Tongyu Communication (SZSE:002792) Inventory Turnover : 0.48 (As of Mar. 2024)

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What is Tongyu Communication 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. Tongyu Communication's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥173 Mil. Tongyu Communication's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥362 Mil. Tongyu Communication's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tongyu Communication's Days Inventory for the three months ended in Mar. 2024 was 191.09.

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. Tongyu Communication's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.53.

Tongyu Communication Inventory Turnover Historical Data

The historical data trend for Tongyu Communication'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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Tongyu Communication Inventory Turnover Chart

Tongyu Communication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.13

2.86

2.36

2.35

2.57

Tongyu Communication 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															0.49	0.55	0.56	0.91	0.48

Tongyu Communication Inventory Turnover Calculation

Tongyu Communication'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 )
=	1024.48	/ (	(428.126	+	370.288)	/	2 )
=	1024.48	/	399.207
=	2.57

Tongyu Communication'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 )
=	173.043	/ (	(370.288	+	354.465)	/	2 )
=	173.043	/	362.3765
=	0.48

Tongyu Communication (SZSE:002792) 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.

Tongyu Communication'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
	=	362.3765	/	173.043	*	365 / 4
	=	191.09

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.

Tongyu Communication'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 )
	=	362.3765	/	236.319
	=	1.53

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.

Tongyu Communication Inventory Turnover Related Terms

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Tongyu Communication (SZSE:002792) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tongyu Communication Inc (SZSE:002792) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.3 Jintong Street ,State-Level, Torch Hi-Tech Industrial Development Zone, Guandong, Zhongshan City, CHN, 528437

Website

http://www.tycc.cn

Tongyu Communication Inc develops, manufactures and sells communication antennas and RF devices, optical module and other products used in mobile communication systems. The company produces base station antennas, RF components, microwave antennas, indoor antennas.

Executives

Wu Zhong Lin	Director
Chen Hong Sheng	Directors, executives
Fang Feng Ming	Executives
Liu Mu Lin	Directors, executives
Gao Zhuo Feng	Supervisors
Sun Jun Quan	Supervisors
Huang Si Ding	Executives

Tongyu Communication (SZSE:002792) Headlines

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