Shenzhen Zowee Tech Co (SZSE:002369) Inventory Turnover : 3.15 (As of Mar. 2024)

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What is Shenzhen Zowee Tech 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 Zowee Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥413 Mil. Shenzhen Zowee Tech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥131 Mil. Shenzhen Zowee Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Zowee Tech Co's Days Inventory for the three months ended in Mar. 2024 was 28.99.

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 Zowee Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.31.

Shenzhen Zowee Tech Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Zowee Tech 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 Zowee Tech Co Inventory Turnover Chart

Shenzhen Zowee Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.74

13.00

16.33

16.15

13.47

Shenzhen Zowee Tech 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															3.44	4.77	3.73	1.02	3.15

Shenzhen Zowee Tech Co Inventory Turnover Calculation

Shenzhen Zowee Tech 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 )
=	1586.681	/ (	(97.809	+	137.851)	/	2 )
=	1586.681	/	117.83
=	13.47

Shenzhen Zowee Tech 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 )
=	412.893	/ (	(137.851	+	124.518)	/	2 )
=	412.893	/	131.1845
=	3.15

Shenzhen Zowee Tech Co (SZSE:002369) 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 Zowee Tech 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
	=	131.1845	/	412.893	*	365 / 4
	=	28.99

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 Zowee Tech 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 )
	=	131.1845	/	421.014
	=	0.31

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 Zowee Tech Co Inventory Turnover Related Terms

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Shenzhen Zowee Tech Co (SZSE:002369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Zowee Tech Co Ltd (SZSE:002369) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.5 Zowee Technology Building, Science and Technology Industrial Park, Pingshan, Xili, Nanshan district, Shenzhen, CHN, 518055

Website

http://www.zowee.com.cn

Shenzhen Zowee Tech Co Ltd is engaged in the research, development, manufacture, and sale of networking and communication products, consumer digital products, and handset products in the People's Republic of China and internationally. Its product portfolio includes repeaters, routers, Bluetooth modules, Wifi modules, display solution, doorbell cameras, tablets, mobiles, laptops, and other products. The products offered by the company have applications in the fields of a mobile terminal, network communication, intelligent home, wearable, automation and consumer product.

Executives

Bai Hou Shan	Director
Yuan You Jun	Independent director
Wei Dai Ying	Directors, Directors, and Executives
Chen Xin Min	Directors, executives
Dong Hai Jun	Director
Chen Wei	Executives
Hu Ai Wu	Supervisors
Xia Chuan Wu	Directors, executives
Cheng Li	Directors, executives

Shenzhen Zowee Tech Co (SZSE:002369) Headlines

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