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BeiJing StarNeto Technology Co (SZSE:002829) Inventory Turnover : 0.05 (As of Mar. 2024)


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What is BeiJing StarNeto Technology 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. BeiJing StarNeto Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥27.5 Mil. BeiJing StarNeto Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥606.8 Mil. BeiJing StarNeto Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BeiJing StarNeto Technology Co's Days Inventory for the three months ended in Mar. 2024 was 2,016.43.

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. BeiJing StarNeto Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 13.46.

BeiJing StarNeto Technology Co Inventory Turnover Historical Data

The historical data trend for BeiJing StarNeto Technology 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.

BeiJing StarNeto Technology Co Inventory Turnover Chart

BeiJing StarNeto Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 1.26 1.04 1.25 0.90

BeiJing StarNeto Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.14 0.45 0.11 0.05

BeiJing StarNeto Technology Co Inventory Turnover Calculation

BeiJing StarNeto Technology 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 )
=492.764 / ((502.588 + 595.013) / 2 )
=492.764 / 548.8005
=0.90

BeiJing StarNeto Technology 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 )
=27.46 / ((595.013 + 618.601) / 2 )
=27.46 / 606.807
=0.05

* 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.

BeiJing StarNeto Technology Co  (SZSE:002829) 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.

BeiJing StarNeto Technology 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
=606.807/27.46*365 / 4
=2,016.43

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.

BeiJing StarNeto Technology 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 )
=606.807 / 45.072
=13.46

* 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.

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.

BeiJing StarNeto Technology Co Inventory Turnover Related Terms

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BeiJing StarNeto Technology Co (SZSE:002829) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BeiJing StarNeto Technology Co Ltd (SZSE:002829) » Definitions » Inventory Turnover
Comparable Companies
SZSE:300516 SHSE:603421 SZSE:300177 SHSE:603508 SZSE:002383 SZSE:300349 SZSE:300590 SHSE:688112 SZSE:300007 SZSE:002658 TSE:6861 FTV OSTO:HEXA B KEYS GRMN TDY TRMB TSE:7701 CGNX ST
Traded in Other Exchanges
N/A
Address
No. 2, Lancangchang East Road, Unit 5, Building 4, Building 2, Haidian District, Beijing, CHN, 100097
Website
http://www.starneto.com
BeiJing StarNeto Technology Co Ltd is focused on inertial technology development and industrial application. The principal business activities include research and development, production and sales of inertial integrated navigation, inertial measurement, inertial stability control products. Its product range includes high precision satellite positioning and orientation products, fiber and laser inertial navigation products, tilt sensors, inertial measurement units, photoelectric pods, photoelectric forensics systems, infrared thermal imagers, smart driving test products and radar products such as wireless communication systems, conventional radar systems and miss distance measurement radars.
Executives
Wang Chao Executives
Chi Jia Sheng Director
Xu Ye Feng Directors, executives
Li Guo Sheng Director
Zhang You Liang Supervisors
Li Xue Qin Supervisors
Li Yan Zhuo Supervisors
Shang Xiu Lei Supervisors
Huang Jing Chao Securities Affairs Representative

BeiJing StarNeto Technology Co (SZSE:002829) Headlines

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