Ingenic Semiconductor Co (SZSE:300223) Inventory Turnover : 0.26 (As of Mar. 2024)

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What is Ingenic Semiconductor 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. Ingenic Semiconductor Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥630 Mil. Ingenic Semiconductor Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,395 Mil. Ingenic Semiconductor Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ingenic Semiconductor Co's Days Inventory for the three months ended in Mar. 2024 was 346.94.

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. Ingenic Semiconductor Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.38.

Ingenic Semiconductor Co Inventory Turnover Historical Data

The historical data trend for Ingenic Semiconductor 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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Ingenic Semiconductor Co Inventory Turnover Chart

Ingenic Semiconductor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.13

2.23

2.44

1.79

1.21

Ingenic Semiconductor 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															0.29	0.31	0.32	0.29	0.26

Ingenic Semiconductor Co Inventory Turnover Calculation

Ingenic Semiconductor 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 )
=	2850.001	/ (	(2303.837	+	2404.781)	/	2 )
=	2850.001	/	2354.309
=	1.21

Ingenic Semiconductor 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 )
=	629.978	/ (	(2404.781	+	2385.736)	/	2 )
=	629.978	/	2395.2585
=	0.26

Ingenic Semiconductor Co (SZSE:300223) 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.

Ingenic Semiconductor 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
	=	2395.2585	/	629.978	*	365 / 4
	=	346.94

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.

Ingenic Semiconductor 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 )
	=	2395.2585	/	1007.095
	=	2.38

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.

Ingenic Semiconductor Co Inventory Turnover Related Terms

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Ingenic Semiconductor Co (SZSE:300223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ingenic Semiconductor Co Ltd (SZSE:300223) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Xibeiwang East Road, East Building 14, Courtyard No. 10, Haidian District, Beijing, CHN, 100193

Website

http://www.ingenic.cn

Ingenic Semiconductor Co Ltd is a China-based company engaged in the research and development, manufacture, and sale of central processing unit (CPU) chips and supporting software platform. It offers solutions for wearables and consumer devices markets, which cover smart Internet of things, smart videos, smart wearables, and CPU technology products.

Executives

Zhang Jin	Directors, executives
Xian Yong Hui	Directors, executives
Zhang Yan Xiang	Supervisors
Zhang Min	Directors, executives
Li Jie	Director
Liu Qiang	Directors, executives
Bai Jie	Securities Affairs Representative
Huang Lei	Executives
Xu Zhi Peng	Supervisors
Yan Xiao Jing	Supervisors
Liu Fei	Supervisors
Jiang Jun	Supervisors

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