Shenzhen Megmeet Electrical Co (SZSE:002851) Inventory Turnover : 0.68 (As of Sep. 2024)

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What is Shenzhen Megmeet Electrical 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. Shenzhen Megmeet Electrical Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,414 Mil. Shenzhen Megmeet Electrical Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥2,072 Mil. Shenzhen Megmeet Electrical Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Megmeet Electrical Co's Days Inventory for the three months ended in Sep. 2024 was 133.76.

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. Shenzhen Megmeet Electrical Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.10.

Shenzhen Megmeet Electrical Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Megmeet Electrical 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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Shenzhen Megmeet Electrical Co Inventory Turnover Chart

Shenzhen Megmeet Electrical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.17

2.88

2.44

2.34

2.65

Shenzhen Megmeet Electrical Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.67	0.77	0.70	0.84	0.68

Shenzhen Megmeet Electrical Co Inventory Turnover Calculation

Shenzhen Megmeet Electrical 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 )
=	5069.705	/ (	(1910.989	+	1917.671)	/	2 )
=	5069.705	/	1914.33
=	2.65

Shenzhen Megmeet Electrical Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1413.616	/ (	(1908.501	+	2235.78)	/	2 )
=	1413.616	/	2072.1405
=	0.68

Shenzhen Megmeet Electrical Co (SZSE:002851) 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.

Shenzhen Megmeet Electrical Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	2072.1405	/	1413.616	*	365 / 4
	=	133.76

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.

Shenzhen Megmeet Electrical Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	2072.1405	/	1891.863
	=	1.10

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.

Shenzhen Megmeet Electrical Co Inventory Turnover Related Terms

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Shenzhen Megmeet Electrical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Megmeet Electrical Co Ltd (SZSE:002851) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 13 Langshan Road, Tsinghua Unisplendour Technology Park, A, B, C501-503, D, E, 5th Floor, High-tech Zone, North District, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.megmeet.com

Shenzhen Megmeet Electrical Co Ltd is a provider of industrial automation and power supply solutions. It operates in the areas of Industrial automation and control, Smart home appliances, and Custom power supplies. Industrial automation and control area includes motor drive, editable logic controller, new energy automotive motor drive, and industrial digital intelligent welding machine. Smart home appliances comprise flat panel display power supply, inverter air conditioner power converter, frequency conversion microwave oven power converter, and others. Custom power supplies include industrial microwave power, new energy vehicle power, electric power, LED color screen power supply, and others. The company has a business presence in China, and other international countries.

Executives

Tong Yong Sheng	Directors, executives
Zhang Zhi	Directors, executives
Wang Tao	Directors, executives
Wang Xue Fen	Director
Shen Chu Chun	Executives
Wang Yong Feng	Supervisors

Shenzhen Megmeet Electrical Co Headlines

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