Sichuan Tianyi Comheart Telecom Co (SZSE:300504) Inventory Turnover : 0.38 (As of Sep. 2024)

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What is Sichuan Tianyi Comheart Telecom 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. Sichuan Tianyi Comheart Telecom Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥336 Mil. Sichuan Tianyi Comheart Telecom Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥883 Mil. Sichuan Tianyi Comheart Telecom Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Tianyi Comheart Telecom Co's Days Inventory for the three months ended in Sep. 2024 was 239.90.

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. Sichuan Tianyi Comheart Telecom Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.23.

Sichuan Tianyi Comheart Telecom Co Inventory Turnover Historical Data

The historical data trend for Sichuan Tianyi Comheart Telecom 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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Sichuan Tianyi Comheart Telecom Co Inventory Turnover Chart

Sichuan Tianyi Comheart Telecom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.21

2.30

2.15

2.05

1.86

Sichuan Tianyi Comheart Telecom 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															0.46	0.46	0.43	0.46	0.38

Sichuan Tianyi Comheart Telecom Co Inventory Turnover Calculation

Sichuan Tianyi Comheart Telecom 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 )
=	2125.957	/ (	(1211.994	+	1071.579)	/	2 )
=	2125.957	/	1141.7865
=	1.86

Sichuan Tianyi Comheart Telecom 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 )
=	335.699	/ (	(911.151	+	854.015)	/	2 )
=	335.699	/	882.583
=	0.38

Sichuan Tianyi Comheart Telecom Co (SZSE:300504) 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.

Sichuan Tianyi Comheart Telecom 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
	=	882.583	/	335.699	*	365 / 4
	=	239.90

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.

Sichuan Tianyi Comheart Telecom 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 )
	=	882.583	/	396.514
	=	2.23

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.

Sichuan Tianyi Comheart Telecom Co Inventory Turnover Related Terms

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Sichuan Tianyi Comheart Telecom Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sichuan Tianyi Comheart Telecom Co Ltd (SZSE:300504) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 198 Section of Xueshan Road, Jinyuan Town, Dayi County, Sichuan Province, Chengdu, CHN

Website

http://www.tianyisc.com

Sichuan Tianyi Comheart Telecom Co Ltd operates in optical communication and mobile communication industry. The company is engaged in research, development, production, sales, and services of communication network physical connection and protection, mobile communication network optimization system, and broadband network terminal equipment. The products of the company include access network cable, an optical splitter, communication pipe, steel pipe joint anti-corrosion material.

Executives

Zhao Hong Quan	Directors, executives
Wu Jing Qiu	Supervisors
Bai Yun Bo	Executives
Yang Jie	Directors, executives
Li Shi Hong	Director
Li Jun Hua	Director
Li Jun Xia	Director
Niu You Wu	Directors, executives

Sichuan Tianyi Comheart Telecom Co Headlines

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