Shenzhen United Winners Laser Co (SHSE:688518) Inventory Turnover : 0.21 (As of Mar. 2024)

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What is Shenzhen United Winners Laser 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. Shenzhen United Winners Laser Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥515 Mil. Shenzhen United Winners Laser Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,441 Mil. Shenzhen United Winners Laser Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen United Winners Laser Co's Days Inventory for the three months ended in Mar. 2024 was 432.27.

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. Shenzhen United Winners Laser Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.35.

Shenzhen United Winners Laser Co Inventory Turnover Historical Data

The historical data trend for Shenzhen United Winners Laser 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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Shenzhen United Winners Laser Co Inventory Turnover Chart

Shenzhen United Winners Laser Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.04

0.83

0.68

0.82

0.92

Shenzhen United Winners Laser 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															0.18	0.21	0.21	0.25	0.21

Shenzhen United Winners Laser Co Inventory Turnover Calculation

Shenzhen United Winners Laser 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 )
=	2355.519	/ (	(2608.472	+	2486.466)	/	2 )
=	2355.519	/	2547.469
=	0.92

Shenzhen United Winners Laser 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 )
=	515.195	/ (	(2486.466	+	2394.706)	/	2 )
=	515.195	/	2440.586
=	0.21

Shenzhen United Winners Laser Co (SHSE:688518) 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.

Shenzhen United Winners Laser 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
	=	2440.586	/	515.195	*	365 / 4
	=	432.27

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.

Shenzhen United Winners Laser 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 )
	=	2440.586	/	728.003
	=	3.35

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.

Shenzhen United Winners Laser Co Inventory Turnover Related Terms

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Shenzhen United Winners Laser Co (SHSE:688518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen United Winners Laser Co Ltd (SHSE:688518) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3370 Liuxian Avenue, Taoyuan Street, 1203, Building 2, Chongwen Park, Nanshan Zhiyuan, Fuguang Community, Nanshan District, Guangdong Province, Shenzhen, CHN, 518055

Website

http://www.uwlaser.com

Shenzhen United Winners Laser Co Ltd is engaged in production and sales of precision laser welding machines and laser welding automation equipment. The company's laser welding machine and related automation is used in automobile, battery, consumer electronics, sensor, hardware & home appliance, optical communication, flat plate solar energy collectors, mold repair welding machine, laser welding for plastic, laser soldering & brazing, software, among others.

Executives

Zhou Hang	Core technical personnel
Lu Guo Jie	senior management
Qin Lei	senior management
Xie Qiang	senior management
Li Yi	senior management
Guo Zi Ran	senior management
Niu Zeng Qiang	Director
Han Jin Long	Director
Jia Song	Director

Shenzhen United Winners Laser Co (SHSE:688518) Headlines

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