Wuhan Yifi Laser (SHSE:688646) Inventory Turnover : 0.18 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Wuhan Yifi Laser 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. Wuhan Yifi Laser's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥74.3 Mil. Wuhan Yifi Laser's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥405.8 Mil. Wuhan Yifi Laser's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuhan Yifi Laser's Days Inventory for the three months ended in Mar. 2024 was 498.32.

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. Wuhan Yifi Laser's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.40.

Wuhan Yifi Laser Inventory Turnover Historical Data

The historical data trend for Wuhan Yifi Laser'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.

* Premium members only.

Wuhan Yifi Laser Inventory Turnover Chart

Wuhan Yifi Laser Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

0.42

0.59

1.05

1.07

1.13

Wuhan Yifi Laser Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial								0.18	0.30	0.24	0.36	0.18

Wuhan Yifi Laser Inventory Turnover Calculation

Wuhan Yifi Laser'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 )
=	468.988	/ (	(424.527	+	403.679)	/	2 )
=	468.988	/	414.103
=	1.13

Wuhan Yifi Laser'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 )
=	74.312	/ (	(403.679	+	407.955)	/	2 )
=	74.312	/	405.817
=	0.18

Wuhan Yifi Laser (SHSE:688646) 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.

Wuhan Yifi Laser'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
	=	405.817	/	74.312	*	365 / 4
	=	498.32

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.

Wuhan Yifi Laser'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 )
	=	405.817	/	119.448
	=	3.40

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.

Wuhan Yifi Laser Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Wuhan Yifi Laser's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Wuhan Yifi Laser (SHSE:688646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan Yifi Laser Corp Ltd (SHSE:688646) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999 Gaoxin Avenue, Room 1101, Building C1, Phase I, Longshan Innovation Park, Wuhan Future Science and Technology City, East Lake High-tech Development Zone, Hubei, Wuhan, CHN, 430000

Website

http://www.yifilaser.com

Wuhan Yifi Laser Corp Ltd is engaged in Research and development, design, production and sales of precision laser processing intelligent equipment.

Wuhan Yifi Laser (SHSE:688646) Headlines

No Headlines