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Minami Acoustics (SZSE:301383) Inventory-to-Revenue : 0.55 (As of Mar. 2024)


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What is Minami Acoustics Inventory-to-Revenue?

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. Minami Acoustics's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥227 Mil. Minami Acoustics's Revenue for the three months ended in Mar. 2024 was ¥414 Mil. Minami Acoustics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.

Minami Acoustics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.50) to Dec. 2023 (0.55)

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. Minami Acoustics's Days Inventory for the three months ended in Mar. 2024 was 59.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Minami Acoustics's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.53.


Minami Acoustics Inventory-to-Revenue Historical Data

The historical data trend for Minami Acoustics'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.

* Premium members only.

Minami Acoustics Inventory-to-Revenue Chart

Minami Acoustics Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial 0.14 0.10 0.10 0.13 0.11

Minami Acoustics Quarterly Data
Dec18 Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.40 0.39 0.50 0.55

Competitive Comparison of Minami Acoustics's Inventory-to-Revenue

For the Consumer Electronics subindustry, Minami Acoustics'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.


Minami Acoustics's Inventory-to-Revenue Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Minami Acoustics's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Minami Acoustics's Inventory-to-Revenue falls into.



Minami Acoustics 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.

Minami Acoustics's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (157.366 + 211.173) / 2 ) / 1755.919
=184.2695 / 1755.919
=0.10

Minami Acoustics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (211.173 + 242.895) / 2 ) / 414.064
=227.034 / 414.064
=0.55

* 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.


Minami Acoustics  (SZSE:301383) 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.

Minami Acoustics'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
=227.034/348.269*365 / 4
=59.49

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Minami Acoustics's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=348.269 / 227.034
=1.53

* 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.


Minami Acoustics Inventory-to-Revenue Related Terms

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Minami Acoustics (SZSE:301383) Business Description

Traded in Other Exchanges
N/A
Address
No. 66, Baokuang Road, Shangou Industrial Zone, Yudu County, Jiangxi, Ganzhou, CHN, 342300
Minami Acoustics Ltd focuses on the research & development, production and sales of electroacoustic components and accessories, and has production and manufacturing bases in Zhongshan, Yudu and Malaysia respectively. The main business is the research and development, manufacturing and sales of micro electroacoustic components, consumer, industrial and vehicle-mounted electroacoustic products, and health acoustic products.

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