronics Group Company Limited is principally engaged in the integrated circuit (IC) related businesses. The Company operates through two business segments: the design, development and sales of IC products segment and the provision of testing services for IC products segment. The Company is also engaged in the production of probe cards, the development and sales of hardware and software of computers, electronic products and communication equipment and the provision of investment management and consultancy services, research and consultancy services of IC technology and research and consultancy services of computer and network technology through its subsidiaries.

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