Cybrid Technologies (SHSE:603212) Inventory Turnover : 1.17 (As of Mar. 2024)

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What is Cybrid Technologies 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. Cybrid Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥795 Mil. Cybrid Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥682 Mil. Cybrid Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cybrid Technologies's Days Inventory for the three months ended in Mar. 2024 was 78.20.

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. Cybrid Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

Cybrid Technologies Inventory Turnover Historical Data

The historical data trend for Cybrid Technologies'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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Cybrid Technologies Inventory Turnover Chart

Cybrid Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.67

6.55

5.31

5.53

5.40

Cybrid Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.37	1.45	1.38	1.04	1.17

Cybrid Technologies Inventory Turnover Calculation

Cybrid Technologies'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 )
=	3718.279	/ (	(677.68	+	699.135)	/	2 )
=	3718.279	/	688.4075
=	5.40

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	795.269	/ (	(699.135	+	663.874)	/	2 )
=	795.269	/	681.5045
=	1.17

Cybrid Technologies (SHSE:603212) 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.

Cybrid Technologies'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
	=	681.5045	/	795.269	*	365 / 4
	=	78.20

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.

Cybrid Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	681.5045	/	885.343
	=	0.77

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.

Cybrid Technologies Inventory Turnover Related Terms

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Cybrid Technologies (SHSE:603212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cybrid Technologies Inc (SHSE:603212) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 369 Yegang Road, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 215299

Website

https://www.cybrid.com.cn

Cybrid Technologies Inc is engaged in production and sales of thin-film functional polymer materials. The company produces high-tech composite materials, plastic processing special equipment and devices; sales of solar cell components and related accessories; synthetic resins, adhesives, and tapes.

Executives

Yan Wen Qin	Directors, senior managers
Chen Hong Ye	Directors, senior managers
Gao Tian Bo	Directors, senior managers
Chen Xiao Ying	senior management
Chen Da Wei	senior management

Cybrid Technologies (SHSE:603212) Headlines

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