Suzhou Agioe Technologies Co (SHSE:688450) Inventory Turnover : 0.31 (As of Jun. 2024)

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What is Suzhou Agioe Technologies 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. Suzhou Agioe Technologies Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥18.0 Mil. Suzhou Agioe Technologies Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥58.6 Mil. Suzhou Agioe Technologies Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Agioe Technologies Co's Days Inventory for the three months ended in Jun. 2024 was 297.14.

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. Suzhou Agioe Technologies Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.39.

Suzhou Agioe Technologies Co Inventory Turnover Historical Data

The historical data trend for Suzhou Agioe Technologies 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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Suzhou Agioe Technologies Co Inventory Turnover Chart

Suzhou Agioe Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.24

1.92

1.94

1.99

2.47

Suzhou Agioe Technologies Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial									0.70	0.40	1.04	0.10	0.31

Suzhou Agioe Technologies Co Inventory Turnover Calculation

Suzhou Agioe Technologies 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 )
=	130.644	/ (	(60.889	+	44.745)	/	2 )
=	130.644	/	52.817
=	2.47

Suzhou Agioe Technologies Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	17.995	/ (	(51.747	+	65.448)	/	2 )
=	17.995	/	58.5975
=	0.31

Suzhou Agioe Technologies Co (SHSE:688450) 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.

Suzhou Agioe Technologies Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	58.5975	/	17.995	*	365 / 4
	=	297.14

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.

Suzhou Agioe Technologies Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	58.5975	/	42.238
	=	1.39

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.

Suzhou Agioe Technologies Co Inventory Turnover Related Terms

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Suzhou Agioe Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Agioe Technologies Co Ltd (SHSE:688450) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123

Website

http://www.agioe.com

Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.

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