Shenzhen Sunshine Laser and Electronics Technology Co (SZSE:300227) Inventory Turnover : 0.31 (As of Mar. 2024)

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What is Shenzhen Sunshine Laser and Electronics 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. Shenzhen Sunshine Laser and Electronics Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥139 Mil. Shenzhen Sunshine Laser and Electronics Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥447 Mil. Shenzhen Sunshine Laser and Electronics Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Sunshine Laser and Electronics Technology Co's Days Inventory for the three months ended in Mar. 2024 was 293.68.

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 Sunshine Laser and Electronics Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.13.

Shenzhen Sunshine Laser and Electronics Technology Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Sunshine Laser and Electronics 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.

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Shenzhen Sunshine Laser and Electronics Technology Co Inventory Turnover Chart

Shenzhen Sunshine Laser and Electronics Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.90

3.26

2.61

1.84

1.73

Shenzhen Sunshine Laser and Electronics 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															0.32	0.34	0.45	0.48	0.31

Shenzhen Sunshine Laser and Electronics Technology Co Inventory Turnover Calculation

Shenzhen Sunshine Laser and Electronics 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 )
=	720.232	/ (	(404.113	+	427.872)	/	2 )
=	720.232	/	415.9925
=	1.73

Shenzhen Sunshine Laser and Electronics 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 )
=	138.788	/ (	(427.872	+	465.481)	/	2 )
=	138.788	/	446.6765
=	0.31

Shenzhen Sunshine Laser and Electronics Technology Co (SZSE:300227) 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 Sunshine Laser and Electronics 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
	=	446.6765	/	138.788	*	365 / 4
	=	293.68

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 Sunshine Laser and Electronics 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 )
	=	446.6765	/	209.558
	=	2.13

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 Sunshine Laser and Electronics Technology Co Inventory Turnover Related Terms

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Shenzhen Sunshine Laser and Electronics Technology Co (SZSE:300227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Sunshine Laser and Electronics Technology Co Ltd (SZSE:300227) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 13 Langshan Road, 1st Floor, Block C, Tsinghua Unisplendour Technology Park, Nanshan District, Shenzhen, CHN, 518051

Website

http://www.sunshine-laser.com

Shenzhen Sunshine Laser and Electronics Technology Co Ltd is engaged in providing laser technology and application services to manufacturing and processing industries. The products and services of the company include additive manufacturing, laser three dimensional circuit, flexible circuit board laser forming, precision laser drilling, and precision laser template.

Executives

Wang Rong	Directors, executives
Zhang Hong Yu	Directors, executives
Wang Jun	Executives
Hou Ruo Hong	Directors, executives
Fan Rong	Securities Affairs Representative
Cai Zhi Xiang	Executives
Li Lu	Secretary Dong
Zhang Yu Feng	Director
Chen Xuan	Executives

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