National Silicon Industry Group Co (SHSE:688126) Inventory Turnover : 0.55 (As of Mar. 2024)

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What is National Silicon Industry Group 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. National Silicon Industry Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥780 Mil. National Silicon Industry Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,418 Mil. National Silicon Industry Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Silicon Industry Group Co's Days Inventory for the three months ended in Mar. 2024 was 165.83.

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. National Silicon Industry Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.96.

National Silicon Industry Group Co Inventory Turnover Historical Data

The historical data trend for National Silicon Industry Group 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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National Silicon Industry Group Co Inventory Turnover Chart

National Silicon Industry Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.11

3.16

3.36

3.71

2.35

National Silicon Industry Group 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															0.66	0.57	0.53	0.51	0.55

National Silicon Industry Group Co Inventory Turnover Calculation

National Silicon Industry Group 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 )
=	2665.176	/ (	(823.112	+	1449.018)	/	2 )
=	2665.176	/	1136.065
=	2.35

National Silicon Industry Group 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 )
=	780.488	/ (	(1449.018	+	1387.778)	/	2 )
=	780.488	/	1418.398
=	0.55

National Silicon Industry Group Co (SHSE:688126) 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.

National Silicon Industry Group 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
	=	1418.398	/	780.488	*	365 / 4
	=	165.83

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.

National Silicon Industry Group 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 )
	=	1418.398	/	724.803
	=	1.96

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.

National Silicon Industry Group Co Inventory Turnover Related Terms

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National Silicon Industry Group Co (SHSE:688126) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » National Silicon Industry Group Co Ltd (SHSE:688126) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 865 Changning Road, 4th Floor, Building 5, Shanghai, CHN, 200050

Website

http://www.nsig.com

National Silicon Industry Group was founded in 2015 after reorganizing several smaller silicon producers. Its major subsidiaries are Zing Semiconductor and Simgui domestically, and Okmetic in Finland. The company had an annual production capacity of 9 million wafers at the end of 2022. NSIG holds a 9% stake in France-based Soitec, which is both a supplier and a customer. NSIG is headquartered in Shanghai, China and employs over 2,400 people.

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