Shenzhen Longood Intelligent Electric Co (SZSE:300543) Inventory Turnover : 1.12 (As of Sep. 2024)

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What is Shenzhen Longood Intelligent Electric 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. Shenzhen Longood Intelligent Electric Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥366 Mil. Shenzhen Longood Intelligent Electric Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥327 Mil. Shenzhen Longood Intelligent Electric Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Longood Intelligent Electric Co's Days Inventory for the three months ended in Sep. 2024 was 81.66.

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. Shenzhen Longood Intelligent Electric Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.74.

Shenzhen Longood Intelligent Electric Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Longood Intelligent Electric 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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Shenzhen Longood Intelligent Electric Co Inventory Turnover Chart

Shenzhen Longood Intelligent Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.87

3.83

3.92

3.01

3.44

Shenzhen Longood Intelligent Electric 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															0.97	0.97	1.07	0.96	1.12

Shenzhen Longood Intelligent Electric Co Inventory Turnover Calculation

Shenzhen Longood Intelligent Electric 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 )
=	1072.146	/ (	(354.469	+	269.336)	/	2 )
=	1072.146	/	311.9025
=	3.44

Shenzhen Longood Intelligent Electric 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 )
=	365.889	/ (	(340.398	+	314.448)	/	2 )
=	365.889	/	327.423
=	1.12

Shenzhen Longood Intelligent Electric Co (SZSE:300543) 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.

Shenzhen Longood Intelligent Electric 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
	=	327.423	/	365.889	*	365 / 4
	=	81.66

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.

Shenzhen Longood Intelligent Electric 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 )
	=	327.423	/	439.515
	=	0.74

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.

Shenzhen Longood Intelligent Electric Co Inventory Turnover Related Terms

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Shenzhen Longood Intelligent Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Longood Intelligent Electric Co Ltd (SZSE:300543) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 30, Honglang North 2nd Road, Xingdong Community, Xin'an Street, Room 1701, Building 1, Xinyi Lingyu R&D Center, Block 69, Baoan District, Guangdong Province, Shenzhen, CHN, 518133

Website

https://www.longood.com

Shenzhen Longood Intelligent Electric Co Ltd is mainly engaged in the research and development, production, sales and service of intelligent control, intelligent power supply and new energy based on application electronic technology. Its products are widely used in smart home appliances, power tools, lithium battery management, LED lighting, HID lighting, motor systems and New energy and other fields.

Executives

Chu Qing Song	Supervisors
Xiao Ling	Directors, executives
Zhou Pan Pan	Supervisors
Sun Ze Ying	Supervisors
Pan Sheng Wang	Director
Song Zhi Huan	Independent director
Chen Jing	Directors, executives
Yang Xiong	Executives
Wu Xiao Cheng	Directors, Directors, and Executives

Shenzhen Longood Intelligent Electric Co Headlines

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