Shenzhen Topband Co (SZSE:002139) Inventory Turnover : 1.00 (As of Mar. 2024)

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What is Shenzhen Topband 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. Shenzhen Topband Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,770 Mil. Shenzhen Topband Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,762 Mil. Shenzhen Topband Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Topband Co's Days Inventory for the three months ended in Mar. 2024 was 90.82.

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. Shenzhen Topband Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.76.

Shenzhen Topband Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Topband 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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Shenzhen Topband Co Inventory Turnover Chart

Shenzhen Topband Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.36

5.16

3.71

3.39

3.83

Shenzhen Topband 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															0.78	0.95	0.91	1.18	1.00

Shenzhen Topband Co Inventory Turnover Calculation

Shenzhen Topband 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 )
=	6986.324	/ (	(1992.952	+	1653.817)	/	2 )
=	6986.324	/	1823.3845
=	3.83

Shenzhen Topband 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 )
=	1769.823	/ (	(1653.817	+	1869.265)	/	2 )
=	1769.823	/	1761.541
=	1.00

Shenzhen Topband Co (SZSE:002139) 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.

Shenzhen Topband 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
	=	1761.541	/	1769.823	*	365 / 4
	=	90.82

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.

Shenzhen Topband 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 )
	=	1761.541	/	2318.132
	=	0.76

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.

Shenzhen Topband Co Inventory Turnover Related Terms

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Shenzhen Topband Co (SZSE:002139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Topband Co Ltd (SZSE:002139) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Keji Second Road, Topband Industrial Park, Tangtou Avenue, Shiyan Subdistrict, Baoan District, Guangdong, Shenzhen, CHN, 518108

Website

http://www.topband.com.cn

Shenzhen Topband Co Ltd is engaged in the manufacturing of intelligent controller solutions, high-efficient motors, and lithium batteries for the household appliance, power tools industry, and technology-related markets.

Executives

Xiang Wei	Executives
Wen Chao Hui	Directors, executives
Ji Shu Hai	Director
Peng Gan Quan	Directors, executives
Wu Yong Qiang	Directors, executives
Chen De Jian	Securities Affairs Representative
Chen Jin Zhou	Supervisors
Yao Xiao Cong	Independent director
Zheng Si Bin	Directors, executives
Ma Wei	Directors, executives
Dai Hui Juan	Supervisors
Zhou Biao	Supervisors
Li Rang	Directors, executives
Dai Xin	Director
Wan Fei	Supervisors

Shenzhen Topband Co (SZSE:002139) Headlines

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