Forehope Electronic (Ningbo) Co (SHSE:688362) Inventory Turnover : 2.18 (As of Mar. 2025)

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What is Forehope Electronic (Ningbo) 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. Forehope Electronic (Ningbo) Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥811 Mil. Forehope Electronic (Ningbo) Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥371 Mil. Forehope Electronic (Ningbo) Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Forehope Electronic (Ningbo) Co's Days Inventory for the three months ended in Mar. 2025 was 41.76.

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. Forehope Electronic (Ningbo) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.39.

Forehope Electronic (Ningbo) Co Inventory Turnover Historical Data

The historical data trend for Forehope Electronic (Ningbo) 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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Forehope Electronic (Ningbo) Co Inventory Turnover Chart

Forehope Electronic (Ningbo) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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7.47

5.67

6.07

8.23

Forehope Electronic (Ningbo) Co Quarterly Data
	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															1.67	1.81	1.86	2.21	2.18

Forehope Electronic (Ningbo) Co Inventory Turnover Calculation

Forehope Electronic (Ningbo) Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	2983.852	/ (	(357.855	+	367.321)	/	2 )
=	2983.852	/	362.588
=	8.23

Forehope Electronic (Ningbo) Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	811.35	/ (	(367.321	+	375.383)	/	2 )
=	811.35	/	371.352
=	2.18

Forehope Electronic (Ningbo) Co (SHSE:688362) 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.

Forehope Electronic (Ningbo) Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	371.352	/	811.35	*	365 / 4
	=	41.76

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.

Forehope Electronic (Ningbo) Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	371.352	/	945.484
	=	0.39

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.

Forehope Electronic (Ningbo) Co Inventory Turnover Related Terms

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Forehope Electronic (Ningbo) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Forehope Electronic (Ningbo) Co Ltd (SHSE:688362) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22, Xingshun Road, Zhongyi Ningbo Ecological Park, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.forehope-elec.com

Forehope Electronic (Ningbo) Co Ltd is engaged in the packaging and testing of integrated circuits.

Executives

Li Da Lin	senior management
He Zheng Hong	Core technical personnel

Forehope Electronic (Ningbo) Co Headlines

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