Sunsea AIot Technology Co (SZSE:002313) Inventory Turnover : 1.53 (As of Dec. 2024)

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What is Sunsea AIot Technology 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. Sunsea AIot Technology Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ¥561 Mil. Sunsea AIot Technology Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ¥366 Mil. Sunsea AIot Technology Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sunsea AIot Technology Co's Days Inventory for the three months ended in Dec. 2024 was 59.58.

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. Sunsea AIot Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.55.

Sunsea AIot Technology Co Inventory Turnover Historical Data

The historical data trend for Sunsea AIot Technology 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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Sunsea AIot Technology Co Inventory Turnover Chart

Sunsea AIot Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.36

4.16

3.26

4.10

6.49

Sunsea AIot Technology Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.49	1.73	1.69	1.48	1.53

Sunsea AIot Technology Co Inventory Turnover Calculation

Sunsea AIot Technology Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	2452.052	/ (	(394.02	+	361.322)	/	2 )
=	2452.052	/	377.671
=	6.49

Sunsea AIot Technology Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	560.799	/ (	(370.955	+	361.322)	/	2 )
=	560.799	/	366.1385
=	1.53

Sunsea AIot Technology Co (SZSE:002313) 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.

Sunsea AIot Technology Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	366.1385	/	560.799	*	365 / 4
	=	59.58

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.

Sunsea AIot Technology Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	366.1385	/	664.934
	=	0.55

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.

Sunsea AIot Technology Co Inventory Turnover Related Terms

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Sunsea AIot Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunsea AIot Technology Co Ltd (SZSE:002313) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198, Daxin Road, 17th Floor, Majialong Innovation Building, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.sunseagroup.com

Sunsea AIot Technology Co Ltd is engaged in providing end-to-end Internet of Things (IoT) products and services to global customers. The group offers services to telecom operators, ICT equipment vendors, system integrators, and enterprise customers. The solution and products offered by the company includes IoT terminals, IoT cloud platforms, IoT multi-industry solutions, communications network infrastructure and communications services. geographically it holds research and development centers in China major cities such as Shenzhen, Shanghai and Xi'an, and has sales outlets in domestic capital cities and in Sweden, Italy, Thailand, and other countries.

Executives

Luo Xiao Yan	Executives
Yuan Shu	Executives
Fang Ling Ling	Securities Affairs Representative
Peng Jian	Director
He Mei Qin	Executives
Li Wei	Directors, Directors, and Executives
Liu Ping	Director
Meng Xiang Yun	Supervisors
Wu Yong Ping	Secretary, Director
Chen Xu Hong	Director
Dong Wei	Independent director
Zhou Zhan Hong	Director
Wang Yan	Supervisors

Sunsea AIot Technology Co Headlines

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