Iflytek Co (SZSE:002230) Inventory Turnover : 0.93 (As of Mar. 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 Mar. 2024 was ¥2,258 Mil. Iflytek Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,416 Mil. Iflytek Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.93.

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 Mar. 2024 was 97.63.

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 Mar. 2024 was 0.66.

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.

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Iflytek Co Inventory Turnover Chart

Iflytek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.66

3.89

4.48

4.31

4.34

Iflytek 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															0.60	1.08	1.06	1.46	0.93

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 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 )
=	2258.327	/ (	(2458.968	+	2373.452)	/	2 )
=	2258.327	/	2416.21
=	0.93

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 Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2416.21	/	2258.327	*	365 / 4
	=	97.63

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 Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2416.21	/	3646.215
	=	0.66

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 (SZSE:002230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Iflytek Co Ltd (SZSE:002230) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

National Intelligent Speech High-tech Industrialization Base, No. 666, Wangjiang Road West, Anhui Province, Hefei, CHN, 230088

Website

http://www.iflytek.com

Iflytek Co Ltd is a software enterprise, which is dedicated towards research of intelligent speech and language technologies. The speech technologies comprise speech synthesis and speech recognition to enable human-machine speech communication as convenient as human-human communication. In addition, the speech technologies also include oral language evaluation, speech coding, timbre transformation and noise reduction.

Executives

Liu Qing Feng	Director
Shu Hua Ying	Independent director
Hu Yu	Directors, executives
Chen Tao	Directors, executives
Wu Xiao Ru	Directors, executives
Jiang Tao	Directors, executives
Nie Xiao Lin	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 (SZSE:002230) Headlines

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