Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) Inventory Turnover : 220.98 (As of Mar. 2024)

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What is Suzhou Electrical Apparatus Science Academy 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. Suzhou Electrical Apparatus Science Academy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥96.6 Mil. Suzhou Electrical Apparatus Science Academy Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥0.4 Mil. Suzhou Electrical Apparatus Science Academy Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 220.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Electrical Apparatus Science Academy Co's Days Inventory for the three months ended in Mar. 2024 was 0.41.

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. Suzhou Electrical Apparatus Science Academy Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Suzhou Electrical Apparatus Science Academy Co Inventory Turnover Historical Data

The historical data trend for Suzhou Electrical Apparatus Science Academy 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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Suzhou Electrical Apparatus Science Academy Co Inventory Turnover Chart

Suzhou Electrical Apparatus Science Academy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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282.58

196.52

255.94

363.71

479.57

Suzhou Electrical Apparatus Science Academy 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															112.91	153.08	128.07	209.46	220.98

Suzhou Electrical Apparatus Science Academy Co Inventory Turnover Calculation

Suzhou Electrical Apparatus Science Academy 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 )
=	420.823	/ (	(1.389	+	0.366)	/	2 )
=	420.823	/	0.8775
=	479.57

Suzhou Electrical Apparatus Science Academy 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 )
=	96.568	/ (	(0.366	+	0.508)	/	2 )
=	96.568	/	0.437
=	220.98

Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) 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.

Suzhou Electrical Apparatus Science Academy 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
	=	0.437	/	96.568	*	365 / 4
	=	0.41

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.

Suzhou Electrical Apparatus Science Academy 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 )
	=	0.437	/	144.856
	=	0.00

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.

Suzhou Electrical Apparatus Science Academy Co Inventory Turnover Related Terms

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Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Suzhou Electrical Apparatus Science Academy Co Ltd (SZSE:300215) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 7, Yonghe Street, Binhe Road,New Zone, Suzhou, CHN, 215011

Website

http://www.dqjc.com

Suzhou Electrical Apparatus Science Academy Co Ltd is mainly engaged in testing, researching, training of manpower, getting standard information and developing checkout equipment about power generation assembly, electric transmission and transformation equipment, high voltage electrical apparatus, high voltage switchgear assemblies, low voltage electrical apparatus, low voltage switchgear assemblies, machine tool electric appliance, marine electrical apparatus, nuclear power electrical apparatus, automobile electrical and electronic, wind power generation equipment, solar power photovoltaic system, energy saving products, RoHS, EMC, anti-seismic and so on.

Executives

Jiang Wen Bo	Director
Hu De Lin	Directors, executives
Li Wei Ping	Supervisors
Chen Wei	Director

Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) Headlines

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