WXT (Wuxin Technology Holdings) Inventory Turnover: 2.73 (As of Dec. 2021)


What is Wuxin Technology Holdings Inventory Turnover?

Wuxin Technology Holdings WXT Inventory Turnover is 2.73 as of Dec. 2021.

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. Wuxin Technology Holdings's Cost of Goods Sold for the three months ended in Dec. 2021 was $14.54 Mil. Wuxin Technology Holdings's Average Total Inventories for the quarter that ended in Dec. 2021 was $5.32 Mil. Wuxin Technology Holdings's Inventory Turnover for the quarter that ended in Dec. 2021 was 2.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuxin Technology Holdings's Days Inventory for the three months ended in Dec. 2021 was 33.39.

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. Wuxin Technology Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.21.

Wuxin Technology Holdings  (NAS:WXT) 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.

Wuxin Technology Holdings's Days Inventory for the three months ended in Dec. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2021 )/Cost of Goods Sold (Q: Dec. 2021 )*Days in Period
=5.321/14.54*365 / 4
=33.39

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.

Wuxin Technology Holdings's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2021 ) / Revenue (Q: Dec. 2021 )
=5.321 / 25.858
=0.21

* 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.

Wuxin Technology Holdings Inventory Turnover Related Terms

Wuxin Technology Holdings Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Wuxin Technology Holdings'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.

Wuxin Technology Holdings Inventory Turnover Chart

Wuxin Technology Holdings Annual Data
Trend Jun20 Jun21
Inventory Turnover
7.04 8.69

Wuxin Technology Holdings Quarterly Data
Jun20 Dec20 Jun21 Dec21
Inventory Turnover 0.00 4.49 4.24 2.73

Wuxin Technology Holdings Inventory Turnover Calculation

Wuxin Technology Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

Inventory Turnover (A: Jun. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2021 ) / ((Total Inventories (A: Jun. 2020 ) + Total Inventories (A: Jun. 2021 )) / count )
=31.952 / ((3.123 + 4.227) / 2 )
=31.952 / 3.675
=8.69

Wuxin Technology Holdings's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

Inventory Turnover (Q: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2021 ) / ((Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Dec. 2021 )) / count )
=14.54 / ((4.227 + 6.415) / 2 )
=14.54 / 5.321
=2.73

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.73 mean?
Wuxin Technology Holdings (WXT) has a Inventory Turnover of 2.73 as of Dec. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Wuxin Technology Holdings and its competitors.
Is Wuxin Technology Holdings' Inventory Turnover too high?
Wuxin Technology Holdings' current Inventory Turnover is 2.73.
How does Wuxin Technology Holdings' Inventory Turnover compare to ?
Wuxin Technology Holdings' Inventory Turnover of 2.73 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Hardware company?
A good Inventory Turnover depends on the Hardware industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Wuxin Technology Holdings and its competitors. Wuxin Technology Holdings's current Inventory Turnover is 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuxin Technology Holdings stock overvalued right now?
Wuxin Technology Holdings (WXT) has a current Inventory Turnover of 2.73. The current Inventory Turnover is 2.73. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Wuxin Technology Holdings (WXT), the current Inventory Turnover is 2.73 as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Wuxin Technology Holdings Business Description

Comparable Companies
Address No. 2 Qiongyu Road, Nanshan District, Tefa Information and Technology Plaza, Floor 15, Shenzhen, CHN, 518052
Wuxin Technology Holdings Inc is engaged in providing Internet of Things connectivity solutions. The company has developed an ant delete center (ADC) protocol, which is a wireless, decentralized, and ad hoc protocol derived from the foraging principle of ant colonies, and allows an IoT network of numerous nodes to efficiently detect the shortest path of data transmission and decentralize the control.