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Macmic Science & Technology Co (SHSE:688711) Inventory Turnover : 0.43 (As of Mar. 2024)


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What is Macmic Science & Technology 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. Macmic Science & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥207 Mil. Macmic Science & Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥479 Mil. Macmic Science & Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Macmic Science & Technology Co's Days Inventory for the three months ended in Mar. 2024 was 210.71.

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. Macmic Science & Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.94.


Macmic Science & Technology Co Inventory Turnover Historical Data

The historical data trend for Macmic Science & Technology 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.

* Premium members only.

Macmic Science & Technology Co Inventory Turnover Chart

Macmic Science & Technology Co Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 2.84 3.57 3.94 3.39

Macmic Science & Technology Co Quarterly Data
Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 1.00 0.70 0.61 0.43

Macmic Science & Technology Co Inventory Turnover Calculation

Macmic Science & Technology 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 )
=1170.971 / ((229.162 + 462.538) / 2 )
=1170.971 / 345.85
=3.39

Macmic Science & Technology 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 )
=207.303 / ((462.538 + 494.872) / 2 )
=207.303 / 478.705
=0.43

* 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.


Macmic Science & Technology Co  (SHSE:688711) 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.

Macmic Science & Technology 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
=478.705/207.303*365 / 4
=210.71

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.

Macmic Science & Technology 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 )
=478.705 / 246.424
=1.94

* 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.


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.


Macmic Science & Technology Co Inventory Turnover Related Terms

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Macmic Science & Technology Co (SHSE:688711) Business Description

Traded in Other Exchanges
N/A
Address
18 Huashan Middle Road,, Jiangsu Province, Changzhou, CHN, 213022
Macmic Science & Technology Co Ltd is engaged in the design, research and development, production and sales of power semiconductor chips, single tubes, modules and power modules based on IGBT and FRED.
Executives
Yu Yi Zhang Core technical personnel
Xu Chun Feng senior management
Li Si Ping Director
Chang Dong Lai senior management
Ding Zi Wen Directors, senior managers
Liu Li Feng Directors, senior managers
Wang Xiao Bao Senior management, core technical personnel

Macmic Science & Technology Co (SHSE:688711) Headlines

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