Elec-tech International Co (SZSE:002005) Inventory Turnover : 1.63 (As of Mar. 2025)

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What is Elec-tech International 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. Elec-tech International Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥125.9 Mil. Elec-tech International Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥77.2 Mil. Elec-tech International Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elec-tech International Co's Days Inventory for the three months ended in Mar. 2025 was 55.99.

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. Elec-tech International Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.51.

Elec-tech International Co Inventory Turnover Historical Data

The historical data trend for Elec-tech International 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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Elec-tech International Co Inventory Turnover Chart

Elec-tech International Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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5.36

6.00

5.78

6.98

7.37

Elec-tech International Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															1.52	1.75	1.91	2.05	1.63

Elec-tech International Co Inventory Turnover Calculation

Elec-tech International Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	613.569	/ (	(85.59	+	80.816)	/	2 )
=	613.569	/	83.203
=	7.37

Elec-tech International Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	125.881	/ (	(80.816	+	73.671)	/	2 )
=	125.881	/	77.2435
=	1.63

Elec-tech International Co (SZSE:002005) 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.

Elec-tech International Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	77.2435	/	125.881	*	365 / 4
	=	55.99

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.

Elec-tech International Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	77.2435	/	150.197
	=	0.51

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.

Elec-tech International Co Inventory Turnover Related Terms

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Elec-tech International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elec-tech International Co Ltd (SZSE:002005) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1 Jinfeng Road, Tangjiawan Town, Xiangzhou District, Guangdong Province, Zhuhai, CHN, 519085

Website

http://www.electech.com.cn

Elec-tech International Co Ltd is mainly engaged in research, development, manufacture, and sales of small household electrical appliances and LED products. It offers small appliances and LED related products such as LED illumination, LED display, LED part and LED chip under the ETi brand.

Executives

Ji Xue Bin	Directors, executives
Li Ting Hong	Supervisors
Yang Hong	Supervisors
Deng Fei	Directors, executives
Zhang Gang	Executives
Yang Yan	Director
Hu Zhang Shun	Director
Cui Hai Long	Director

Elec-tech International Co Headlines

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