Huizhou China Eagle Electronic Technology (SZSE:002579) Inventory Turnover : 1.06 (As of Mar. 2024)

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What is Huizhou China Eagle Electronic Technology 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. Huizhou China Eagle Electronic Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥600 Mil. Huizhou China Eagle Electronic Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥566 Mil. Huizhou China Eagle Electronic Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huizhou China Eagle Electronic Technology's Days Inventory for the three months ended in Mar. 2024 was 86.07.

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. Huizhou China Eagle Electronic Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.

Huizhou China Eagle Electronic Technology Inventory Turnover Historical Data

The historical data trend for Huizhou China Eagle Electronic Technology'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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Huizhou China Eagle Electronic Technology Inventory Turnover Chart

Huizhou China Eagle Electronic Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.49

4.29

4.04

3.99

3.72

Huizhou China Eagle Electronic Technology 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															0.86	1.00	0.95	1.00	1.06

Huizhou China Eagle Electronic Technology Inventory Turnover Calculation

Huizhou China Eagle Electronic Technology'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 )
=	2333.165	/ (	(654.571	+	598.215)	/	2 )
=	2333.165	/	626.393
=	3.72

Huizhou China Eagle Electronic Technology'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 )
=	599.93	/ (	(598.215	+	533.591)	/	2 )
=	599.93	/	565.903
=	1.06

Huizhou China Eagle Electronic Technology (SZSE:002579) 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.

Huizhou China Eagle Electronic Technology'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
	=	565.903	/	599.93	*	365 / 4
	=	86.07

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.

Huizhou China Eagle Electronic Technology'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 )
	=	565.903	/	662.178
	=	0.85

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.

Huizhou China Eagle Electronic Technology Inventory Turnover Related Terms

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Huizhou China Eagle Electronic Technology (SZSE:002579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huizhou China Eagle Electronic Technology Inc (SZSE:002579) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1 Zhongjing Road, Chenjiang Street, Zhongkai High-tech Zone, Guangdong Province, Huizhou, CHN

Website

http://www.ceepcb.com

Huizhou China Eagle Electronic Technology Co Ltd researches and develops, produces, and sells printed circuit boards (PCBs) in China and internationally. Its products include offers high-end multilayer, high-density interconnect, and flexible PCBs. The company's products are used in consumer electronics, network communications, computers, automotive electronics, security industrial controls, medical equipment and artificial intelligence systems, Internet of things, smart wears and AR / VR, drones.

Executives

Wang Qin Sheng	Executives
Yang Peng Fei	Directors, executives
Duan Lun Yong	Executives
Chen Ru Ping	Secretary Dong
Huang Ruo Lei	Securities Affairs Representative
Liu De Wei	Directors, executives
Yu Xiang Bin	Directors, Directors, and Executives
Yang Lin	Director

Huizhou China Eagle Electronic Technology (SZSE:002579) Headlines

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