Genbyte Technology (SZSE:003028) Inventory Turnover : 0.93 (As of Mar. 2024)

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What is Genbyte Technology 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. Genbyte Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥188 Mil. Genbyte Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥203 Mil. Genbyte Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Genbyte Technology's Days Inventory for the three months ended in Mar. 2024 was 98.47.

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. Genbyte Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

Genbyte Technology Inventory Turnover Historical Data

The historical data trend for Genbyte Technology'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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Genbyte Technology Inventory Turnover Chart

Genbyte Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.62

4.31

3.22

2.57

4.45

Genbyte Technology Quarterly Data
	Dec18	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															0.76	1.11	1.32	1.36	0.93

Genbyte Technology Inventory Turnover Calculation

Genbyte Technology'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 )
=	881.482	/ (	(219.644	+	176.684)	/	2 )
=	881.482	/	198.164
=	4.45

Genbyte Technology'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 )
=	188.433	/ (	(176.684	+	229.99)	/	2 )
=	188.433	/	203.337
=	0.93

Genbyte Technology (SZSE:003028) 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.

Genbyte Technology'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
	=	203.337	/	188.433	*	365 / 4
	=	98.47

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.

Genbyte Technology'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 )
	=	203.337	/	258.107
	=	0.79

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.

Genbyte Technology Inventory Turnover Related Terms

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Genbyte Technology (SZSE:003028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Genbyte Technology Inc (SZSE:003028) » Definitions » Inventory Turnover

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Address

Intersection of Genyu Road and Nanming Road, Yutang Street, Floor 1-6, Building 4, Huahong Xintong Industrial Park, Guangming New District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.genbytech.com

Genbyte Technology Inc is engaged in the research and development, manufacturing and sales of technical products such as intelligent controllers, variable frequency drives, digital power supplies and intelligent IoT modules.

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