Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Inventory Turnover : 1.05 (As of Mar. 2024)

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What is Suzhou Dongshan Precision Manufacturing 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 Dongshan Precision Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,691 Mil. Suzhou Dongshan Precision Manufacturing Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥6,387 Mil. Suzhou Dongshan Precision Manufacturing Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Dongshan Precision Manufacturing Co's Days Inventory for the three months ended in Mar. 2024 was 87.10.

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 Dongshan Precision Manufacturing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.82.

Suzhou Dongshan Precision Manufacturing Co Inventory Turnover Historical Data

The historical data trend for Suzhou Dongshan Precision Manufacturing 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 Dongshan Precision Manufacturing Co Inventory Turnover Chart

Suzhou Dongshan Precision Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.61

4.50

4.37

4.12

4.58

Suzhou Dongshan Precision Manufacturing 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															0.88	0.99	1.12	1.37	1.05

Suzhou Dongshan Precision Manufacturing Co Inventory Turnover Calculation

Suzhou Dongshan Precision Manufacturing 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 )
=	28541.641	/ (	(6165.738	+	6293.879)	/	2 )
=	28541.641	/	6229.8085
=	4.58

Suzhou Dongshan Precision Manufacturing 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 )
=	6691.217	/ (	(6293.879	+	6480.397)	/	2 )
=	6691.217	/	6387.138
=	1.05

Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) 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 Dongshan Precision Manufacturing 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
	=	6387.138	/	6691.217	*	365 / 4
	=	87.10

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 Dongshan Precision Manufacturing 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 )
	=	6387.138	/	7744.805
	=	0.82

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 Dongshan Precision Manufacturing Co Inventory Turnover Related Terms

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Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Dongshan Precision Manufacturing Co Ltd (SZSE:002384) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Tangdong Road, Wuzhong Economic Development Zone, Suzhou, CHN, 215124

Website

http://www.sz-dsbj.com

Suzhou Dongshan Precision Manufacturing Co Ltd is a China-based company involved in the research, development, manufacture, and sale of precision metal products. It provides precision manufacturing services for LED lighting, LCM & machine, smart device, and communication device among others.

Executives

Yuan Yong Feng	Directors, executives
Yuan Yong Gang	Director
Dan Jian Bin	Director
Wang Xu	Directors, executives
Mao Xiao Yan	Directors, Directors, and Executives
Fei Li Jian	Supervisors
Huang Li Gui	Director
Zheng Feng	Independent director
Xu Yi Min	Directors, executives
Zhou Gui Hua	Executives
Chen Xiao Yong	Director

Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Headlines

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