Nine Dragons Paper (Holdings) (FRA:N3Y) Inventory Turnover : 3.05 (As of Dec. 2023)

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What is Nine Dragons Paper (Holdings) 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. Nine Dragons Paper (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was €3,584 Mil. Nine Dragons Paper (Holdings)'s Average Total Inventories for the quarter that ended in Dec. 2023 was €1,175 Mil. Nine Dragons Paper (Holdings)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 3.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nine Dragons Paper (Holdings)'s Days Inventory for the six months ended in Dec. 2023 was 59.83.

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. Nine Dragons Paper (Holdings)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Nine Dragons Paper (Holdings) Inventory Turnover Historical Data

The historical data trend for Nine Dragons Paper (Holdings)'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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Nine Dragons Paper (Holdings) Inventory Turnover Chart

Nine Dragons Paper (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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6.31

6.44

7.50

5.85

4.97

Nine Dragons Paper (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.30	2.47	2.73	2.60	3.05

Nine Dragons Paper (Holdings) Inventory Turnover Calculation

Nine Dragons Paper (Holdings)'s Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	7115.664	/ (	(1719.577	+	1141.367)	/	2 )
=	7115.664	/	1430.472
=	4.97

Nine Dragons Paper (Holdings)'s Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3583.854	/ (	(1141.367	+	1208.618)	/	2 )
=	3583.854	/	1174.9925
=	3.05

Nine Dragons Paper (Holdings) (FRA:N3Y) 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.

Nine Dragons Paper (Holdings)'s Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1174.9925	/	3583.854	*	365 / 2
	=	59.83

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.

Nine Dragons Paper (Holdings)'s Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1174.9925	/	3931.332
	=	0.30

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.

Nine Dragons Paper (Holdings) Inventory Turnover Related Terms

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Nine Dragons Paper (Holdings) (FRA:N3Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nine Dragons Paper (Holdings) Ltd (FRA:N3Y) » Definitions » Inventory Turnover

Traded in Other Exchanges

NDGPY:USA NDGPF:USA 02689:Hong Kong

Address

No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN

Website

http://www.ndpaper.com

Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company predominantly produces liner board, corrugating medium, and coated duplex boards. In addition to packaging paperboard, the Group is also engaged in the production of printing and writing a paper in Dongguan and Taicang and the development of packaging paperboard and specialty paper production in Leshan, Sichuan Province. Substantial part of the company's revenues are generated from the sale of packaging paper and the rest from sales of printing and writing paper, high-value specialty paper products, and Pulp.

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