Cscec Scimee Sci & Tech Co (SZSE:300425) Inventory Turnover : 0.49 (As of Mar. 2024)

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What is Cscec Scimee Sci & Tech 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. Cscec Scimee Sci & Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥148 Mil. Cscec Scimee Sci & Tech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥304 Mil. Cscec Scimee Sci & Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cscec Scimee Sci & Tech Co's Days Inventory for the three months ended in Mar. 2024 was 186.89.

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. Cscec Scimee Sci & Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.43.

Cscec Scimee Sci & Tech Co Inventory Turnover Historical Data

The historical data trend for Cscec Scimee Sci & Tech 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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Cscec Scimee Sci & Tech Co Inventory Turnover Chart

Cscec Scimee Sci & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.89

2.46

2.92

3.46

3.43

Cscec Scimee Sci & Tech 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															0.38	0.69	0.50	1.38	0.49

Cscec Scimee Sci & Tech Co Inventory Turnover Calculation

Cscec Scimee Sci & Tech 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 )
=	1062.281	/ (	(312.165	+	307.636)	/	2 )
=	1062.281	/	309.9005
=	3.43

Cscec Scimee Sci & Tech 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 )
=	148.309	/ (	(307.636	+	299.868)	/	2 )
=	148.309	/	303.752
=	0.49

Cscec Scimee Sci & Tech Co (SZSE:300425) 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.

Cscec Scimee Sci & Tech 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
	=	303.752	/	148.309	*	365 / 4
	=	186.89

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.

Cscec Scimee Sci & Tech 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 )
	=	303.752	/	212.231
	=	1.43

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.

Cscec Scimee Sci & Tech Co Inventory Turnover Related Terms

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Cscec Scimee Sci & Tech Co (SZSE:300425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cscec Scimee Sci & Tech Co Ltd (SZSE:300425) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

3 Wu Xin Yi Lu Road, Wuhou District, Sichuan, Chengdu, CHN, 610045

Website

http://www.scimee.com

Cscec Scimee Sci & Tech Co Ltd, formerly Scimee Sci & Tech Co Ltd provides high-quality water environment services. The company provides full-process services that cover industrial investment and financing, technology research and development, consulting design, equipment manufacturing, construction and operation, and operation management.

Executives

Yang Wei	Executives
Lv Zhi Guo	Executives
Xiao Zuo Cai	Executives
Tang Yi Jun	Executives
Luo Yong	Supervisors
Huang Jiang	Executives
Wen Shi Ping	Directors, executives
Wang Zhe Xiao	Executives
Dong Li Ping	Executives
Tang Zhi Gang	Supervisors
Li Shi Fu	Director

Cscec Scimee Sci & Tech Co (SZSE:300425) Headlines

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