Changzhou Shenli Electrical Machine Co (SHSE:603819) Inventory Turnover : 1.27 (As of Mar. 2024)

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What is Changzhou Shenli Electrical Machine 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. Changzhou Shenli Electrical Machine Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥241 Mil. Changzhou Shenli Electrical Machine Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥189 Mil. Changzhou Shenli Electrical Machine Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changzhou Shenli Electrical Machine Co's Days Inventory for the three months ended in Mar. 2024 was 71.70.

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. Changzhou Shenli Electrical Machine Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.70.

Changzhou Shenli Electrical Machine Co Inventory Turnover Historical Data

The historical data trend for Changzhou Shenli Electrical Machine 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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Changzhou Shenli Electrical Machine Co Inventory Turnover Chart

Changzhou Shenli Electrical Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.39

4.93

5.04

3.97

4.61

Changzhou Shenli Electrical Machine 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															1.08	1.04	0.96	1.40	1.27

Changzhou Shenli Electrical Machine Co Inventory Turnover Calculation

Changzhou Shenli Electrical Machine 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 )
=	1168.428	/ (	(323.993	+	183.259)	/	2 )
=	1168.428	/	253.626
=	4.61

Changzhou Shenli Electrical Machine 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 )
=	240.786	/ (	(183.259	+	195.131)	/	2 )
=	240.786	/	189.195
=	1.27

Changzhou Shenli Electrical Machine Co (SHSE:603819) 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.

Changzhou Shenli Electrical Machine 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
	=	189.195	/	240.786	*	365 / 4
	=	71.70

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.

Changzhou Shenli Electrical Machine 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 )
	=	189.195	/	268.518
	=	0.70

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.

Changzhou Shenli Electrical Machine Co Inventory Turnover Related Terms

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Changzhou Shenli Electrical Machine Co (SHSE:603819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Shenli Electrical Machine Inc Co (SHSE:603819) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

88 Dong Cheng Lu, Qishuyan Qu, Jiangsu Sheng, Changzhou, CHN, 213013

Website

http://www.czshenli.com

Changzhou Shenli Electrical Machine Inc Co is engaged in manufacturing of stator, rotor laminations and cores for motors. The company produces its products for application in diesel generators, wind power generators, medium-voltage and high-voltage motor, railway motors, elevator motors and AC motors. Its products are supplied across Chinese and international markets. It generates revenues through the sale of laminations and core of motors.

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