Guangzhou Anyka Microelectronics Co (SHSE:688620) Inventory Turnover : 0.51 (As of Mar. 2024)

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What is Guangzhou Anyka Microelectronics 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. Guangzhou Anyka Microelectronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥88.6 Mil. Guangzhou Anyka Microelectronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥173.6 Mil. Guangzhou Anyka Microelectronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Anyka Microelectronics Co's Days Inventory for the three months ended in Mar. 2024 was 178.78.

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. Guangzhou Anyka Microelectronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.57.

Guangzhou Anyka Microelectronics Co Inventory Turnover Historical Data

The historical data trend for Guangzhou Anyka Microelectronics 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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Guangzhou Anyka Microelectronics Co Inventory Turnover Chart

Guangzhou Anyka Microelectronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

7.50

7.01

6.71

2.77

2.48

Guangzhou Anyka Microelectronics Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial								0.41	0.47	0.52	0.84	0.51

Guangzhou Anyka Microelectronics Co Inventory Turnover Calculation

Guangzhou Anyka Microelectronics 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 )
=	424.917	/ (	(182.725	+	160.47)	/	2 )
=	424.917	/	171.5975
=	2.48

Guangzhou Anyka Microelectronics 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 )
=	88.616	/ (	(160.47	+	186.76)	/	2 )
=	88.616	/	173.615
=	0.51

Guangzhou Anyka Microelectronics Co (SHSE:688620) 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.

Guangzhou Anyka Microelectronics 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
	=	173.615	/	88.616	*	365 / 4
	=	178.78

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.

Guangzhou Anyka Microelectronics 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 )
	=	173.615	/	110.824
	=	1.57

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.

Guangzhou Anyka Microelectronics Co Inventory Turnover Related Terms

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Guangzhou Anyka Microelectronics Co (SHSE:688620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Guangzhou Anyka Microelectronics Co Ltd (SHSE:688620) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 107, Bowen Road, Anyka H Building, Huangpu, Guangdong, Guangzhou, CHN, 510555

Website

http://www.anyka.com

Guangzhou Anyka Microelectronics Co Ltd is engaged in research & development, design, final testing and sales of IoT smart hardware core SoC chips. It is a leading fabless IC design house that designs and sells the core ICs for IoT (Internet of Things) intelligent hardware. The major products include high definition H.264/H.265 encoder SoC ICs for the IoT camera, Bluetooth (2.0/4.2) SoC ICs for speaker/headset, etc., as well as the application processor (AP) ICs for biometric authentication (e.g. fingerprint/face recognition lock or access control device), smart home, education product, etc.

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