Shenzhen Longsys Electronics Co (SZSE:301308) Inventory Turnover : 0.50 (As of Mar. 2024)

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What is Shenzhen Longsys Electronics 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 Longsys Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,367 Mil. Shenzhen Longsys Electronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥6,730 Mil. Shenzhen Longsys Electronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Longsys Electronics Co's Days Inventory for the three months ended in Mar. 2024 was 182.42.

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. Shenzhen Longsys Electronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.51.

Shenzhen Longsys Electronics Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Longsys Electronics 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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Shenzhen Longsys Electronics Co Inventory Turnover Chart

Shenzhen Longsys Electronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.23

3.15

2.67

1.99

1.93

Shenzhen Longsys Electronics Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												0.39	0.58	0.62	0.54	0.50

Shenzhen Longsys Electronics Co Inventory Turnover Calculation

Shenzhen Longsys Electronics 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 )
=	9295.952	/ (	(3744.177	+	5893.165)	/	2 )
=	9295.952	/	4818.671
=	1.93

Shenzhen Longsys Electronics 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 )
=	3366.674	/ (	(5893.165	+	7567.685)	/	2 )
=	3366.674	/	6730.425
=	0.50

Shenzhen Longsys Electronics Co (SZSE:301308) 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 Longsys Electronics 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
	=	6730.425	/	3366.674	*	365 / 4
	=	182.42

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.

Shenzhen Longsys Electronics 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 )
	=	6730.425	/	4452.882
	=	1.51

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 Longsys Electronics Co Inventory Turnover Related Terms

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Shenzhen Longsys Electronics Co (SZSE:301308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Longsys Electronics Co Ltd (SZSE:301308) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8 Kefa Road, A, B, C, D, E, F1, 8th Floor, Building 1, Financial Services Technology Innovation Base, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.longsys.com

Shenzhen Longsys Electronics Co Ltd is a technology-based storage product manufacturer dedicated to memory chip architecture and application. The company has five product lines: embedded storage, industrial storage, mobile storage, SSD storage, and memory module. It provides systematic solutions for personal data and industrial software and hardware storage products.

Executives

Cai Hua Bo	Directors, executives
Wang Jing Yang	Directors, executives
Zhu Yu	Directors, executives

Shenzhen Longsys Electronics Co (SZSE:301308) Headlines

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