Changzhou Wujin Zhongrui Electronic Technology Co (SZSE:301587) Inventory Turnover : 0.93 (As of Sep. 2024)

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What is Changzhou Wujin Zhongrui Electronic 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. Changzhou Wujin Zhongrui Electronic Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥113.1 Mil. Changzhou Wujin Zhongrui Electronic Technology Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥121.0 Mil. Changzhou Wujin Zhongrui Electronic Technology Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changzhou Wujin Zhongrui Electronic Technology Co's Days Inventory for the three months ended in Sep. 2024 was 97.69.

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. Changzhou Wujin Zhongrui Electronic Technology Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.78.

Changzhou Wujin Zhongrui Electronic Technology Co Inventory Turnover Historical Data

The historical data trend for Changzhou Wujin Zhongrui Electronic 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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Changzhou Wujin Zhongrui Electronic Technology Co Inventory Turnover Chart

Changzhou Wujin Zhongrui Electronic Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.09

6.82

6.54

5.30

4.17

Changzhou Wujin Zhongrui Electronic Technology Co Quarterly Data
	Dec16	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.93	0.96	1.01	1.01	0.93

Changzhou Wujin Zhongrui Electronic Technology Co Inventory Turnover Calculation

Changzhou Wujin Zhongrui Electronic 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 )
=	430.586	/ (	(96.639	+	109.918)	/	2 )
=	430.586	/	103.2785
=	4.17

Changzhou Wujin Zhongrui Electronic 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 )
=	113.057	/ (	(116.238	+	125.833)	/	2 )
=	113.057	/	121.0355
=	0.93

Changzhou Wujin Zhongrui Electronic Technology Co (SZSE:301587) 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.

Changzhou Wujin Zhongrui Electronic 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
	=	121.0355	/	113.057	*	365 / 4
	=	97.69

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.

Changzhou Wujin Zhongrui Electronic 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 )
	=	121.0355	/	154.965
	=	0.78

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.

Changzhou Wujin Zhongrui Electronic Technology Co Inventory Turnover Related Terms

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Changzhou Wujin Zhongrui Electronic Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Wujin Zhongrui Electronic Technology Co Ltd (SZSE:301587) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Jinghu Road, No. 11 and 11-1,, Wujin National High-tech Industrial Development Zo, Development Zone, Changzhou, CHN, 213100

Website

http://www.zrelectron.com

Changzhou Wujin Zhongrui Electronic Technology Co Ltd is engaged in research & development, manufacturing and sales of precision safety structural parts for cylindrical lithium batteries. Its product includes H structure combination cap, C structure combination cap, U structure combination cap, Z structure combination cap, Y structure combination cap and A structure combination cap.

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