Gettop Acoustic Co (SZSE:002655) Inventory Turnover : 0.85 (As of Mar. 2024)

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What is Gettop Acoustic 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. Gettop Acoustic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥185 Mil. Gettop Acoustic Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥219 Mil. Gettop Acoustic Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gettop Acoustic Co's Days Inventory for the three months ended in Mar. 2024 was 107.91.

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. Gettop Acoustic Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.

Gettop Acoustic Co Inventory Turnover Historical Data

The historical data trend for Gettop Acoustic 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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Gettop Acoustic Co Inventory Turnover Chart

Gettop Acoustic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.63

4.68

3.27

3.34

3.62

Gettop Acoustic 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															0.57	1.13	1.24	-0.15	0.85

Gettop Acoustic Co Inventory Turnover Calculation

Gettop Acoustic 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 )
=	736.091	/ (	(220.262	+	185.978)	/	2 )
=	736.091	/	203.12
=	3.62

Gettop Acoustic 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 )
=	185.131	/ (	(185.978	+	251.895)	/	2 )
=	185.131	/	218.9365
=	0.85

Gettop Acoustic Co (SZSE:002655) 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.

Gettop Acoustic 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
	=	218.9365	/	185.131	*	365 / 4
	=	107.91

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.

Gettop Acoustic 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 )
	=	218.9365	/	258.868
	=	0.85

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.

Gettop Acoustic Co Inventory Turnover Related Terms

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Gettop Acoustic Co (SZSE:002655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gettop Acoustic Co Ltd (SZSE:002655) » Definitions » Inventory Turnover

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Address

No. 68, Fengshan Road, Fangzi District, Shandong Province, Weifang, CHN

Website

http://www.gettopacoustic.com

Gettop Acoustic Co Ltd is a manufacturer of electro-acoustic components and assemblies as well as a provider of complete electro-acoustic solutions. The company is mainly focusing on the manufacturing miniature microphone, micro speaker/receiver and module products. These products are widely used in mobile communication devices, portable PC, flat panel TV, personal digital device, car kits, and other consumer electronics. The company has an operational presence across Canada, United States of America, Denmark, Finland, Brazil, Japan, Germany, among others.

Executives

Zhang Diao Zhan	Director
Yang Zhi Yong	Supervisors
Zhang Lin Lin	Director
Wang Pei Sen	Supervisors
Yang Jin Jun	Director
Yang Xu Guang	Supervisors
Zhao Du Ren	Director

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