Electric Connector Technology Co (SZSE:300679) Inventory Turnover : 1.23 (As of Sep. 2024)

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What is Electric Connector 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. Electric Connector Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥789 Mil. Electric Connector Technology Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥644 Mil. Electric Connector Technology Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electric Connector Technology Co's Days Inventory for the three months ended in Sep. 2024 was 74.42.

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. Electric Connector Technology Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.54.

Electric Connector Technology Co Inventory Turnover Historical Data

The historical data trend for Electric Connector 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.

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Electric Connector Technology Co Inventory Turnover Chart

Electric Connector Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.38

4.14

4.31

3.97

3.99

Electric Connector 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															1.21	1.22	1.17	1.25	1.23

Electric Connector Technology Co Inventory Turnover Calculation

Electric Connector 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 )
=	2115.741	/ (	(489.309	+	570.452)	/	2 )
=	2115.741	/	529.8805
=	3.99

Electric Connector 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 )
=	789.144	/ (	(611.273	+	675.999)	/	2 )
=	789.144	/	643.636
=	1.23

Electric Connector Technology Co (SZSE:300679) 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.

Electric Connector 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
	=	643.636	/	789.144	*	365 / 4
	=	74.42

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.

Electric Connector 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 )
	=	643.636	/	1188.508
	=	0.54

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.

Electric Connector Technology Co Inventory Turnover Related Terms

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Electric Connector Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Electric Connector Technology Co Ltd (SZSE:300679) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinxiu Industrial Park, Xitian Community, GuangMing New District, Gongming Town, Shenzhen, CHN, 518106

Website

http://www.ectsz.com

Electric Connector Technology Co Ltd is engaged in the development, design, manufacturing, and marketing of an electronic connector. The product range comprises miniature RF connectors, precision micro pitch connector, precision shielding frames and covers, shielding retaining clips, precision structural parts, antenna, and application tools. The company's products are widely used in communications equipment, computers, and home appliances.

Executives

Chen Feng	Supervisors
Li Ying	Executives
Ren Jun Jiang	Director
Chen Yu Xuan	Directors, executives
Huang Zhong Qing	Supervisors

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