Shenma Industry Co (SHSE:600810) Inventory Turnover : 1.77 (As of Mar. 2024)

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What is Shenma Industry 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. Shenma Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,975 Mil. Shenma Industry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,681 Mil. Shenma Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenma Industry Co's Days Inventory for the three months ended in Mar. 2024 was 51.56.

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. Shenma Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Shenma Industry Co Inventory Turnover Historical Data

The historical data trend for Shenma Industry 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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Shenma Industry Co Inventory Turnover Chart

Shenma Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.45

6.28

9.54

9.69

7.58

Shenma Industry 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															1.67	1.43	2.29	2.15	1.77

Shenma Industry Co Inventory Turnover Calculation

Shenma Industry 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 )
=	11306.58	/ (	(1500.331	+	1481.766)	/	2 )
=	11306.58	/	1491.0485
=	7.58

Shenma Industry 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 )
=	2975.042	/ (	(1481.766	+	1880.373)	/	2 )
=	2975.042	/	1681.0695
=	1.77

Shenma Industry Co (SHSE:600810) 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.

Shenma Industry 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
	=	1681.0695	/	2975.042	*	365 / 4
	=	51.56

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.

Shenma Industry 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 )
	=	1681.0695	/	3354.624
	=	0.50

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.

Shenma Industry Co Inventory Turnover Related Terms

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Shenma Industry Co (SHSE:600810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenma Industry Co Ltd (SHSE:600810) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 63 Jianshe Middle Road, Pingdingshan, Henan, CHN, 467000

Website

http://www.shenma.com

Shenma Industry Co Ltd is engaged in the production and distribution of Nylon 66 tyre cord fabric and other types of industrial yarn in China. Its products include dry adipic acid, cyclohexanol, cyclohexane, nylon 66 grey cloth, nylon 66 dipped type cord fabric, nylon 66 dipping tire bead cloth, nylon 66 dipping canvas, and nylon 66 industrial yarn.

Executives

Liu Xin Ye	Director
Xu Ren Gang	Director
Li Hong Bin	Director
Li Ben Bin	Director
Qi Wen Bing	Director
Zhang Dian Zi	Director
Li Wei	Director
Wei Wei	Director

Shenma Industry Co (SHSE:600810) Headlines

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