NBTM New Materials Group Co (SHSE:600114) Inventory Turnover : 0.92 (As of Mar. 2024)

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What is NBTM New Materials Group 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. NBTM New Materials Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥837 Mil. NBTM New Materials Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥912 Mil. NBTM New Materials Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NBTM New Materials Group Co's Days Inventory for the three months ended in Mar. 2024 was 99.37.

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. NBTM New Materials Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

NBTM New Materials Group Co Inventory Turnover Historical Data

The historical data trend for NBTM New Materials Group 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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NBTM New Materials Group Co Inventory Turnover Chart

NBTM New Materials Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.52

4.79

4.17

3.51

3.31

NBTM New Materials Group Co Quarterly Data
	Jun19	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															0.73	0.91	0.95	0.90	0.92

NBTM New Materials Group Co Inventory Turnover Calculation

NBTM New Materials Group 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 )
=	2998.868	/ (	(900.079	+	909.576)	/	2 )
=	2998.868	/	904.8275
=	3.31

NBTM New Materials Group 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 )
=	837.319	/ (	(909.576	+	914.036)	/	2 )
=	837.319	/	911.806
=	0.92

NBTM New Materials Group Co (SHSE:600114) 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.

NBTM New Materials Group 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
	=	911.806	/	837.319	*	365 / 4
	=	99.37

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.

NBTM New Materials Group 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 )
	=	911.806	/	1102.132
	=	0.83

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.

NBTM New Materials Group Co Inventory Turnover Related Terms

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NBTM New Materials Group Co (SHSE:600114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NBTM New Materials Group Co Ltd (SHSE:600114) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Jingjiang Road, Jiangshan Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315191

Website

http://www.pm-china.com

NBTM New Materials Group Co Ltd is engaged in producing and selling powder metal structural parts and magnetic materials components in China. It provides car parts, such as car engine, auto transmission, auto chassis, and other products; new energy parts; air condition compressor and refrigerator compressor parts for home appliances; and motorcycle engines, clutches, driven gears, and other components.

Executives

Cao Yang	Director
Lu De Bao	Director
Zhu Zhi Rong	Directors, senior managers
He Ling Min	senior management
Yan Feng Mu	senior management
Xiao Ya Jun	senior management
Xu Kai	senior management
Chen Yi Zhen	Supervisors
Gu Jin	Director
Duo Tian Chang Hong	Director
Shi Xiao Di	senior management
Huang Yong Ping	senior management
Shu Zheng Ping	senior management

NBTM New Materials Group Co (SHSE:600114) Headlines

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