RoboTechnik Intelligent Technology Co (SZSE:300757) Inventory Turnover : 0.75 (As of Sep. 2024)

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What is RoboTechnik Intelligent 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. RoboTechnik Intelligent Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥203 Mil. RoboTechnik Intelligent Technology Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥272 Mil. RoboTechnik Intelligent Technology Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RoboTechnik Intelligent Technology Co's Days Inventory for the three months ended in Sep. 2024 was 122.09.

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. RoboTechnik Intelligent Technology Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.92.

RoboTechnik Intelligent Technology Co Inventory Turnover Historical Data

The historical data trend for RoboTechnik Intelligent 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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RoboTechnik Intelligent Technology Co Inventory Turnover Chart

RoboTechnik Intelligent Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.94

1.67

2.55

1.71

2.40

RoboTechnik Intelligent 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															0.59	0.69	0.38	0.71	0.75

RoboTechnik Intelligent Technology Co Inventory Turnover Calculation

RoboTechnik Intelligent 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 )
=	1212.508	/ (	(509.99	+	500.619)	/	2 )
=	1212.508	/	505.3045
=	2.40

RoboTechnik Intelligent 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 )
=	203.236	/ (	(319.13	+	224.704)	/	2 )
=	203.236	/	271.917
=	0.75

RoboTechnik Intelligent Technology Co (SZSE:300757) 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.

RoboTechnik Intelligent 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
	=	271.917	/	203.236	*	365 / 4
	=	122.09

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.

RoboTechnik Intelligent 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 )
	=	271.917	/	295.498
	=	0.92

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.

RoboTechnik Intelligent Technology Co Inventory Turnover Related Terms

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RoboTechnik Intelligent Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RoboTechnik Intelligent Technology Co Ltd (SZSE:300757) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 3, Weiting Ganglang Road, Suzhou Industrial Park, Jiangsu Province, Shanghai, CHN, 215122

Website

http://www.robo-technik.com

RoboTechnik Intelligent Technology Co Ltd is a provider of smart manufactory solutions. Its focus is on developing, designing and manufacturing high-speed automated solutions to meet customer's specific requirements. The company offers smart manufactory solutions for Clean Energy, Electronics and Semi-Conductor, Automotive, as well as Food and Pharmaceutical industry segments, including intelligent production equipments, intelligent Storage System, and intelligent Material Transferring System.

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