Shanghai Hi-Tech Control System Co (SZSE:002184) Inventory Turnover : 0.39 (As of Mar. 2024)

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What is Shanghai Hi-Tech Control System 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. Shanghai Hi-Tech Control System Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥381 Mil. Shanghai Hi-Tech Control System Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥983 Mil. Shanghai Hi-Tech Control System Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Hi-Tech Control System Co's Days Inventory for the three months ended in Mar. 2024 was 235.15.

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. Shanghai Hi-Tech Control System Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.06.

Shanghai Hi-Tech Control System Co Inventory Turnover Historical Data

The historical data trend for Shanghai Hi-Tech Control System 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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Shanghai Hi-Tech Control System Co Inventory Turnover Chart

Shanghai Hi-Tech Control System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.59

6.81

7.47

5.50

4.09

Shanghai Hi-Tech Control System 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															0.97	1.13	0.78	0.89	0.39

Shanghai Hi-Tech Control System Co Inventory Turnover Calculation

Shanghai Hi-Tech Control System 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 )
=	2938.123	/ (	(493.984	+	944.093)	/	2 )
=	2938.123	/	719.0385
=	4.09

Shanghai Hi-Tech Control System 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 )
=	381.296	/ (	(944.093	+	1021.135)	/	2 )
=	381.296	/	982.614
=	0.39

Shanghai Hi-Tech Control System Co (SZSE:002184) 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.

Shanghai Hi-Tech Control System 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
	=	982.614	/	381.296	*	365 / 4
	=	235.15

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.

Shanghai Hi-Tech Control System 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 )
	=	982.614	/	477.797
	=	2.06

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.

Shanghai Hi-Tech Control System Co Inventory Turnover Related Terms

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Shanghai Hi-Tech Control System Co (SZSE:002184) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Hi-Tech Control System Co Ltd (SZSE:002184) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 900 Yishan Road, Science and Technology Development Building, Block B, 17F, Shanghai, Shanghai, CHN, 200233

Website

http://www.hite.com.cn

Shanghai Hi-Tech Control System Co Ltd operates in the field of industry informatization and automation. The company provides industry users with informatization and intelligentization control products, electric automation and informatization products. Its products offering include a wind turbine converter, industrial control products and systems, industrial network products, and power electric products.

Executives

Zhao Da Di	Director
Guo Meng Rong	Directors, executives
Xu Hong	Director
Wu Qiu Nong	Directors, executives
Lu Wen Jing	Supervisors
He Yong Jun	Executives
Hu Yu	Executives, directors
Shi Chao Zhu	Director
Zhang Zhe Zhi	Executives
Wang Xiao Bo	Supervisors
Wu Huan Qun	Supervisors
Fang Jian	Director
Sheng Ya Ping	Supervisors

Shanghai Hi-Tech Control System Co (SZSE:002184) Headlines

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