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SigmaStar Technology (SZSE:301536) Inventory Turnover : 0.49 (As of Mar. 2024)


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What is SigmaStar Technology 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. SigmaStar Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥335 Mil. SigmaStar Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥682 Mil. SigmaStar Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SigmaStar Technology's Days Inventory for the three months ended in Mar. 2024 was 185.73.

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. SigmaStar Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.29.

SigmaStar Technology Inventory Turnover Historical Data

The historical data trend for SigmaStar Technology'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.

* Premium members only.

SigmaStar Technology Inventory Turnover Chart

SigmaStar Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
4.08 3.79 2.54 1.68 1.68

SigmaStar Technology Quarterly Data
Dec19 Dec20 Dec21 Jun22 Dec22 Mar23 Jun23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only - 0.36 0.58 - 0.49

SigmaStar Technology Inventory Turnover Calculation

SigmaStar Technology'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 )
=1283.834 / ((788.681 + 742.987) / 2 )
=1283.834 / 765.834
=1.68

SigmaStar Technology'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 )
=334.89 / ((742.987 + 620.27) / 2 )
=334.89 / 681.6285
=0.49

* 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.

SigmaStar Technology  (SZSE:301536) 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.

SigmaStar Technology'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
=681.6285/334.89*365 / 4
=185.73

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.

SigmaStar Technology'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 )
=681.6285 / 526.617
=1.29

* 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.

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.

SigmaStar Technology Inventory Turnover Related Terms

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SigmaStar Technology (SZSE:301536) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SigmaStar Technology Ltd (SZSE:301536) » Definitions » Inventory Turnover
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Address
Houzhan Road, Floor 16, No. 1, Tong\'an District, Fujian Province, Xiamen, CHN, 361116
Website
https://www.sigmastar.com.cn
SigmaStar Technology Ltd is engaged in research & development and sales of video surveillance chips. Its products cover IP Cam, USB Cam, NVR, DVR, vehicle electronics, action cameras, smart home, robots, industry and other fields.

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