Qingdao KingKing Applied Chemistry Co (SZSE:002094) Inventory Turnover : 0.79 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Qingdao KingKing Applied Chemistry 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. Qingdao KingKing Applied Chemistry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥273 Mil. Qingdao KingKing Applied Chemistry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥346 Mil. Qingdao KingKing Applied Chemistry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qingdao KingKing Applied Chemistry Co's Days Inventory for the three months ended in Mar. 2024 was 115.81.

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. Qingdao KingKing Applied Chemistry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.05.

Qingdao KingKing Applied Chemistry Co Inventory Turnover Historical Data

The historical data trend for Qingdao KingKing Applied Chemistry 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.

* Premium members only.

Qingdao KingKing Applied Chemistry Co Inventory Turnover Chart

Qingdao KingKing Applied Chemistry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.94

4.21

3.79

5.07

5.92

Qingdao KingKing Applied Chemistry 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															1.70	1.52	1.57	0.43	0.79

Qingdao KingKing Applied Chemistry Co Inventory Turnover Calculation

Qingdao KingKing Applied Chemistry 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 )
=	2259.254	/ (	(429.588	+	333.279)	/	2 )
=	2259.254	/	381.4335
=	5.92

Qingdao KingKing Applied Chemistry 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 )
=	273.003	/ (	(333.279	+	359.68)	/	2 )
=	273.003	/	346.4795
=	0.79

Qingdao KingKing Applied Chemistry Co (SZSE:002094) 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.

Qingdao KingKing Applied Chemistry 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
	=	346.4795	/	273.003	*	365 / 4
	=	115.81

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.

Qingdao KingKing Applied Chemistry 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 )
	=	346.4795	/	331.434
	=	1.05

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.

Qingdao KingKing Applied Chemistry Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Qingdao KingKing Applied Chemistry Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Qingdao KingKing Applied Chemistry Co (SZSE:002094) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Qingdao KingKing Applied Chemistry Co Ltd (SZSE:002094) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Hong Kong Middle Road, Futai Plaza, Block B, 24F, Qingdao, Hebei, CHN, 266071

Website

http://www.chinakingking.com

Qingdao KingKing Applied Chemistry Co Ltd is engaged in manufacturing cosmetic and consumer goods.

Executives

Xing Jing	Executives
Guo Yong	Executives
Yang Wei Cheng	Supervisors
Du Xin Qiang	Directors, Directors, and Executives
Tang Feng Jie	Directors, executives
Xu Sheng Rui	Independent director
Xue Shan	Executives

Qingdao KingKing Applied Chemistry Co (SZSE:002094) Headlines

No Headlines