Konka Group Co (SZSE:000016) Inventory Turnover : 0.67 (As of Mar. 2024)

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What is Konka Group 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. Konka Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,285 Mil. Konka Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,391 Mil. Konka Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Konka Group Co's Days Inventory for the three months ended in Mar. 2024 was 135.44.

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. Konka Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.38.

Konka Group Co Inventory Turnover Historical Data

The historical data trend for Konka Group 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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Konka Group Co Inventory Turnover Chart

Konka Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.66

9.68

11.04

6.79

4.48

Konka Group 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															0.95	1.17	0.94	0.75	0.67

Konka Group Co Inventory Turnover Calculation

Konka Group 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 )
=	17149.036	/ (	(4409.768	+	3249.898)	/	2 )
=	17149.036	/	3829.833
=	4.48

Konka Group 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 )
=	2284.832	/ (	(3249.898	+	3532.976)	/	2 )
=	2284.832	/	3391.437
=	0.67

Konka Group Co (SZSE:000016) 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.

Konka Group 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
	=	3391.437	/	2284.832	*	365 / 4
	=	135.44

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.

Konka Group 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 )
	=	3391.437	/	2462.543
	=	1.38

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.

Konka Group Co Inventory Turnover Related Terms

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Konka Group Co (SZSE:000016) Business Description

Industry

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Traded in Other Exchanges

200016:China

Address

28 Keji South Twelfth Road, Yuehai Street, 15-24th Floor, Konka R&D Center, Science and Technology Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.konka.com

Konka Group Co Ltd operates in the consumer electronics industry of China. The company sells its goods primarily in China, but a portion of its sales are from overseas markets. Most of its revenue is derived from the business-to-business sale of various color TV models including Smart TVs, LED TVs, 4K TVs, and OLED TVs. Its secondary source of revenue is obtained from the manufacture and sale of mobile phones and appliances such as refrigerators, washing machines, air conditioners, and freezers. The Konka Group also develops and maintains software technologies, produces and distributes molds and plastic products, and provides digital network products.

Executives

Zhou Bin	Executives
Zhang Guang Hui	Supervisors
Huo Jun	Director

Konka Group Co (SZSE:000016) Headlines

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