SunCorp Technologies (SunCorp Technologies) Inventory Turnover : 3.68 (As of Dec. 2023)

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What is SunCorp Technologies 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. SunCorp Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was $2.19 Mil. SunCorp Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.59 Mil. SunCorp Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SunCorp Technologies's Days Inventory for the six months ended in Dec. 2023 was 49.55.

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. SunCorp Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

SunCorp Technologies Inventory Turnover Historical Data

The historical data trend for SunCorp Technologies'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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SunCorp Technologies Inventory Turnover Chart

SunCorp Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.55

11.32

SunCorp Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															23.01	19.11	13.53	6.93	3.68

SunCorp Technologies Inventory Turnover Calculation

SunCorp Technologies'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 )
=	6.542	/ (	(0.611	+	0.545)	/	2 )
=	6.542	/	0.578
=	11.32

SunCorp Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2.186	/ (	(0.642	+	0.545)	/	2 )
=	2.186	/	0.5935
=	3.68

SunCorp Technologies (OTCPK:SUNTF) 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.

SunCorp Technologies's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.5935	/	2.186	*	365 / 2
	=	49.55

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.

SunCorp Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.5935	/	3.266
	=	0.18

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.

SunCorp Technologies Inventory Turnover Related Terms

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SunCorp Technologies (SunCorp Technologies) Business Description

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01063:Hong Kong

Address

99 Queen’s Road Central, Unit 2305, 23rd Floor, The Center, Hong Kong, HKG

Website

http://www.suncorptech.com.hk

SunCorp Technologies Ltd is engaged in sales and marketing of residential telephone and related products, computer-related components, securities brokerage, placing and underwriting, money lending, and B2B cross-border e-commerce. Its operating segments are; Sales of telephones and related components; Processing and trading of used computer-related components; Money lending services; Provision of securities brokerage, placing and underwriting services, and Sales of clothes and beauty products. Geographically it operates in PRC (including Hong Kong); India; Indonesia; USA; and Others, with the majority of the revenue deriving from the PRC (including Hong Kong).

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