Suzhou Good-Ark Electronics Co (SZSE:002079) Inventory Turnover : 2.02 (As of Mar. 2024)

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What is Suzhou Good-Ark 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. Suzhou Good-Ark Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,011 Mil. Suzhou Good-Ark Electronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥501 Mil. Suzhou Good-Ark Electronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Good-Ark Electronics Co's Days Inventory for the three months ended in Mar. 2024 was 45.19.

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. Suzhou Good-Ark Electronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Suzhou Good-Ark Electronics Co Inventory Turnover Historical Data

The historical data trend for Suzhou Good-Ark 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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Suzhou Good-Ark Electronics Co Inventory Turnover Chart

Suzhou Good-Ark Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.47

7.20

7.18

7.39

8.16

Suzhou Good-Ark 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															1.54	2.04	2.34	2.41	2.02

Suzhou Good-Ark Electronics Co Inventory Turnover Calculation

Suzhou Good-Ark 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 )
=	3500.337	/ (	(384.97	+	473.14)	/	2 )
=	3500.337	/	429.055
=	8.16

Suzhou Good-Ark 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 )
=	1011.093	/ (	(473.14	+	528.326)	/	2 )
=	1011.093	/	500.733
=	2.02

Suzhou Good-Ark Electronics Co (SZSE:002079) 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.

Suzhou Good-Ark 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
	=	500.733	/	1011.093	*	365 / 4
	=	45.19

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.

Suzhou Good-Ark 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 )
	=	500.733	/	1140.157
	=	0.44

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.

Suzhou Good-Ark Electronics Co Inventory Turnover Related Terms

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Suzhou Good-Ark Electronics Co (SZSE:002079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Good-Ark Electronics Co Ltd (SZSE:002079) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 31, Tongxi Road, Tongan Development Zone, Jiangsu, Suzhou, CHN, 215002

Website

http://www.goodark.com

Suzhou Good-Ark Electronics Co Ltd is a China-based company engaged in the semiconductor industry. It designs, manufactures, packages and sells semiconductors. The products offered by the company include the leadless integrated circuits and discrete devices, automotive rectifier diode, power modules, rectifier diode chip, silicon rectifier diodes, switching diodes, Zener diodes, miniature bridges, military fuse, and photovoltaic bypass module. The company sells its products in China and other countries.

Executives

Wu Nian Bo	Director
Xie Qian Qian	Executives
Teng You Xi	Directors, executives
Yang Xiao Ping	Executives
Gu Mei Jun	Executives
Wen Su Bin	Independent director
Tang Zai Nan	Directors, executives
Yang Shuo	Securities Affairs Representative
Huang Hao Rong	Supervisors
Lu Fei Min	Supervisors
Jiang Xiao Hang	Supervisors

Suzhou Good-Ark Electronics Co (SZSE:002079) Headlines

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