Shanghainyou Medical Co (SHSE:688085) Inventory Turnover : 0.19 (As of Mar. 2024)

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What is Shanghainyou Medical 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. Shanghainyou Medical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥36.0 Mil. Shanghainyou Medical Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥192.9 Mil. Shanghainyou Medical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghainyou Medical Co's Days Inventory for the three months ended in Mar. 2024 was 488.31.

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. Shanghainyou Medical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.23.

Shanghainyou Medical Co Inventory Turnover Historical Data

The historical data trend for Shanghainyou Medical 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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Shanghainyou Medical Co Inventory Turnover Chart

Shanghainyou Medical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.56

0.44

0.53

0.46

0.56

Shanghainyou Medical 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															0.15	0.14	0.14	0.12	0.19

Shanghainyou Medical Co Inventory Turnover Calculation

Shanghainyou Medical 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 )
=	92.303	/ (	(155.085	+	176.663)	/	2 )
=	92.303	/	165.874
=	0.56

Shanghainyou Medical 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 )
=	36.042	/ (	(176.663	+	209.087)	/	2 )
=	36.042	/	192.875
=	0.19

Shanghainyou Medical Co (SHSE:688085) 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.

Shanghainyou Medical 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
	=	192.875	/	36.042	*	365 / 4
	=	488.31

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.

Shanghainyou Medical 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 )
	=	192.875	/	86.429
	=	2.23

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.

Shanghainyou Medical Co Inventory Turnover Related Terms

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Shanghainyou Medical Co (SHSE:688085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Sanyou Medical Co Ltd (SHSE:688085) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

356 Renqing Road, Building 3-2nd Floor, Medical Apparatus Garden of Zhangjiang Hi-Tech Park, East, Pudong, Shanghai, CHN

Website

http://www.sanyou-medical.com

Shanghai Sanyou Medical Equipment Co Ltd is engaged in manufacturing and sales of independently orthopedics implant. The company manufactures medical devices such as type III implantation equipment (orthopedics), type III intracranial hematoma puncture removal equipment, type II dressing, nursing materials, type II surgical instruments and I surgical instruments.

Executives

Xu Nong	Directors, senior managers
	Director, core technical staff
Fan Xiang Long	Directors, senior managers
Fan Xiang Long	Directors, senior managers
Liu Ming Yan	Director, core technical staff

Shanghainyou Medical Co (SHSE:688085) Headlines

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