Sichuan Dawn Precision Technology Co (SZSE:300780) Inventory Turnover : 0.34 (As of Mar. 2024)

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What is Sichuan Dawn Precision 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. Sichuan Dawn Precision Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥112.8 Mil. Sichuan Dawn Precision Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥332.8 Mil. Sichuan Dawn Precision Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Dawn Precision Technology Co's Days Inventory for the three months ended in Mar. 2024 was 269.31.

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 Dawn Precision Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.82.

Sichuan Dawn Precision Technology Co Inventory Turnover Historical Data

The historical data trend for Sichuan Dawn Precision 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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Sichuan Dawn Precision Technology Co Inventory Turnover Chart

Sichuan Dawn Precision Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.60

1.53

1.24

0.94

0.91

Sichuan Dawn Precision Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.14	0.19	0.20	0.25	0.34

Sichuan Dawn Precision Technology Co Inventory Turnover Calculation

Sichuan Dawn Precision 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 )
=	386.018	/ (	(513.831	+	333.894)	/	2 )
=	386.018	/	423.8625
=	0.91

Sichuan Dawn Precision Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	112.766	/ (	(333.894	+	331.718)	/	2 )
=	112.766	/	332.806
=	0.34

Sichuan Dawn Precision Technology Co (SZSE:300780) 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 Dawn Precision Technology Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	332.806	/	112.766	*	365 / 4
	=	269.31

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 Dawn Precision Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	332.806	/	117.824
	=	2.82

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 Dawn Precision Technology Co Inventory Turnover Related Terms

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Sichuan Dawn Precision Technology Co (SZSE:300780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sichuan Dawn Precision Technology Co Ltd (SZSE:300780) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Zhuyi Avenue, Qingshen County, Sichuan Province, Meishan, CHN, 620460

Website

http://www.cpt-world.com

Sichuan Dawn Precision Technology Co Ltd is engaged in the production of casting forging, machining, heat treatment, assembly and packaging. It offers large-scale application of industrial robots, intelligent equipment, intelligent transportation, intelligent warehouse Key technologies of intelligent manufacturing such as information technology, digital technology, equipment data acquisition, large-scale customized production, export of European standard, American standard, Japanese standard, national standard pulley, gear, sprocket, timing belt pulley, coupling, cone Standard mechanical transmission parts such as sleeves, expansion sleeves, geared motors, industrial belts, as well as complete sets of equipment and related parts and components.

Executives

Lei Yong Qiang	Director
Li Xi Yun	Executives
Xie Long De	Directors, executives
Lei Yu Fei	Director
Gou Xia Hong	Supervisors
Lei Yong Zhi	Directors, executives
Wang Fu Min	Director

Sichuan Dawn Precision Technology Co (SZSE:300780) Headlines

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