GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Broadband Technology Co Ltd (SHSE:600608) » Definitions » Inventory Turnover

Shanghai Broadband Technology Co (SHSE:600608) Inventory Turnover : 1.29 (As of Sep. 2024)


View and export this data going back to 1992. Start your Free Trial

What is Shanghai Broadband 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 Broadband Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥63.3 Mil. Shanghai Broadband Technology Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥49.0 Mil. Shanghai Broadband Technology Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Broadband Technology Co's Days Inventory for the three months ended in Sep. 2024 was 70.63.

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. Shanghai Broadband Technology Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.75.


Shanghai Broadband Technology Co Inventory Turnover Historical Data

The historical data trend for Shanghai Broadband 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.

* Premium members only.

Shanghai Broadband Technology Co Inventory Turnover Chart

Shanghai Broadband Technology 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 16.24 - 5.01 7.29 3.92

Shanghai Broadband Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 1.22 0.71 1.52 0.83 1.29

Shanghai Broadband Technology Co Inventory Turnover Calculation

Shanghai Broadband 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 )
=161.819 / ((34.928 + 47.716) / 2 )
=161.819 / 41.322
=3.92

Shanghai Broadband Technology 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 )
=63.29 / ((47.275 + 50.695) / 2 )
=63.29 / 48.985
=1.29

* 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.


Shanghai Broadband Technology Co  (SHSE:600608) 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 Broadband Technology 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
=48.985/63.29*365 / 4
=70.63

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.

Shanghai Broadband Technology 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 )
=48.985 / 64.952
=0.75

* 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.


Shanghai Broadband Technology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Shanghai Broadband Technology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Shanghai Broadband Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 299, Jiangchang West Road, Room 1601, Building 1, Shanghai, CHN
Shanghai Broadband Technology Co Ltd is principally engaged in the information technology industry. The main products and services include mobile communication terminals, integrated circuit chips, network communication and computer products and special shaped steel pipes. Geographically, the activities are carried out through China.
Executives
Li Chen Cheng Supervisors
Jiang Wei Director
Jin Wei Director
Lei Sheng Kui Director
Li Xing Hong Director
Xu Shao Director
He Guan Xing senior management
Li De Ping Supervisors
Ye Qi Min Supervisors
Hu Liang senior management

Shanghai Broadband Technology Co Headlines

No Headlines