/term/inventory-turnover/SZSE:002857 SMS Electric Co Zhengzhou (SZSE:002857) Inventory Turnover
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SMS Electric Co Ltd Zhengzhou (SZSE:002857) » Definitions » Inventory Turnover

SMS Electric Co Zhengzhou (SZSE:002857) Inventory Turnover : 0.65 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is SMS Electric Co Zhengzhou 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. SMS Electric Co Zhengzhou's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥38.1 Mil. SMS Electric Co Zhengzhou's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥58.8 Mil. SMS Electric Co Zhengzhou's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SMS Electric Co Zhengzhou's Days Inventory for the three months ended in Mar. 2024 was 140.79.

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. SMS Electric Co Zhengzhou's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.09.


SMS Electric Co Zhengzhou Inventory Turnover Historical Data

The historical data trend for SMS Electric Co Zhengzhou'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.

SMS Electric Co Zhengzhou Inventory Turnover Chart

SMS Electric Co Zhengzhou 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 2.73 2.94 3.06 2.55 4.77

SMS Electric Co Zhengzhou 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 0.39 0.52 0.71 1.63 0.65

SMS Electric Co Zhengzhou Inventory Turnover Calculation

SMS Electric Co Zhengzhou'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 )
=244.623 / ((46.294 + 56.211) / 2 )
=244.623 / 51.2525
=4.77

SMS Electric Co Zhengzhou'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 )
=38.136 / ((56.211 + 61.473) / 2 )
=38.136 / 58.842
=0.65

* 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.


SMS Electric Co Zhengzhou  (SZSE:002857) 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.

SMS Electric Co Zhengzhou'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
=58.842/38.136*365 / 4
=140.79

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.

SMS Electric Co Zhengzhou'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 )
=58.842 / 53.806
=1.09

* 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.


SMS Electric Co Zhengzhou Inventory Turnover Related Terms

Thank you for viewing the detailed overview of SMS Electric Co Zhengzhou's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


SMS Electric Co Zhengzhou (SZSE:002857) Business Description

Traded in Other Exchanges
N/A
Address
SMS Industrial Park at No. 85 Fifth Avenue, Economic and Technical Development Zone, Zhengzhou, CHN, 450016
SMS Electric Co Ltd Zhengzhou is engaged in the research, design, producing and sale of electricity metering instrument in China. It offers testing automation products, energy meter terminals, standard test devices, portable meter test systems, simulation equipment, and transformers.
Executives
Yu Yi Zhou Directors, executives
Wang Hong Directors, executives

SMS Electric Co Zhengzhou (SZSE:002857) Headlines

No Headlines