Jiaxing ZMAX Optech Co (SHSE:688307) Inventory Turnover : 0.57 (As of Mar. 2024)

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What is Jiaxing ZMAX Optech 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. Jiaxing ZMAX Optech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥52.6 Mil. Jiaxing ZMAX Optech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥91.9 Mil. Jiaxing ZMAX Optech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiaxing ZMAX Optech Co's Days Inventory for the three months ended in Mar. 2024 was 159.57.

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. Jiaxing ZMAX Optech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.16.

Jiaxing ZMAX Optech Co Inventory Turnover Historical Data

The historical data trend for Jiaxing ZMAX Optech 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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Jiaxing ZMAX Optech Co Inventory Turnover Chart

Jiaxing ZMAX Optech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.24

2.71

3.04

2.64

2.58

Jiaxing ZMAX Optech Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial								0.44	0.69	0.38	0.91	0.57

Jiaxing ZMAX Optech Co Inventory Turnover Calculation

Jiaxing ZMAX Optech 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 )
=	251.468	/ (	(103.198	+	91.547)	/	2 )
=	251.468	/	97.3725
=	2.58

Jiaxing ZMAX Optech 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 )
=	52.571	/ (	(91.547	+	92.317)	/	2 )
=	52.571	/	91.932
=	0.57

Jiaxing ZMAX Optech Co (SHSE:688307) 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.

Jiaxing ZMAX Optech 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
	=	91.932	/	52.571	*	365 / 4
	=	159.57

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.

Jiaxing ZMAX Optech 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 )
	=	91.932	/	79.484
	=	1.16

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.

Jiaxing ZMAX Optech Co Inventory Turnover Related Terms

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Jiaxing ZMAX Optech Co (SHSE:688307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiaxing ZMAX Optech Co Ltd (SHSE:688307) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 188 Taojing Road, Gaozhao Street, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314000

Website

http://www.zmax-opt.com

Jiaxing ZMAX Optech Co Ltd is a precision optical lens product and technology development service provider. It develop various 4K/8K ultra-high-definition optics for various fields such as smart IoT, smart driving, smart terminals, smart home, and machine vision.

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