Miracle Automation Engineering Co (SZSE:002009) Inventory Turnover : 0.72 (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Miracle Automation Engineering 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. Miracle Automation Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥547 Mil. Miracle Automation Engineering Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥754 Mil. Miracle Automation Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Miracle Automation Engineering Co's Days Inventory for the three months ended in Mar. 2024 was 125.89.

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. Miracle Automation Engineering Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.16.

Miracle Automation Engineering Co Inventory Turnover Historical Data

The historical data trend for Miracle Automation Engineering 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.

* Premium members only.

Miracle Automation Engineering Co Inventory Turnover Chart

Miracle Automation Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.78

3.52

3.09

2.94

3.22

Miracle Automation Engineering 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															0.61	0.85	0.94	0.92	0.72

Miracle Automation Engineering Co Inventory Turnover Calculation

Miracle Automation Engineering 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 )
=	3361.012	/ (	(1359.119	+	729.891)	/	2 )
=	3361.012	/	1044.505
=	3.22

Miracle Automation Engineering 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 )
=	546.506	/ (	(729.891	+	778.02)	/	2 )
=	546.506	/	753.9555
=	0.72

Miracle Automation Engineering Co (SZSE:002009) 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.

Miracle Automation Engineering 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
	=	753.9555	/	546.506	*	365 / 4
	=	125.89

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.

Miracle Automation Engineering 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 )
	=	753.9555	/	649.545
	=	1.16

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.

Miracle Automation Engineering Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Miracle Automation Engineering Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Miracle Automation Engineering Co (SZSE:002009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miracle Automation Engineering Co Ltd (SZSE:002009) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 288 Luojing Road, Luoshe town, Huishan District, Jiangsu Province, Wuxi, CHN

Website

http://www.chinaconveyor.com

Miracle Automation Engineering Co Ltd is engaged in the design, manufacture, and installation of logistics systems, optical electromechanical integration projects, and a wind power generator in China.

Executives

Li Ming Bo	Executives
Zhang Yu Xing	Secretary, Director
Shen Xian Feng	Executives
Shen Bao Wei	Directors, executives
	Directors, executives
Chou Xue Qin	Executives
Li Feng Bao	Supervisors
Bai Kai Jun	Director
Yang Lei	Directors, executives
Zhang Yuan Xing	Supervisors

Miracle Automation Engineering Co (SZSE:002009) Headlines

No Headlines