GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chengdu Rainbow Appliance (Group) Shares Co Ltd (SZSE:003023) » Definitions » Inventory-to-Revenue

Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Inventory-to-Revenue : 1.46 (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Chengdu Rainbow Appliance (Group) Shares Co Inventory-to-Revenue?

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. Chengdu Rainbow Appliance (Group) Shares Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥462 Mil. Chengdu Rainbow Appliance (Group) Shares Co's Revenue for the three months ended in Mar. 2024 was ¥315 Mil. Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.46.

Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.91) to Dec. 2023 (1.46)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chengdu Rainbow Appliance (Group) Shares Co's Days Inventory for the three months ended in Mar. 2024 was 235.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chengdu Rainbow Appliance (Group) Shares Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.39.


Chengdu Rainbow Appliance (Group) Shares Co Inventory-to-Revenue Historical Data

The historical data trend for Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue 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.

* Premium members only.

Chengdu Rainbow Appliance (Group) Shares Co Inventory-to-Revenue Chart

Chengdu Rainbow Appliance (Group) Shares Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial 0.43 0.43 0.43 0.44 0.36

Chengdu Rainbow Appliance (Group) Shares Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.91 1.73 3.62 0.91 1.46

Competitive Comparison of Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue

For the Household & Personal Products subindustry, Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue falls into.



Chengdu Rainbow Appliance (Group) Shares Co Inventory-to-Revenue Calculation

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.

Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (496.327 + 443.962) / 2 ) / 1293.897
=470.1445 / 1293.897
=0.36

Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (443.962 + 479.223) / 2 ) / 315.359
=461.5925 / 315.359
=1.46

* 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.


Chengdu Rainbow Appliance (Group) Shares Co  (SZSE:003023) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Chengdu Rainbow Appliance (Group) Shares 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
=461.5925/178.845*365 / 4
=235.51

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Chengdu Rainbow Appliance (Group) Shares Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=178.845 / 461.5925
=0.39

* 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.


Chengdu Rainbow Appliance (Group) Shares Co Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of Chengdu Rainbow Appliance (Group) Shares Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Business Description

Traded in Other Exchanges
N/A
Address
No. 73, Shunjiang Section, Wuhou Avenue, Wuhou District, Sichuan Province, Chengdu, CHN, 610045
Chengdu Rainbow Appliance (Group) Shares Co Ltd is engaged in the research and development, production and sales of household flexible heating appliances. The products offered by the company include electric blankets, electric hand warmers, and electric mosquito coil liquid, electric mosquito coils, disc mosquito coils, and insecticidal aerosols.

Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Headlines

No Headlines