Xiaomi (HKSE:01810) Inventory Turnover : 1.43 (As of Dec. 2023)

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What is Xiaomi 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. Xiaomi's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$63,034 Mil. Xiaomi's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$44,055 Mil. Xiaomi's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiaomi's Days Inventory for the three months ended in Dec. 2023 was 63.77.

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. Xiaomi's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.55.

Xiaomi Inventory Turnover Historical Data

The historical data trend for Xiaomi'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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Xiaomi Inventory Turnover Chart

Xiaomi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.66

5.79

5.82

4.31

4.45

Xiaomi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.06	1.04	1.28	1.44	1.43

Xiaomi Inventory Turnover Calculation

Xiaomi'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 )
=	233515.122	/ (	(56324.735	+	48588.761)	/	2 )
=	233515.122	/	52456.748
=	4.45

Xiaomi's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	63034.195	/ (	(39520.932	+	48588.761)	/	2 )
=	63034.195	/	44054.8465
=	1.43

Xiaomi (HKSE:01810) 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.

Xiaomi's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	44054.8465	/	63034.195	*	365 / 4
	=	63.77

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.

Xiaomi's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	44054.8465	/	80112.398
	=	0.55

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.

Xiaomi Inventory Turnover Related Terms

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Xiaomi (HKSE:01810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiaomi Corp (HKSE:01810) » Definitions » Inventory Turnover

Traded in Other Exchanges

XIACY:USA XIACF:USA 1810:Mexico 3CPA:Germany 3CP:Germany 3CPA:Germany 3CP:Germany 3CP:Germany

Address

Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, CHN

Website

https://www.mi.com

Xiaomi is a technology product and services company founded in early 2010, focusing mainly on smartphones and Internet of Things products and related internet services. An early adopter of online smartphone sales, Xiaomi uses Android as its operating system but has its own customized user interface called MIUI. As competition in its home Chinese smartphone market intensified and growth has slowed, it has expanded into other markets and has become the smartphone market leader in India and is gaining market share in Europe. From 2020 to 2022, from a country perspective, around 50% of its overall revenue was generated in mainland China, down from 94% in 2015. The company listed on the Hong Kong market at the beginning of July 2018.

Executives

Lei Jun	2307 Founder of a discretionary trust who can infl
Lin Bin	2301 Trustee
Ark Trust (hong Kong) Limited	2301 Trustee
Apex Star Llc	2101 Beneficial owner
Parkway Global Holdings Limited	2201 Interest of corporation controlled by you
Sunrise Vision Holdings Limited	2201 Interest of corporation controlled by you
Smart Mobile Holdings Limited	2101 Beneficial owner
Morningside Group International Limited	2201 Interest of corporation controlled by you
Morningside Venture (vii) Investments Limited	2201 Interest of corporation controlled by you
Morningside Ventures Limited	2201 Interest of corporation controlled by you
Morningside-springfield Group Limited	2201 Interest of corporation controlled by you

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