UniTTEC Co (SZSE:000925) Inventory Turnover : 0.59 (As of Mar. 2024)

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What is UniTTEC 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. UniTTEC Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥185 Mil. UniTTEC Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥316 Mil. UniTTEC Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. UniTTEC Co's Days Inventory for the three months ended in Mar. 2024 was 155.43.

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. UniTTEC Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.25.

UniTTEC Co Inventory Turnover Historical Data

The historical data trend for UniTTEC 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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UniTTEC Co Inventory Turnover Chart

UniTTEC Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.04

4.79

6.86

7.00

5.91

UniTTEC 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															0.91	0.87	1.18	1.75	0.59

UniTTEC Co Inventory Turnover Calculation

UniTTEC 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 )
=	1645.681	/ (	(264.443	+	292.455)	/	2 )
=	1645.681	/	278.449
=	5.91

UniTTEC 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 )
=	185.229	/ (	(292.455	+	338.566)	/	2 )
=	185.229	/	315.5105
=	0.59

UniTTEC Co (SZSE:000925) 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.

UniTTEC 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
	=	315.5105	/	185.229	*	365 / 4
	=	155.43

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.

UniTTEC 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 )
	=	315.5105	/	252.532
	=	1.25

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.

UniTTEC Co Inventory Turnover Related Terms

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UniTTEC Co (SZSE:000925) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » UniTTEC Co Ltd (SZSE:000925) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1785 Jianghan Road, The 17th Floor of Number 4 Building, Binjiang District, Hangzhou, CHN, 310051

Website

http://www.unittec.com

UniTTEC Co Ltd is a China-based company involved in the manufacturing of semiconductors. Its main products include polished mono-crystalline silicon wafers and mono-crystalline silicon grinding disc for integrated circuits and discrete devices; silicon wafer and power switch tube among others. The company is also involved in Water treatment, Smart Lighting, and Rail Transit businesses.

Executives

Pan Li Chun	Director
Luo Jian Qiang	Executives
Bian Jin Fei	Executives
He Hao	Executives
Lou Hong Hai	Directors, executives
Zhao Qin	Directors, executives
Tang Xin Liang	Director
Ling Zhu Jun	Executives
Wang Zhen Yu	Executives
Shi Xiu Xia	Executives
Li Jun	Directors, executives
Lu Xi Wei	Executives
Pan Rong	Executives
Chen Jun	Directors, executives
Jiang Xiang Yang	Executives

UniTTEC Co (SZSE:000925) Headlines

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