Visionox Technology (SZSE:002387) Inventory Turnover : 4.05 (As of Jun. 2024)

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What is Visionox Technology 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. Visionox Technology's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥2,325 Mil. Visionox Technology's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥574 Mil. Visionox Technology's Inventory Turnover for the quarter that ended in Jun. 2024 was 4.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Visionox Technology's Days Inventory for the three months ended in Jun. 2024 was 22.53.

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. Visionox Technology's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.27.

Visionox Technology Inventory Turnover Historical Data

The historical data trend for Visionox Technology'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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Visionox Technology Inventory Turnover Chart

Visionox Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.05

3.67

8.28

8.83

12.06

Visionox Technology Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															3.18	3.57	4.56	3.72	4.05

Visionox Technology Inventory Turnover Calculation

Visionox Technology'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 )
=	8017.067	/ (	(833.755	+	495.496)	/	2 )
=	8017.067	/	664.6255
=	12.06

Visionox Technology's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	2324.566	/ (	(592.145	+	555.765)	/	2 )
=	2324.566	/	573.955
=	4.05

Visionox Technology (SZSE:002387) 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.

Visionox Technology's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	573.955	/	2324.566	*	365 / 4
	=	22.53

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.

Visionox Technology's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	573.955	/	2136.439
	=	0.27

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.

Visionox Technology Inventory Turnover Related Terms

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Visionox Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Visionox Technology Inc (SZSE:002387) » Definitions » Inventory Turnover

Comparable Companies

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Address

No.1,Longteng Road, Kunshan Economic&Technological Development Zone, Jiangsu, Shanghai, CHN, 215300

Website

http://www.visionox.com

Visionox Technology Inc is engaged in OLED technology development. The products of the company include AMOLED displays, PMOLED displays, and displays for industrial use. The company also provides after sales service.

Executives

Zhang De Qiang	Directors, executives
Yan Ruo Yuan	Directors, executives
Lin Xiu Hai	Directors, executives
Lin Xiu Hao	Director
He Wen Biao	Independent director
Huang Xun Cai	Supervisors
Chen Ru	Director
Huang Shu Zhong	Director, Director Secretary
He Yu Long	Directors, executives
Deng Chan Yu	Supervisors
Lin Shao Ping	Supervisors
Wu Di Nian	Directors, executives
Chen Ke Mei	Executives
Yao Li Chang	Director
Lin Xi Qin	Executives

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