Simei Media Co (SZSE:002712) Inventory Turnover : 50.64 (As of Jun. 2024)

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What is Simei Media 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. Simei Media Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥1,420 Mil. Simei Media Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥28 Mil. Simei Media Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 50.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simei Media Co's Days Inventory for the three months ended in Jun. 2024 was 1.80.

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. Simei Media Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.02.

Simei Media Co Inventory Turnover Historical Data

The historical data trend for Simei Media 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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Simei Media Co Inventory Turnover Chart

Simei Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.43

55.96

165.89

114.99

165.10

Simei Media Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															39.72	37.46	41.29	55.13	50.64

Simei Media Co Inventory Turnover Calculation

Simei Media 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 )
=	5333.448	/ (	(34.958	+	29.651)	/	2 )
=	5333.448	/	32.3045
=	165.10

Simei Media Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1420.333	/ (	(16.641	+	39.459)	/	2 )
=	1420.333	/	28.05
=	50.64

Simei Media Co (SZSE:002712) 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.

Simei Media Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	28.05	/	1420.333	*	365 / 4
	=	1.80

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.

Simei Media Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	28.05	/	1476.372
	=	0.02

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.

Simei Media Co Inventory Turnover Related Terms

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Simei Media Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Simei Media Co Ltd (SZSE:002712) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Lane 288, Tongxie Road, Block 8, CIFI Hongqiao International, Changning District, Shanghai, CHN

Website

http://www.simei.cc

Simei Media Co Ltd is a China based media company. It is engaged in media planning and agency services, and brand management services, outdoor advertising, digital marketing, content marketing and strategy research. The business divisions of the company are Simei Pictures, Simei Advertisement, Simei Technology, Simei Sports, Simei Innovation, and others. Through its subsidiaries, the company is also engaged in the field of digital media, online literature, tv production, content marketing and on-ground-events.

Executives

Yu Jun	Executives
Wang Xiu Juan	Supervisors
Chen Jing Bo	Executives
Pan Hai Qiang	Directors, Directors, and Executives
Zhou Dong	Securities Affairs Representative
Xu Xing Rong	Director
Zhang Guo Yun	Directors, executives
Huang Hao Ting	Directors, executives
Lv Shuang Yuan	Directors, executives

Simei Media Co Headlines

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