Xiamen Xinde Co (SZSE:000701) Inventory Turnover : 3.21 (As of Mar. 2024)

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What is Xiamen Xinde 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. Xiamen Xinde Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥12,556 Mil. Xiamen Xinde Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,914 Mil. Xiamen Xinde Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiamen Xinde Co's Days Inventory for the three months ended in Mar. 2024 was 28.45.

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. Xiamen Xinde Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Xiamen Xinde Co Inventory Turnover Historical Data

The historical data trend for Xiamen Xinde 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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Xiamen Xinde Co Inventory Turnover Chart

Xiamen Xinde Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.16

20.55

43.31

38.90

25.96

Xiamen Xinde 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															5.69	3.80	4.25	4.36	3.21

Xiamen Xinde Co Inventory Turnover Calculation

Xiamen Xinde 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 )
=	70838.302	/ (	(2425.294	+	3031.555)	/	2 )
=	70838.302	/	2728.4245
=	25.96

Xiamen Xinde 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 )
=	12556	/ (	(3031.555	+	4796.969)	/	2 )
=	12556	/	3914.262
=	3.21

Xiamen Xinde Co (SZSE:000701) 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.

Xiamen Xinde 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
	=	3914.262	/	12556	*	365 / 4
	=	28.45

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.

Xiamen Xinde 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 )
	=	3914.262	/	12881.464
	=	0.30

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.

Xiamen Xinde Co Inventory Turnover Related Terms

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Xiamen Xinde Co (SZSE:000701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Xinde Co Ltd (SZSE:000701) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Xinhong Building, 2F, Huli District, Xiamen, Fujian, CHN, 361006

Website

http://www.xindeco.com

Xiamen Xinde Co Ltd focuses on the Electronic Information industry and has built the industry framework with several pillar businesses covering Ultra-high Brightness LED Packaging, application development, and production, electronic labels, as well as development and production of security products.

Executives

Huang Jun Feng	Executives
Fu Ben Sheng	Directors, executives
Wang Ming Cheng	Directors, executives
Chen Ge	Executives
Ceng Ting Yi	Director
Jiang Feng	Executives
Chen Hong	Secretary, Director
Wang Xiao Shun	Supervisors
Hong Shuang Hua	Supervisors
Du Shao Hua	Directors, executives
Fan Dan	Executives
Zhou Kun Shan	Director
Tong Jin Zhi	Director
Wang Mei Ling	Supervisors, within half a year of separation
Huang Li Hong	Directors, executives

Xiamen Xinde Co (SZSE:000701) Headlines

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