Xinya Electronic Co (SHSE:605277) Inventory Turnover : 1.39 (As of Sep. 2024)

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What is Xinya Electronic 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. Xinya Electronic Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥724 Mil. Xinya Electronic Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥521 Mil. Xinya Electronic Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xinya Electronic Co's Days Inventory for the three months ended in Sep. 2024 was 65.60.

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. Xinya Electronic Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.61.

Xinya Electronic Co Inventory Turnover Historical Data

The historical data trend for Xinya Electronic 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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Xinya Electronic Co Inventory Turnover Chart

Xinya Electronic Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.04

7.41

8.21

4.95

6.81

Xinya Electronic 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															1.35	2.04	1.27	1.59	1.39

Xinya Electronic Co Inventory Turnover Calculation

Xinya Electronic 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 )
=	2668.882	/ (	(378.055	+	405.276)	/	2 )
=	2668.882	/	391.6655
=	6.81

Xinya Electronic 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 )
=	724.206	/ (	(509.068	+	532.279)	/	2 )
=	724.206	/	520.6735
=	1.39

Xinya Electronic Co (SHSE:605277) 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.

Xinya Electronic 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
	=	520.6735	/	724.206	*	365 / 4
	=	65.60

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.

Xinya Electronic 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 )
	=	520.6735	/	852.225
	=	0.61

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.

Xinya Electronic Co Inventory Turnover Related Terms

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Xinya Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinya Electronic Co Ltd (SHSE:605277) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Wenzhou Bridge Industrial Park, Beibaixiang Town, Zhejiang Province, Yueqing, CHN, 325603

Website

http://www.xinya-cn.com

Xinya Electronic Co Ltd is engaged in the research and development, manufacturing and sales of fine electronic wires. The company's products mainly include consumer electronics and industrial control wires, automotive electronic wires, high-frequency data wires and special wires and others. The products are widely used in household appliances, computers, intelligent office, industrial control equipment, automotive electronics, data servers and new energy technology and other fields.

Executives

Huang Juan	senior management
Yang Wen Hua	Director
Chen Jing Miao	Director
Shi Liu Jian	Director
Chen Hua Hui	Director
Zhu Jia Li	Supervisors
Zhao Zhan Bing	Director

Xinya Electronic Co Headlines

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