Joyware Electronics Co (SZSE:300270) Inventory Turnover : 0.33 (As of Mar. 2024)

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What is Joyware Electronics 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. Joyware Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥21.3 Mil. Joyware Electronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥64.9 Mil. Joyware Electronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Joyware Electronics Co's Days Inventory for the three months ended in Mar. 2024 was 278.35.

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. Joyware Electronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.28.

Joyware Electronics Co Inventory Turnover Historical Data

The historical data trend for Joyware Electronics 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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Joyware Electronics Co Inventory Turnover Chart

Joyware Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.64

1.90

2.57

3.43

1.93

Joyware Electronics 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															0.49	0.77	0.51	0.63	0.33

Joyware Electronics Co Inventory Turnover Calculation

Joyware Electronics 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 )
=	116.297	/ (	(61.961	+	58.45)	/	2 )
=	116.297	/	60.2055
=	1.93

Joyware Electronics 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 )
=	21.282	/ (	(58.45	+	71.387)	/	2 )
=	21.282	/	64.9185
=	0.33

Joyware Electronics Co (SZSE:300270) 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.

Joyware Electronics 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
	=	64.9185	/	21.282	*	365 / 4
	=	278.35

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.

Joyware Electronics 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 )
	=	64.9185	/	28.428
	=	2.28

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.

Joyware Electronics Co Inventory Turnover Related Terms

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Joyware Electronics Co (SZSE:300270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Joyware Electronics Co Ltd (SZSE:300270) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.1819 Xixing Road, 19th, Joyware Building, Hangzhou, CHN, 310051

Website

http://www.joyware.com

Joyware Electronics Co Ltd is a Chinese company engaged in providing digital video network monitoring solutions for highways, financial centers, safe cities, boutiques, supermarkets, and apartments. Its products include dome cameras, bullet cameras, fisheye cameras, PTZ cameras, license cameras, and starlight cameras; industrial Ethernet switches, optical transceivers, and wireless products; and storage products, such as NVR and DVR products. In addition, the company also offers OEM and ODM service to various security product companies. The company sells its products in China and other international countries.

Executives

Shi Xu Gang	Director
Zhu Wei Ping	Directors, executives
Shi Gu Chen	Director
Hu Zhi Shui	Executives
Xu Zao Jin	Directors, executives
Zhu Guang Xin	Executives
He Shan Shan	Director
Zhu Dong Yu	Supervisors
Zhang Liang Zhong	Directors, Directors, and Executives

Joyware Electronics Co (SZSE:300270) Headlines

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