Siasun Robot & Automation Co (SZSE:300024) Inventory Turnover : 0.17 (As of Mar. 2024)

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What is Siasun Robot & Automation 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. Siasun Robot & Automation Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥635 Mil. Siasun Robot & Automation Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,685 Mil. Siasun Robot & Automation Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Siasun Robot & Automation Co's Days Inventory for the three months ended in Mar. 2024 was 529.65.

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. Siasun Robot & Automation Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 5.02.

Siasun Robot & Automation Co Inventory Turnover Historical Data

The historical data trend for Siasun Robot & Automation 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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Siasun Robot & Automation Co Inventory Turnover Chart

Siasun Robot & Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.56

0.57

0.92

0.95

0.94

Siasun Robot & Automation 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															0.17	0.18	0.20	0.35	0.17

Siasun Robot & Automation Co Inventory Turnover Calculation

Siasun Robot & Automation 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 )
=	3415.926	/ (	(3601.194	+	3646.2)	/	2 )
=	3415.926	/	3623.697
=	0.94

Siasun Robot & Automation 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 )
=	634.814	/ (	(3646.2	+	3723.256)	/	2 )
=	634.814	/	3684.728
=	0.17

Siasun Robot & Automation Co (SZSE:300024) 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.

Siasun Robot & Automation 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
	=	3684.728	/	634.814	*	365 / 4
	=	529.65

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.

Siasun Robot & Automation 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 )
	=	3684.728	/	733.321
	=	5.02

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.

Siasun Robot & Automation Co Inventory Turnover Related Terms

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Siasun Robot & Automation Co (SZSE:300024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Siasun Robot & Automation Co Ltd (SZSE:300024) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16 Jinhui street, Hunnan new district, Shenyang, CHN, 110168

Website

http://www.siasun.com

Siasun Robot & Automation Co Ltd operates as a robotics company in China. It offers industrial, mobile, and service robots; electronics assembly systems; intelligent logistic, chassis assembly and marriage AGV, and spot welding systems; AS/RS systems; automated charging and swapping systems; and automated vertical warehouse systems.

Executives

Qu Dao Kui	Director
Li Qing Jie	Executives
Lu Zu Xiang	Supervisors
Wang Hong Yu	Directors, executives
Zhao Li Guo	Directors, executives
Li Zheng Gang	Executives
Bian Gui Shi	Supervisors
Cao Ting	Director
Jin Qing Feng	Executives
Liang Bo	Director
Gu Qun	Supervisors
Shi Ze Lin	Supervisors
Wang Yu Shan	Supervisors
Cui Tong	Director

Siasun Robot & Automation Co (SZSE:300024) Headlines

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