Caihong Display Devices Co (SHSE:600707) Inventory Turnover : 2.55 (As of Mar. 2024)

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What is Caihong Display Devices 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. Caihong Display Devices Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,345 Mil. Caihong Display Devices Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥919 Mil. Caihong Display Devices Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Caihong Display Devices Co's Days Inventory for the three months ended in Mar. 2024 was 35.76.

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. Caihong Display Devices Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

Caihong Display Devices Co Inventory Turnover Historical Data

The historical data trend for Caihong Display Devices 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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Caihong Display Devices Co Inventory Turnover Chart

Caihong Display Devices Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.90

13.95

11.07

9.66

11.04

Caihong Display Devices Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.80	3.12	3.19	2.78	2.55

Caihong Display Devices Co Inventory Turnover Calculation

Caihong Display Devices 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 )
=	9751.849	/ (	(876.733	+	889.768)	/	2 )
=	9751.849	/	883.2505
=	11.04

Caihong Display Devices 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 )
=	2344.53	/ (	(889.768	+	947.658)	/	2 )
=	2344.53	/	918.713
=	2.55

Caihong Display Devices Co (SHSE:600707) 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.

Caihong Display Devices 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
	=	918.713	/	2344.53	*	365 / 4
	=	35.76

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.

Caihong Display Devices 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 )
	=	918.713	/	2914.335
	=	0.32

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.

Caihong Display Devices Co Inventory Turnover Related Terms

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Caihong Display Devices Co (SHSE:600707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Caihong Display Devices Co Ltd (SHSE:600707) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1 Caihong Road, Xianyang, Shanxi, CHN, 712021

Website

http://www.irico.com.cn

Caihong Display Devices Co Ltd is engaged in the research and development of new energy photovoltaic glass. Its operations include construction and operation of solar power plants; production and sales of solar photovoltaic glass, tempered glass, coated glass, conductive film glass, flat glass, and vacuum glass; production and sales of solar cell chip, solar cell module, and their auxiliary products as well as silicon materials; solar photovoltaic power generation related business; and other products. The majority of its revenue comes from China.

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