Wuxi NCE Power Co (SHSE:605111) Inventory Turnover : 0.92 (As of Sep. 2024)

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What is Wuxi NCE Power 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. Wuxi NCE Power Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥299 Mil. Wuxi NCE Power Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥325 Mil. Wuxi NCE Power Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuxi NCE Power Co's Days Inventory for the three months ended in Sep. 2024 was 99.36.

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. Wuxi NCE Power Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.67.

Wuxi NCE Power Co Inventory Turnover Historical Data

The historical data trend for Wuxi NCE Power 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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Wuxi NCE Power Co Inventory Turnover Chart

Wuxi NCE Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.93

5.79

5.13

3.30

2.28

Wuxi NCE Power 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															0.50	0.52	0.58	0.90	0.92

Wuxi NCE Power Co Inventory Turnover Calculation

Wuxi NCE Power 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 )
=	1022.474	/ (	(441.336	+	453.895)	/	2 )
=	1022.474	/	447.6155
=	2.28

Wuxi NCE Power 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 )
=	298.773	/ (	(330.074	+	320.605)	/	2 )
=	298.773	/	325.3395
=	0.92

Wuxi NCE Power Co (SHSE:605111) 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.

Wuxi NCE Power 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
	=	325.3395	/	298.773	*	365 / 4
	=	99.36

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.

Wuxi NCE Power 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 )
	=	325.3395	/	482.193
	=	0.67

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.

Wuxi NCE Power Co Inventory Turnover Related Terms

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Wuxi NCE Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Wuxi NCE Power Co Ltd (SHSE:605111) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Extension of Xinda Road, Singapore Industrial Park, Xinwu District, Jiangsu Province (east side of the road), Wuxi, CHN, 214000

Website

http://www.ncepower.com

Wuxi NCE Power Co Ltd is engaged in design and sales of MOSFET, IGBT and other semiconductor chips and power devices. The company provides 12V~200V Trench MOSFET (N channel and P channel), 30V~300V Super Trench MOSFET (N channel and P channel), 500V~900V Super Junction MOSFET and 600V~1350V Insulated Gate Bipolar Transistor (IGBT). Its products are widely applied in numerous fields, like automotive electronics, motor driver, household appliances, consumer electronics, LED lighting, security, electric motorcycle, network communication equipment, among others.

Executives

Ye Peng	Directors, senior managers
Wang Cheng Hong	Directors, senior managers
Lu Hong	senior management
Xiao Dong Ge	senior management
Gu Peng Peng	Director
Li Zong Qing	Supervisors
Wang Yong Gang	senior management
Zhu Yuan Zheng	Directors, senior managers
Chen Ling Li	Supervisors
Zong Zhen	senior management
Yang Zhuo	Director
Wu Guo Qiang	Supervisors

Wuxi NCE Power Co Headlines

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