Toyou Feiji Electronics Co (SZSE:300302) Inventory Turnover : 0.40 (As of Mar. 2024)

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What is Toyou Feiji 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. Toyou Feiji Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥52.1 Mil. Toyou Feiji Electronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥129.4 Mil. Toyou Feiji Electronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toyou Feiji Electronics Co's Days Inventory for the three months ended in Mar. 2024 was 226.77.

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. Toyou Feiji Electronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.38.

Toyou Feiji Electronics Co Inventory Turnover Historical Data

The historical data trend for Toyou Feiji 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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Toyou Feiji Electronics Co Inventory Turnover Chart

Toyou Feiji Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.43

1.62

1.50

1.62

1.65

Toyou Feiji Electronics 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															0.64	0.26	0.26	0.61	0.40

Toyou Feiji Electronics Co Inventory Turnover Calculation

Toyou Feiji 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 )
=	228.781	/ (	(151.417	+	126.3)	/	2 )
=	228.781	/	138.8585
=	1.65

Toyou Feiji Electronics 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 )
=	52.061	/ (	(126.3	+	132.454)	/	2 )
=	52.061	/	129.377
=	0.40

Toyou Feiji Electronics Co (SZSE:300302) 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.

Toyou Feiji Electronics 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
	=	129.377	/	52.061	*	365 / 4
	=	226.77

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.

Toyou Feiji Electronics 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 )
	=	129.377	/	93.719
	=	1.38

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.

Toyou Feiji Electronics Co Inventory Turnover Related Terms

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Toyou Feiji Electronics Co (SZSE:300302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Toyou Feiji Electronics Co Ltd (SZSE:300302) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Dijin Road, 1st to 4th Floor, Building 2, Haidian District, Beijing, CHN, 100095

Website

http://www.toyou.com.cn

Toyou Feiji Electronics Co Ltd Ltd is a provider of data storage infrastructure. It is engaged in providing storage products, solutions, and professional services. Its products include disk storage systems, backup systems, storage management software, and data security systems. It provide solutions to government agencies, energy manufacturers, educational media, research institutes.

Executives

Chou Yue	Executives
Tong Yi Hong	Director
Yang Jian Li	Directors, executives
Luo Hua	Directors, executives
Shen Jing	Directors, executives
Yang Yong Song	Director
Zhou Ze Xiang	Directors, executives
Chen Wei	Director
Xiao Jian Guo	Executives
Chen Ru Hong	Supervisors

Toyou Feiji Electronics Co (SZSE:300302) Headlines

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