Focused Photonics (Hangzhou) (SZSE:300203) Inventory Turnover : 0.35 (As of Sep. 2024)

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What is Focused Photonics (Hangzhou) 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. Focused Photonics (Hangzhou)'s Cost of Goods Sold for the three months ended in Sep. 2024 was ¥499 Mil. Focused Photonics (Hangzhou)'s Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1,424 Mil. Focused Photonics (Hangzhou)'s Inventory Turnover for the quarter that ended in Sep. 2024 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Focused Photonics (Hangzhou)'s Days Inventory for the three months ended in Sep. 2024 was 260.52.

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. Focused Photonics (Hangzhou)'s Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.59.

Focused Photonics (Hangzhou) Inventory Turnover Historical Data

The historical data trend for Focused Photonics (Hangzhou)'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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Focused Photonics (Hangzhou) Inventory Turnover Chart

Focused Photonics (Hangzhou) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.89

2.07

1.89

1.60

1.37

Focused Photonics (Hangzhou) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.30	0.46	0.20	0.35	0.35

Focused Photonics (Hangzhou) Inventory Turnover Calculation

Focused Photonics (Hangzhou)'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 )
=	1868.736	/ (	(1349.885	+	1373.752)	/	2 )
=	1868.736	/	1361.8185
=	1.37

Focused Photonics (Hangzhou)'s Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	498.673	/ (	(1431.405	+	1415.984)	/	2 )
=	498.673	/	1423.6945
=	0.35

Focused Photonics (Hangzhou) (SZSE:300203) 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.

Focused Photonics (Hangzhou)'s Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1423.6945	/	498.673	*	365 / 4
	=	260.52

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.

Focused Photonics (Hangzhou)'s Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1423.6945	/	894.697
	=	1.59

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.

Focused Photonics (Hangzhou) Inventory Turnover Related Terms

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Focused Photonics (Hangzhou) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Focused Photonics (Hangzhou) Inc (SZSE:300203) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Qian'mo Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.fpi-inc.com

Focused Photonics (Hangzhou) Inc. is engaged in R&D, manufacture, and distribution of instruments which are widely used in safety monitoring and environmental protection. It measures gas, air, dust, and water. The company offers its products for use in marine, engine, refinery, chemical, natural gas, iron and steel, power plant, waste incineration, cement, and emission applications. Its products are well known in China and distributed worldwide.

Executives

Gu Hai Tao	Director
Han Shuang Lai	Directors, executives
Wei Jun Zheng	Supervisors
Yao Na Xin	Directors, executives
Wang Jian	Directors, executives
Sun You Xian	Independent director

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