Sichuan Etrol Technologies Co (SZSE:300370) Inventory Turnover : 0.32 (As of Mar. 2024)

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What is Sichuan Etrol Technologies 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. Sichuan Etrol Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥30.5 Mil. Sichuan Etrol Technologies Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥94.6 Mil. Sichuan Etrol Technologies Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Etrol Technologies Co's Days Inventory for the three months ended in Mar. 2024 was 283.14.

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. Sichuan Etrol Technologies Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.23.

Sichuan Etrol Technologies Co Inventory Turnover Historical Data

The historical data trend for Sichuan Etrol Technologies 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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Sichuan Etrol Technologies Co Inventory Turnover Chart

Sichuan Etrol Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.83

2.00

2.12

2.58

3.79

Sichuan Etrol Technologies 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															0.38	0.46	0.72	1.81	0.32

Sichuan Etrol Technologies Co Inventory Turnover Calculation

Sichuan Etrol Technologies 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 )
=	380.422	/ (	(111.291	+	89.248)	/	2 )
=	380.422	/	100.2695
=	3.79

Sichuan Etrol Technologies 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 )
=	30.496	/ (	(89.248	+	100.003)	/	2 )
=	30.496	/	94.6255
=	0.32

Sichuan Etrol Technologies Co (SZSE:300370) 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.

Sichuan Etrol Technologies 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
	=	94.6255	/	30.496	*	365 / 4
	=	283.14

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.

Sichuan Etrol Technologies 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 )
	=	94.6255	/	42.517
	=	2.23

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.

Sichuan Etrol Technologies Co Inventory Turnover Related Terms

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Sichuan Etrol Technologies Co (SZSE:300370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sichuan Etrol Technologies Co Ltd (SZSE:300370) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Building 9, Jinrun Industrial Park, Xuzhou District, Sichuan Province, Yibin, CHN, 100095

Website

http://www.etrol.com

Sichuan Etrol Technologies Co Ltd is a Chinese manufacturer of automation products. Its products include DCS, RTU, instruments, environment protection equipment, skid-mounted equipment and application software, and others. The company offers solutions to customers in various industries, covering Oil & Gas, Chemical Industry, Coal bed Methane (CBM), water and waste water, heating, city gas, power plant, environment protection, robot, intelligent building, smart granary, smart city, among others.

Executives

Zhong Xiao Kang	Supervisors
Li Shi Qiang	Supervisors
Zhang Lei	Directors, executives
Li Chun Fu	Directors, Directors, and Executives
Wang Wen Ming	Director
Zhang Bin	Executives
Yu Ling	Director
Dong Ai Min	Director
Zhuang Gui Lin	Director
Wang Bin	Executives
Zhuo Ming	Director
Song Wei Hong	Director
Nie Rong Xin	Secretary Dong
Liu Xiao Liang	Supervisors
Zhang Jian Ping	Supervisors

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