Bomin Electronics Co (SHSE:603936) Inventory Turnover : 1.28 (As of Mar. 2024)

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What is Bomin Electronics Co 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. Bomin Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥636 Mil. Bomin Electronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥497 Mil. Bomin Electronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bomin Electronics Co's Days Inventory for the three months ended in Mar. 2024 was 71.40.

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. Bomin Electronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Bomin Electronics Co Inventory Turnover Historical Data

The historical data trend for Bomin Electronics Co'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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Bomin Electronics Co Inventory Turnover Chart

Bomin Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.85

5.81

6.32

4.76

5.28

Bomin Electronics Co 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															1.10	1.40	1.33	1.20	1.28

Bomin Electronics Co Inventory Turnover Calculation

Bomin Electronics Co'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 )
=	2629.453	/ (	(488.596	+	507.389)	/	2 )
=	2629.453	/	497.9925
=	5.28

Bomin Electronics Co'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 )
=	635.71	/ (	(507.389	+	487.435)	/	2 )
=	635.71	/	497.412
=	1.28

Bomin Electronics Co (SHSE:603936) 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.

Bomin Electronics Co'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
	=	497.412	/	635.71	*	365 / 4
	=	71.40

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.

Bomin Electronics Co'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 )
	=	497.412	/	719.379
	=	0.69

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.

Bomin Electronics Co Inventory Turnover Related Terms

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Bomin Electronics Co (SHSE:603936) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bomin Electronics Co Ltd (SHSE:603936) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Intersection of Baohua Road and Haitian Road, 28th Floor, Block C, Baozhong Excellence Times Square, Baoan District, Shenzhen, CHN

Website

http://www.bominelec.com

Bomin Electronics Co Ltd is a PCB manufacturer. The company is engaged in the production of high-end printed circuit boards, integrating design, processing, sales, and foreign trade. The company products include HDI (high-density interconnect) board, ordinary double-sided, multi-layer, microwave high frequency, thick copper, metal, and soft board, soft and hard board. The products are used in communication equipment, medical equipment high-tech fields such as military high-tech products, inspection systems, aerospace, and home electronics.

Executives

Liu Yan Ping	Directors, senior managers
Han Zhi Wei	senior management
Tan Xin	senior management
Xie Jian Zhong	Director
Xie Xiao Mei	Director
Xu Huan	Director
Liu Yuan Cheng	Directors, senior managers
Song Zhi Fu	Supervisors
Wang Qiang	senior management
Deng Hong Xi	senior management
Huang Ji Mao	Director

Bomin Electronics Co (SHSE:603936) Headlines

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