Kingenta Ecological Engineering Group Co (SZSE:002470) Inventory Turnover : 0.68 (As of Mar. 2024)

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What is Kingenta Ecological Engineering 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. Kingenta Ecological Engineering Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,683 Mil. Kingenta Ecological Engineering Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,460 Mil. Kingenta Ecological Engineering Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingenta Ecological Engineering Group Co's Days Inventory for the three months ended in Mar. 2024 was 133.36.

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. Kingenta Ecological Engineering Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.25.

Kingenta Ecological Engineering Group Co Inventory Turnover Historical Data

The historical data trend for Kingenta Ecological Engineering 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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Kingenta Ecological Engineering Group Co Inventory Turnover Chart

Kingenta Ecological Engineering Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.98

2.16

3.76

3.56

2.99

Kingenta Ecological Engineering 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															0.95	0.69	0.83	0.67	0.68

Kingenta Ecological Engineering Group Co Inventory Turnover Calculation

Kingenta Ecological Engineering 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 )
=	7841.353	/ (	(2683.999	+	2555.233)	/	2 )
=	7841.353	/	2619.616
=	2.99

Kingenta Ecological Engineering 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 )
=	1683.496	/ (	(2555.233	+	2365.455)	/	2 )
=	1683.496	/	2460.344
=	0.68

Kingenta Ecological Engineering Group Co (SZSE:002470) 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.

Kingenta Ecological Engineering 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
	=	2460.344	/	1683.496	*	365 / 4
	=	133.36

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.

Kingenta Ecological Engineering 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 )
	=	2460.344	/	1961.639
	=	1.25

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.

Kingenta Ecological Engineering Group Co Inventory Turnover Related Terms

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Kingenta Ecological Engineering Group Co (SZSE:002470) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Kingenta Ecological Engineering Group Co Ltd (SZSE:002470) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.19 Xingda west street, Linshu, Shandong Province, Linyi, CHN, 276700

Website

http://www.kingenta.com

Kingenta Ecological Engineering Group Co Ltd engaged in Research and Development, production and marketing of compound/blend fertilizer, slow/controlled release fertilizer and other new fertilizers. Its products include Polymer coated urea, Plant oil coated urea, Polymer sulfur coated urea, Polymer coated fertilizer and other.

Executives

Wu Xiu Qing	Supervisors
Bai Ying	Executives
Wan Lian Bu	Directors, executives
Di Ji Dong	Executives
Cui Bin	Directors, Directors, and Executives
Yang Chun Ju	Securities Affairs Representative
Hu Zhao Ping	Executives
Yan Ming Xiao	Executives
Zheng Shu Lin	Executives
Yang Yan	Supervisors
Li Ji Guo	Executives
Gao Yi Wu	Directors, executives
Zhang Xiao Yi	Director
Wang Shi Qing	Supervisors

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