Optics Technology Holding Co (SZSE:300489) Inventory Turnover : 0.26 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Optics Technology Holding 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. Optics Technology Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥186 Mil. Optics Technology Holding Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥719 Mil. Optics Technology Holding Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Optics Technology Holding Co's Days Inventory for the three months ended in Mar. 2024 was 352.83.

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. Optics Technology Holding Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.07.

Optics Technology Holding Co Inventory Turnover Historical Data

The historical data trend for Optics Technology Holding 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.

* Premium members only.

Optics Technology Holding Co Inventory Turnover Chart

Optics Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.40

3.15

2.22

1.62

1.34

Optics Technology Holding 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	0.29	0.26	0.36	0.26

Optics Technology Holding Co Inventory Turnover Calculation

Optics Technology Holding 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 )
=	824.532	/ (	(554.199	+	676.635)	/	2 )
=	824.532	/	615.417
=	1.34

Optics Technology Holding 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 )
=	185.955	/ (	(676.635	+	761.387)	/	2 )
=	185.955	/	719.011
=	0.26

Optics Technology Holding Co (SZSE:300489) 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.

Optics Technology Holding 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
	=	719.011	/	185.955	*	365 / 4
	=	352.83

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.

Optics Technology Holding 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 )
	=	719.011	/	234.498
	=	3.07

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.

Optics Technology Holding Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Optics Technology Holding Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Optics Technology Holding Co (SZSE:300489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Optics Technology Holding Co Ltd (SZSE:300489) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 5, 8th Avenue, Pingfang District, Nancheng, Harbin, CHN, 150060

Website

http://www.zfgf.cc

Optics Technology Holding Co Ltd, formerly Harbin ZhongFei New Technology Co Ltd is a manufacturer of high-performance aluminum alloy materials and machined parts. Its engaged in production, sales of mechanical equipment, instrumentation, mechanical processing, industrial automation technology development and technical services. It belongs to the field of new materials technology and new energy and energy-saving technologies. Its products are aluminum alloy forgings, extrusions, and machine parts.

Executives

Gong Tao	Directors, executives
Liu Liu	Director
Gao Shu Zeng	Executives
Zhang Chun Bo	Directors, executives
Shi Yong Sheng	Supervisors
Zhang Yong	Supervisors
Wang Chun Yu	Directors, executives
Li Hai Bing	Secretary, Director
Wang Gui Xiang	Supervisors

Optics Technology Holding Co (SZSE:300489) Headlines

No Headlines