Guangdong Champion Asia Electronics Co (SHSE:603386) Inventory Turnover : 1.24 (As of Mar. 2024)

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What is Guangdong Champion Asia Electronics 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. Guangdong Champion Asia Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥416 Mil. Guangdong Champion Asia Electronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥336 Mil. Guangdong Champion Asia Electronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Champion Asia Electronics Co's Days Inventory for the three months ended in Mar. 2024 was 73.72.

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. Guangdong Champion Asia Electronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Guangdong Champion Asia Electronics Co Inventory Turnover Historical Data

The historical data trend for Guangdong Champion Asia Electronics 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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Guangdong Champion Asia Electronics Co Inventory Turnover Chart

Guangdong Champion Asia Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.57

4.95

5.55

4.92

5.63

Guangdong Champion Asia Electronics 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															1.17	1.41	1.37	1.40	1.24

Guangdong Champion Asia Electronics Co Inventory Turnover Calculation

Guangdong Champion Asia Electronics 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 )
=	1934.583	/ (	(383.04	+	304.233)	/	2 )
=	1934.583	/	343.6365
=	5.63

Guangdong Champion Asia Electronics 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 )
=	415.748	/ (	(304.233	+	367.521)	/	2 )
=	415.748	/	335.877
=	1.24

Guangdong Champion Asia Electronics Co (SHSE:603386) 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.

Guangdong Champion Asia Electronics 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
	=	335.877	/	415.748	*	365 / 4
	=	73.72

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.

Guangdong Champion Asia Electronics 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 )
	=	335.877	/	484.528
	=	0.69

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.

Guangdong Champion Asia Electronics Co Inventory Turnover Related Terms

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Guangdong Champion Asia Electronics Co (SHSE:603386) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Champion Asia Electronics Co Ltd (SHSE:603386) » Definitions » Inventory Turnover

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Address

25 Digital Industrial Park, Sandong Town, Guangdong Province, Huicheng District, Huizhou, CHN

Website

http://www.championasia.hk

Guangdong Champion Asia Electronics Co Ltd specializes in the printed circuit board industry. It is mainly engaged in the development, production and sales of printed circuit boards, and printed circuit board tables. The company's main products include double-panel, multi-layer boards including SMT products. The products are mainly used in IT communication equipment, consumer electronics, computers and peripherals, automotive electronics, industrial control energy and other industries.

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