Hangzhou Everfine Photo-e-info Co (SZSE:300306) Inventory Turnover : 0.25 (As of Sep. 2024)

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What is Hangzhou Everfine Photo-e-info 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. Hangzhou Everfine Photo-e-info Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥40.5 Mil. Hangzhou Everfine Photo-e-info Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥163.5 Mil. Hangzhou Everfine Photo-e-info Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hangzhou Everfine Photo-e-info Co's Days Inventory for the three months ended in Sep. 2024 was 368.31.

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. Hangzhou Everfine Photo-e-info Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.50.

Hangzhou Everfine Photo-e-info Co Inventory Turnover Historical Data

The historical data trend for Hangzhou Everfine Photo-e-info 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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Hangzhou Everfine Photo-e-info Co Inventory Turnover Chart

Hangzhou Everfine Photo-e-info Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.15

1.06

1.08

0.85

0.75

Hangzhou Everfine Photo-e-info 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															0.19	0.25	0.18	0.21	0.25

Hangzhou Everfine Photo-e-info Co Inventory Turnover Calculation

Hangzhou Everfine Photo-e-info 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 )
=	143.876	/ (	(215.031	+	167.341)	/	2 )
=	143.876	/	191.186
=	0.75

Hangzhou Everfine Photo-e-info 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 )
=	40.511	/ (	(166.201	+	160.83)	/	2 )
=	40.511	/	163.5155
=	0.25

Hangzhou Everfine Photo-e-info Co (SZSE:300306) 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.

Hangzhou Everfine Photo-e-info 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
	=	163.5155	/	40.511	*	365 / 4
	=	368.31

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.

Hangzhou Everfine Photo-e-info 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 )
	=	163.5155	/	108.969
	=	1.50

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.

Hangzhou Everfine Photo-e-info Co Inventory Turnover Related Terms

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Hangzhou Everfine Photo-e-info Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Everfine Photo-e-info Co Ltd (SZSE:300306) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 669, Binkang Road, Building 1, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053

Website

https://www.everfine.cn

Hangzhou Everfine Photo-e-info Co Ltd operates in the light-emitting diode (LED) module and lighting industry. The company offers LED and lighting measurement, vehicle and airborne display, backlight and LCM module, optical instruments, ultraviolet spectrometer, EMC measurement device and electronic testers. The products have been exported to the United States, Europe, Japan and other developed countries and regions.

Executives

Min Fang Sheng	Supervisors
Lu Jie	Director
Zou Jian Jun	Director
Zhang Wei	Supervisors
Hu Hong Ying	Director
Meng Zheng	Director
Li Qian	Supervisors

Hangzhou Everfine Photo-e-info Co Headlines

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