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Iflytek Co (SZSE:002230) Inventory Turnover : 1.34 (As of Sep. 2024)


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What is Iflytek 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. Iflytek Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥3,265 Mil. Iflytek Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥2,431 Mil. Iflytek Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iflytek Co's Days Inventory for the three months ended in Sep. 2024 was 67.95.

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. Iflytek Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.44.


Iflytek Co Inventory Turnover Historical Data

The historical data trend for Iflytek 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.

Iflytek Co Inventory Turnover Chart

Iflytek Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.66 3.89 4.48 4.31 4.34

Iflytek Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.06 1.46 0.93 1.43 1.34

Iflytek Co Inventory Turnover Calculation

Iflytek 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 )
=11266.546 / ((2729.105 + 2458.968) / 2 )
=11266.546 / 2594.0365
=4.34

Iflytek Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover (Q: Sep. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2024 ) / ((Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=3265.271 / ((2271.085 + 2591.604) / 2 )
=3265.271 / 2431.3445
=1.34

* 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.


Iflytek Co  (SZSE:002230) 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.

Iflytek Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=2431.3445/3265.271*365 / 4
=67.95

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.

Iflytek Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=2431.3445 / 5524.992
=0.44

* 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.


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.


Iflytek Co Inventory Turnover Related Terms

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Iflytek Co Business Description

Traded in Other Exchanges
N/A
Address
No. 666, Wangjiang Road West, National Intelligent Speech High-tech Industrializ, Anhui Province, Hefei, CHN, 230088
Iflytek Co Ltd is a China-based company, principally engaged in the software and information technology (IT) service businesses. The company's business includes intelligent application systems, software for voice and speech recognition and conversion, computer software design service, and computer programming service.
Executives
Wu Xiao Ru Directors, executives
Jiang Tao Directors, executives
Nie Xiao Lin Directors, executives
Liu Qing Feng Director
Shu Hua Ying Independent director
Hu Yu Directors, executives
Chen Tao Directors, executives
Du Lan Executives
Zhang Shao Bing Executives
Zhang Lan Supervisors
Zhao Hui Fang Independent director
Xu Yu Lin Supervisors
Yan Jun Supervisors
Li Jian Independent director
Yang Rui Securities Affairs Representative

Iflytek Co Headlines

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