Unigroup Guoxin Microelectronics Co (SZSE:002049) Inventory Turnover : 0.19 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Unigroup Guoxin Microelectronics 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. Unigroup Guoxin Microelectronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥483 Mil. Unigroup Guoxin Microelectronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,490 Mil. Unigroup Guoxin Microelectronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Unigroup Guoxin Microelectronics Co's Days Inventory for the three months ended in Mar. 2024 was 470.66.

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. Unigroup Guoxin Microelectronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.18.

Unigroup Guoxin Microelectronics Co Inventory Turnover Historical Data

The historical data trend for Unigroup Guoxin Microelectronics 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.

* Premium members only.

Unigroup Guoxin Microelectronics Co Inventory Turnover Chart

Unigroup Guoxin Microelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.53

1.69

2.05

1.50

1.24

Unigroup Guoxin Microelectronics 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															0.21	0.29	0.26	0.34	0.19

Unigroup Guoxin Microelectronics Co Inventory Turnover Calculation

Unigroup Guoxin Microelectronics 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 )
=	2935.956	/ (	(2213.238	+	2513.398)	/	2 )
=	2935.956	/	2363.318
=	1.24

Unigroup Guoxin Microelectronics 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 )
=	482.774	/ (	(2513.398	+	2466.815)	/	2 )
=	482.774	/	2490.1065
=	0.19

Unigroup Guoxin Microelectronics Co (SZSE:002049) 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.

Unigroup Guoxin Microelectronics 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
	=	2490.1065	/	482.774	*	365 / 4
	=	470.66

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.

Unigroup Guoxin Microelectronics 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 )
	=	2490.1065	/	1140.612
	=	2.18

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.

Unigroup Guoxin Microelectronics Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Unigroup Guoxin Microelectronics Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Unigroup Guoxin Microelectronics Co (SZSE:002049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Unigroup Guoxin Microelectronics Co Ltd (SZSE:002049) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Wangzhuang Road, 15th Floor, Building D, Tsinghua Tongfang Hi-tech Plaza, Haidian District, Beijing, CHN, 100083

Website

http://www.gosinoic.com

Unigroup Guoxin Microelectronics Co Ltd is a professional integrated circuit design company. It provides integrated circuit chips, smart card chip, terminal chip, special ICs and crystal chips. The company has five existing business sections, including Tongfang Microelectronics engaged in the smart card chip design business, Shenzhen Guowei engaged in IC design in a specific industry, Unigroup Tongchuang engaged in FPGA, Xi 'an Unigroup Guoxin engaged in memory chip design, and Crystal Business Department engaged in crystal business.

Executives

Yan Li Qun	Executives
Wang Zhi Hua	Supervisors
Shen Hong	Supervisors
Zhang Li Qiang	Supervisors
Zhu Chang Hua	Directors, executives
Meng Ling Fu	Supervisors
Lu Zhi Cheng	Director
Zhang Huai Fang	Supervisors
Guo Hong Yu	Supervisors
Bi Li Xin	Director
Wang Xiao Dong	Supervisors
Hu Zhi Xiong	Executives
Wu Jie	Directors, executives
Tao Zhi Ming	Executives
Li Yan Qin	Executives

Unigroup Guoxin Microelectronics Co (SZSE:002049) Headlines

No Headlines