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. SORL Auto Parts's Average Total Inventories for the quarter that ended in Sep. 2019 was $187.3 Mil. SORL Auto Parts's Revenue for the
three
months ended in Sep. 2019 was $112.2 Mil.
SORL Auto Parts's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 1.67.
SORL Auto Parts's Inventory-to-Revenue for the quarter that ended in Sep. 2019
increased
from Jun. 2019 (1.33) to Jun. 2019 (1.67)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SORL Auto Parts's Days Inventory for the
three
months ended in Sep. 2019 was 210.29.
Inventory Turnover measures how fast the company turns over its inventory within a year.
SORL Auto Parts's Inventory Turnover for the quarter that ended in Sep. 2019 was 0.43.
SORL Auto Parts Inventory-to-Revenue Historical Data
The historical data trend for SORL Auto Parts's Inventory-to-Revenue 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.
Competitive Comparison of SORL Auto Parts's Inventory-to-Revenue
For the Auto Parts subindustry, SORL Auto Parts's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SORL Auto Parts's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SORL Auto Parts's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where SORL Auto Parts's Inventory-to-Revenue falls into.
SORL Auto Parts Inventory-to-Revenue Calculation
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.
SORL Auto Parts's Inventory-to-Revenue for the fiscal year that ended in Dec. 2018 is calculated as
* 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.
SORL Auto Parts (NAS:SORL) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SORL Auto Parts's Days Inventory for the
three
months ended in Sep. 2019 is calculated as:
* 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.
SORL Auto Parts Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of SORL Auto Parts's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
SORL Auto Parts (SORL Auto Parts) Business Description
SORL Auto Parts Inc develops, manufactures and distributes automotive brake systems and other key safety-related auto parts to automotive original equipment manufacturers, and the related aftermarket both in China and internationally. The company is organized into two principal operating division: Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. Its key products are air brake system, tubes and fittings, ABS and diagnosis, power steering pumps, electrical and railway parts, and new energy parts. The company's products are principally used in different types of commercial vehicles, such as trucks and buses. Most of the firm's revenue gets generated through Commercial Vehicles Brake Systems segment.
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