Shenzhen Rongda Photosensitive & Technology Co (SZSE:300576) Inventory Turnover : 1.20 (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Shenzhen Rongda Photosensitive & Technology 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 Rongda Photosensitive & Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥152.0 Mil. Shenzhen Rongda Photosensitive & Technology Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥126.8 Mil. Shenzhen Rongda Photosensitive & Technology Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Rongda Photosensitive & Technology Co's Days Inventory for the three months ended in Sep. 2024 was 76.12.

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 Rongda Photosensitive & Technology Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.52.

Shenzhen Rongda Photosensitive & Technology Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Rongda Photosensitive & Technology 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.

Shenzhen Rongda Photosensitive & Technology Co Inventory Turnover Chart

Shenzhen Rongda Photosensitive & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.22

4.29

5.15

4.16

4.20

Shenzhen Rongda Photosensitive & Technology 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															1.14	1.15	1.08	1.28	1.20

Shenzhen Rongda Photosensitive & Technology Co Inventory Turnover Calculation

Shenzhen Rongda Photosensitive & Technology 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 )
=	511.878	/ (	(123.72	+	120.163)	/	2 )
=	511.878	/	121.9415
=	4.20

Shenzhen Rongda Photosensitive & Technology 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 )
=	151.982	/ (	(119.866	+	133.698)	/	2 )
=	151.982	/	126.782
=	1.20

Shenzhen Rongda Photosensitive & Technology Co (SZSE:300576) 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 Rongda Photosensitive & Technology 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
	=	126.782	/	151.982	*	365 / 4
	=	76.12

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 Rongda Photosensitive & Technology 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 )
	=	126.782	/	243.169
	=	0.52

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 Rongda Photosensitive & Technology Co Inventory Turnover Related Terms

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

Shenzhen Rongda Photosensitive & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Rongda Photosensitive & Technology Co Ltd (SZSE:300576) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 71-5, Xintian Avenue, Fuhai Street, Room 301, Xintian Community, Guangdong, Baoan District, Shenzhen, CHN, 518103

Website

http://www.szrd.com

Shenzhen Rongda Photosensitive & Technology Co Ltd produces and sells photosensitive chemical materials in China. It offers PCB Ink, Positive photoresist and Special inks.

Executives

Niu Guo Chun	Director
Yang Yu Chun	Directors, executives
Huang Yong	Directors, executives
Cai Qi Shang	Directors, Directors, and Executives
Liu Qi Sheng	Directors, executives
Wei Zhi Jun	Supervisors
Chen Wu	Executives
Liu Qun Ying	Supervisors

Shenzhen Rongda Photosensitive & Technology Co Headlines

No Headlines