Jiangsu Leadmicro Nano Technology Co (SHSE:688147) Inventory Turnover : 0.03 (As of Mar. 2024)

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What is Jiangsu Leadmicro Nano Technology 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. Jiangsu Leadmicro Nano Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥97 Mil. Jiangsu Leadmicro Nano Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,643 Mil. Jiangsu Leadmicro Nano Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Leadmicro Nano Technology Co's Days Inventory for the three months ended in Mar. 2024 was 3,410.84.

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. Jiangsu Leadmicro Nano Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 21.34.

Jiangsu Leadmicro Nano Technology Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Leadmicro Nano Technology 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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Jiangsu Leadmicro Nano Technology Co Inventory Turnover Chart

Jiangsu Leadmicro Nano Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.39

0.49

0.62

0.57

0.45

Jiangsu Leadmicro Nano Technology Co Quarterly Data
	Dec17	Dec18	Mar19	Dec19	Mar20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial													0.03	0.10	0.15	0.12	0.03

Jiangsu Leadmicro Nano Technology Co Inventory Turnover Calculation

Jiangsu Leadmicro Nano Technology 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 )
=	946.691	/ (	(975.385	+	3217.345)	/	2 )
=	946.691	/	2096.365
=	0.45

Jiangsu Leadmicro Nano Technology 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 )
=	97.46	/ (	(3217.345	+	4068.58)	/	2 )
=	97.46	/	3642.9625
=	0.03

Jiangsu Leadmicro Nano Technology Co (SHSE:688147) 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.

Jiangsu Leadmicro Nano Technology 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
	=	3642.9625	/	97.46	*	365 / 4
	=	3,410.84

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.

Jiangsu Leadmicro Nano Technology 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 )
	=	3642.9625	/	170.695
	=	21.34

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.

Jiangsu Leadmicro Nano Technology Co Inventory Turnover Related Terms

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Jiangsu Leadmicro Nano Technology Co (SHSE:688147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Leadmicro Nano Technology Co Ltd (SHSE:688147) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11 Lijiang Road, Xinwu District, Jiangsu Province, Wuxi, CHN, 214000

Website

https://www.leadmicro.com/

Jiangsu Leadmicro Nano Technology Co Ltd is engaged in the research and development, production and sales of advanced micro- and nano-scale thin film deposition equipment. Its main products are semiconductors and pan-semiconductor ALD equipment and technology, as well as thin-film equipment and mass production solutions for flexible electronics and new generation of high-efficiency solar cells.

Executives

Wu Xing Hua

Core technical personnel

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