Suofeiya Home Collection Co (SZSE:002572) Inventory Turnover : 2.52 (As of Mar. 2024)

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What is Suofeiya Home Collection 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. Suofeiya Home Collection Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,422 Mil. Suofeiya Home Collection Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥564 Mil. Suofeiya Home Collection Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suofeiya Home Collection Co's Days Inventory for the three months ended in Mar. 2024 was 36.21.

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. Suofeiya Home Collection Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

Suofeiya Home Collection Co Inventory Turnover Historical Data

The historical data trend for Suofeiya Home Collection 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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Suofeiya Home Collection Co Inventory Turnover Chart

Suofeiya Home Collection Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.01

12.74

11.27

10.92

12.41

Suofeiya Home Collection 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															2.01	3.38	3.97	3.91	2.52

Suofeiya Home Collection Co Inventory Turnover Calculation

Suofeiya Home Collection 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 )
=	7447.998	/ (	(636.437	+	563.837)	/	2 )
=	7447.998	/	600.137
=	12.41

Suofeiya Home Collection 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 )
=	1422.404	/ (	(563.837	+	564.971)	/	2 )
=	1422.404	/	564.404
=	2.52

Suofeiya Home Collection Co (SZSE:002572) 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.

Suofeiya Home Collection 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
	=	564.404	/	1422.404	*	365 / 4
	=	36.21

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.

Suofeiya Home Collection 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 )
	=	564.404	/	2111.108
	=	0.27

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.

Suofeiya Home Collection Co Inventory Turnover Related Terms

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Suofeiya Home Collection Co (SZSE:002572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Suofeiya Home Collection Co Ltd (SZSE:002572) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Ningxi Industrial Park, Xintang Town, Zengcheng District, Guangdong Province, Guangzhou, CHN, 511358

Website

https://www.sfygroup.com/

Suofeiya Home Collection Co Ltd is a China-based company, engaged in manufacturing, development, and sale of customized wardrobes and other related furniture. It is also involved in providing other professional services such as design and installation in a timely manner.

Executives

Ke Jian Sheng	Director
Pan Wen Shan	Secretary, Director
Wang Biao	Directors, executives
Jiang Gan Jun	Director
Chen Guo Wei	Executives
Chen Jian Zhong	Executives
Chen Man Qi	Securities Affairs Representative
Zhang Ting	Executives
Chen Ming	Directors, executives

Suofeiya Home Collection Co (SZSE:002572) Headlines

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