Jiangsu Yinhe Electronics Co (SZSE:002519) Inventory Turnover : 0.19 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Jiangsu Yinhe Electronics 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. Jiangsu Yinhe Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥183 Mil. Jiangsu Yinhe Electronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥975 Mil. Jiangsu Yinhe Electronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Yinhe Electronics Co's Days Inventory for the three months ended in Mar. 2024 was 485.99.

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. Jiangsu Yinhe Electronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.43.

Jiangsu Yinhe Electronics Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Yinhe Electronics 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.

Jiangsu Yinhe Electronics Co Inventory Turnover Chart

Jiangsu Yinhe Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.53

1.72

1.30

1.31

0.87

Jiangsu Yinhe Electronics 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															0.29	0.25	0.22	0.20	0.19

Jiangsu Yinhe Electronics Co Inventory Turnover Calculation

Jiangsu Yinhe Electronics 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 )
=	700.961	/ (	(606.269	+	1006.493)	/	2 )
=	700.961	/	806.381
=	0.87

Jiangsu Yinhe Electronics 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 )
=	183.05	/ (	(1006.493	+	943.325)	/	2 )
=	183.05	/	974.909
=	0.19

Jiangsu Yinhe Electronics Co (SZSE:002519) 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.

Jiangsu Yinhe Electronics 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
	=	974.909	/	183.05	*	365 / 4
	=	485.99

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.

Jiangsu Yinhe Electronics 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 )
	=	974.909	/	284.479
	=	3.43

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.

Jiangsu Yinhe Electronics Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Jiangsu Yinhe Electronics Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Yinhe Electronics Co (SZSE:002519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu Yinhe Electronics Co Ltd (SZSE:002519) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 188 NanHuan Road, TangQiao Town, ZhangJiaGang City, JiangSu Province, CHN, 215611

Website

http://www.yinhe.com

Jiangsu Yinhe Electronics Co Ltd engages in the military, new energy vehicle, and precision sheet metal businesses in China and internationally. The company offers new-energy electric vehicle (EV) products, including intelligent chargers for electric cars; electric scroll compressors; and precision sheet metal products, including power battery boxes for EVs, solar power inverters, high/low voltage transmission and distribution equipment.

Executives

Wu Jian Ming	Directors, executives
Xu Min	Executives
Wu Gang	Directors, executives
Lin Chao	Director
Zhang Jia Tao	Supervisors
Zhang Jia Shu	Executives
Zhang Yong Jun	Independent director
Wang Chun Ya	Supervisors
Zhang Hong	Directors, executives
Xu Ge	Securities Affairs Representative
Pang Ying	Director
Xue Li Jun	Directors, executives
Zhang Shu Hua	Supervisors
Li Xin	Executives
Bai Xiao Min	Director

Jiangsu Yinhe Electronics Co (SZSE:002519) Headlines

No Headlines