Atlantic China Welding Consumables (SHSE:600558) Inventory Turnover : 1.20 (As of Mar. 2024)

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What is Atlantic China Welding Consumables 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. Atlantic China Welding Consumables's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥853 Mil. Atlantic China Welding Consumables's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥709 Mil. Atlantic China Welding Consumables's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atlantic China Welding Consumables's Days Inventory for the three months ended in Mar. 2024 was 75.87.

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. Atlantic China Welding Consumables's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.

Atlantic China Welding Consumables Inventory Turnover Historical Data

The historical data trend for Atlantic China Welding Consumables'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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Atlantic China Welding Consumables Inventory Turnover Chart

Atlantic China Welding Consumables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.51

4.58

4.63

4.34

4.26

Atlantic China Welding Consumables 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															1.20	1.27	1.22	0.96	1.20

Atlantic China Welding Consumables Inventory Turnover Calculation

Atlantic China Welding Consumables'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 )
=	2991.359	/ (	(645.563	+	758.279)	/	2 )
=	2991.359	/	701.921
=	4.26

Atlantic China Welding Consumables'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 )
=	852.888	/ (	(758.279	+	659.926)	/	2 )
=	852.888	/	709.1025
=	1.20

Atlantic China Welding Consumables (SHSE:600558) 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.

Atlantic China Welding Consumables'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
	=	709.1025	/	852.888	*	365 / 4
	=	75.87

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.

Atlantic China Welding Consumables'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 )
	=	709.1025	/	984.605
	=	0.72

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.

Atlantic China Welding Consumables Inventory Turnover Related Terms

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Atlantic China Welding Consumables (SHSE:600558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atlantic China Welding Consumables Inc (SHSE:600558) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 2 Machongkou Street, Da'an District, Zigong, Sichuan, CHN, 643010

Website

http://www.weldatlantic.com

Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. Its products include mild steel electrodes, cellulose electrodes, high toughness electrodes, low alloy steel electrodes, hard facing electrodes, stainless steel electrodes, low-temperature steel electrodes, Mo and Cr-Mo heat resistant steel electrodes, and cast-iron electrodes. The company's products are widely used in power station boilers, pressure vessels, nuclear and space industries, bridges, ships, vehicles, petroleum and chemical industry, hydropower and thermal power stations.

Executives

Yang Fang	Supervisors
Lan Kun	Director

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