Suzhou Jinfu Technology Co (SZSE:300128) Inventory Turnover : 1.13 (As of Mar. 2024)

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What is Suzhou Jinfu Technology 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 Jinfu Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥357 Mil. Suzhou Jinfu Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥317 Mil. Suzhou Jinfu Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Jinfu Technology Co's Days Inventory for the three months ended in Mar. 2024 was 81.00.

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 Jinfu Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.82.

Suzhou Jinfu Technology Co Inventory Turnover Historical Data

The historical data trend for Suzhou Jinfu Technology 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 Jinfu Technology Co Inventory Turnover Chart

Suzhou Jinfu Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.27

6.86

5.44

5.48

4.95

Suzhou Jinfu Technology 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															1.13	1.09	1.13	1.57	1.13

Suzhou Jinfu Technology Co Inventory Turnover Calculation

Suzhou Jinfu Technology 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 )
=	1447.999	/ (	(259.03	+	325.857)	/	2 )
=	1447.999	/	292.4435
=	4.95

Suzhou Jinfu Technology 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 )
=	356.577	/ (	(325.857	+	307.158)	/	2 )
=	356.577	/	316.5075
=	1.13

Suzhou Jinfu Technology Co (SZSE:300128) 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 Jinfu Technology 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
	=	316.5075	/	356.577	*	365 / 4
	=	81.00

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 Jinfu Technology 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 )
	=	316.5075	/	386.981
	=	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 Jinfu Technology Co Inventory Turnover Related Terms

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Suzhou Jinfu Technology Co (SZSE:300128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Jinfu Technology Co Ltd (SZSE:300128) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suzhou Industrial Park, China Sheng Road No. 39, Suzhou, CHN, 215126

Website

http://www.jin-fu.cn

Suzhou Jinfu Technology Co Ltd is mainly engaged in electronic manufacturing, Internet of Things cloud storage and cloud computing services. The company's main products include backlight modules (BLUs), liquid crystal modules (LCMs), photoelectrical display thin film components, testing tools and automatic equipment, heat insulation and shock-absorbing products and precision die cutting equipment, among others.

Executives

Deng Hao	Executives
Li Lei	Executives
Wang Wen De	Directors, executives
Huang Ya Fu	Director
Deng Shi Qiang	Executives
Yang Zheng	Directors, executives
Fu Guo Ping	Directors, Directors, and Executives
Ge Wei Dong	Directors, executives
Weng Zhang Qing	Executives
Yang Xiao Wei	Director
Chen Yan	Securities Affairs Representative
Shen Xiao Hua	Supervisors

Suzhou Jinfu Technology Co (SZSE:300128) Headlines

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