Sichuan Chengfei Integration Technology (SZSE:002190) Inventory Turnover : 0.95 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Sichuan Chengfei Integration Technology 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. Sichuan Chengfei Integration Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥433 Mil. Sichuan Chengfei Integration Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥457 Mil. Sichuan Chengfei Integration Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Chengfei Integration Technology's Days Inventory for the three months ended in Mar. 2024 was 96.30.

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. Sichuan Chengfei Integration Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

Sichuan Chengfei Integration Technology Inventory Turnover Historical Data

The historical data trend for Sichuan Chengfei Integration Technology'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.

Sichuan Chengfei Integration Technology Inventory Turnover Chart

Sichuan Chengfei Integration Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.62

2.90

3.26

3.41

4.37

Sichuan Chengfei Integration Technology 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															0.68	0.95	1.07	1.41	0.95

Sichuan Chengfei Integration Technology Inventory Turnover Calculation

Sichuan Chengfei Integration Technology'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 )
=	1851.476	/ (	(400.402	+	447.479)	/	2 )
=	1851.476	/	423.9405
=	4.37

Sichuan Chengfei Integration Technology'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 )
=	432.784	/ (	(447.479	+	465.947)	/	2 )
=	432.784	/	456.713
=	0.95

Sichuan Chengfei Integration Technology (SZSE:002190) 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.

Sichuan Chengfei Integration Technology'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
	=	456.713	/	432.784	*	365 / 4
	=	96.30

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.

Sichuan Chengfei Integration Technology'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 )
	=	456.713	/	487.428
	=	0.94

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.

Sichuan Chengfei Integration Technology Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Sichuan Chengfei Integration Technology's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Sichuan Chengfei Integration Technology (SZSE:002190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sichuan Chengfei Integration Technology Corp Ltd (SZSE:002190) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Gaopeng Avenue, Chengdu Hi-Tech Industrial Development Zone, Sichuan, Chengdu, CHN, 610041

Website

http://www.cac-citc.com.cn

Sichuan Chengfei Integration Technology Corp Ltd is operating in the auto parts industry. The company is principally engaged in the design, development, and manufacturing of the tools and dies, with typical products such as the dies for the large and high-grade outer skin panels such as the body side, roof, doors, and fenders used in medium and high-grade cars.

Executives

Hu Chuang Jie	Director
Shi Xiao Qing	Directors, executives
Xu Hui Ping	Supervisors

Sichuan Chengfei Integration Technology (SZSE:002190) Headlines

No Headlines