Nanjing Allfavor Electronic Co (SZSE:300964) Inventory Turnover : 1.20 (As of Mar. 2024)

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What is Nanjing Allfavor Electronic 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. Nanjing Allfavor Electronic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥98.7 Mil. Nanjing Allfavor Electronic Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥82.2 Mil. Nanjing Allfavor Electronic Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nanjing Allfavor Electronic Co's Days Inventory for the three months ended in Mar. 2024 was 75.98.

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. Nanjing Allfavor Electronic Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.67.

Nanjing Allfavor Electronic Co Inventory Turnover Historical Data

The historical data trend for Nanjing Allfavor Electronic 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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Nanjing Allfavor Electronic Co Inventory Turnover Chart

Nanjing Allfavor Electronic Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.04

5.33

4.28

3.54

4.38

Nanjing Allfavor Electronic Co Quarterly Data
	Dec18	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															0.88	0.99	1.11	1.36	1.20

Nanjing Allfavor Electronic Co Inventory Turnover Calculation

Nanjing Allfavor Electronic 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 )
=	424.797	/ (	(115.43	+	78.554)	/	2 )
=	424.797	/	96.992
=	4.38

Nanjing Allfavor Electronic 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 )
=	98.726	/ (	(78.554	+	85.861)	/	2 )
=	98.726	/	82.2075
=	1.20

Nanjing Allfavor Electronic Co (SZSE:300964) 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.

Nanjing Allfavor Electronic 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
	=	82.2075	/	98.726	*	365 / 4
	=	75.98

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.

Nanjing Allfavor Electronic 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 )
	=	82.2075	/	122.425
	=	0.67

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.

Nanjing Allfavor Electronic Co Inventory Turnover Related Terms

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Nanjing Allfavor Electronic Co (SZSE:300964) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanjing Allfavor Electronic Co Ltd (SZSE:300964) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Kongjia Road, Lishui Economic Development Zone, Jiangsu Province, Nanjing, CHN, 211200

Website

http://www.allfavorpcb.com

Nanjing Allfavor Electronic Co Ltd is dedicated to the production and processing of printed circuit boards. The products are mainly used in communications, automobiles, electric power, electronics, communications, medical, military and other fields.

Executives

Zhou Guo Xiong	Director
Zheng Xiao Chun	Supervisors
Jiang Dong Cheng	Supervisors

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