Kunshan TopA Intelligent Equipment Co (SZSE:300836) Inventory Turnover : 0.54 (As of Sep. 2024)

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What is Kunshan TopA Intelligent Equipment 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. Kunshan TopA Intelligent Equipment Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥105.4 Mil. Kunshan TopA Intelligent Equipment Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥196.6 Mil. Kunshan TopA Intelligent Equipment Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kunshan TopA Intelligent Equipment Co's Days Inventory for the three months ended in Sep. 2024 was 170.17.

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. Kunshan TopA Intelligent Equipment Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.39.

Kunshan TopA Intelligent Equipment Co Inventory Turnover Historical Data

The historical data trend for Kunshan TopA Intelligent Equipment 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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Kunshan TopA Intelligent Equipment Co Inventory Turnover Chart

Kunshan TopA Intelligent Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.49

2.16

1.69

1.68

1.94

Kunshan TopA Intelligent Equipment 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															0.18	0.72	0.22	0.50	0.54

Kunshan TopA Intelligent Equipment Co Inventory Turnover Calculation

Kunshan TopA Intelligent Equipment 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 )
=	475.243	/ (	(278.797	+	212.37)	/	2 )
=	475.243	/	245.5835
=	1.94

Kunshan TopA Intelligent Equipment 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 )
=	105.421	/ (	(185.482	+	207.715)	/	2 )
=	105.421	/	196.5985
=	0.54

Kunshan TopA Intelligent Equipment Co (SZSE:300836) 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.

Kunshan TopA Intelligent Equipment 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
	=	196.5985	/	105.421	*	365 / 4
	=	170.17

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.

Kunshan TopA Intelligent Equipment 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 )
	=	196.5985	/	141.904
	=	1.39

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.

Kunshan TopA Intelligent Equipment Co Inventory Turnover Related Terms

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Kunshan TopA Intelligent Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kunshan TopA Intelligent Equipment Co Ltd (SZSE:300836) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Room 8, No. 232, Yuanfeng Road, Yushan Town, Jiangsu Province, Kunshan, CHN, 214000

Website

http://www.kstopa.com.cn

Kunshan TopA Intelligent Equipment Co Ltd is engaged in the design, manufacture, processing and sales of intelligent manufacturing equipment. The company's products include Baiao Zhizao; Fuse box assembly; Biomark manufactures Siemens stamp production line; ECU assembly line; Synchronous belt loop conveying streamline; and Straight reflux conveying streamline. It provides its products to the consumer electronics and transportation industry.

Executives

Zhuang Hua Feng	Director
Zhu Li Hua	Directors, Directors, and Executives
Shi Feng Hua	Director
Xiao Chao Peng	Directors, executives

Kunshan TopA Intelligent Equipment Co Headlines

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