Newcapec Electronics Co (SZSE:300248) Inventory Turnover : 0.46 (As of Sep. 2024)

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What is Newcapec Electronics 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. Newcapec Electronics Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥100 Mil. Newcapec Electronics Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥219 Mil. Newcapec Electronics Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Newcapec Electronics Co's Days Inventory for the three months ended in Sep. 2024 was 199.92.

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. Newcapec Electronics Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.95.

Newcapec Electronics Co Inventory Turnover Historical Data

The historical data trend for Newcapec Electronics 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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Newcapec Electronics Co Inventory Turnover Chart

Newcapec Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.79

1.59

1.43

1.64

1.75

Newcapec Electronics 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															0.36	0.65	0.32	0.36	0.46

Newcapec Electronics Co Inventory Turnover Calculation

Newcapec Electronics 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 )
=	446.414	/ (	(272.443	+	237.464)	/	2 )
=	446.414	/	254.9535
=	1.75

Newcapec Electronics 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 )
=	100.098	/ (	(212.475	+	226.125)	/	2 )
=	100.098	/	219.3
=	0.46

Newcapec Electronics Co (SZSE:300248) 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.

Newcapec Electronics 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
	=	219.3	/	100.098	*	365 / 4
	=	199.92

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.

Newcapec Electronics 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 )
	=	219.3	/	230.858
	=	0.95

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.

Newcapec Electronics Co Inventory Turnover Related Terms

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Newcapec Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Newcapec Electronics Co Ltd (SZSE:300248) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Yingchun Street, High-tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.newcapec.net

Newcapec Electronics Co Ltd is a Chinese company engaged in the development, production, and distribution of smart card applications, which are widely used in schools, financial institutions, and the telecom industry. It offers products such as electronic payment products, identification products, smart hydropower products, radio frequency identification products, smart gas meter products and power carrier products.

Executives

Yang Wen Shou	Executives
Yang Wei Guo	Directors, executives
Fu Qiu Sheng	Directors, executives
Zhao Li Bin	Directors, executives
Du Jian Ping	Executives
Shang Wei Guo	Directors, executives
Liu En Chen	Supervisors
Fu Chang Shun	Executives
Wang Shi Qing	Independent director
Hua Meng Yang	Directors, executives
Wang Bao Ling	Supervisors
Zhao Xin	Securities Affairs Representative
Gao Jian Ming	Director

Newcapec Electronics Co Headlines

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