Shandong Polymer Biochemicals Co (SZSE:002476) Inventory Turnover : 0.78 (As of Mar. 2024)

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What is Shandong Polymer Biochemicals 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. Shandong Polymer Biochemicals Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥109.1 Mil. Shandong Polymer Biochemicals Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥139.2 Mil. Shandong Polymer Biochemicals Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Polymer Biochemicals Co's Days Inventory for the three months ended in Mar. 2024 was 116.44.

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. Shandong Polymer Biochemicals Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.04.

Shandong Polymer Biochemicals Co Inventory Turnover Historical Data

The historical data trend for Shandong Polymer Biochemicals 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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Shandong Polymer Biochemicals Co Inventory Turnover Chart

Shandong Polymer Biochemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.99

4.63

7.54

5.56

2.87

Shandong Polymer Biochemicals 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															0.85	0.67	0.83	0.53	0.78

Shandong Polymer Biochemicals Co Inventory Turnover Calculation

Shandong Polymer Biochemicals 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 )
=	322.268	/ (	(84.463	+	139.961)	/	2 )
=	322.268	/	112.212
=	2.87

Shandong Polymer Biochemicals 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 )
=	109.106	/ (	(139.961	+	138.489)	/	2 )
=	109.106	/	139.225
=	0.78

Shandong Polymer Biochemicals Co (SZSE:002476) 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.

Shandong Polymer Biochemicals 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
	=	139.225	/	109.106	*	365 / 4
	=	116.44

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.

Shandong Polymer Biochemicals 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 )
	=	139.225	/	134.39
	=	1.04

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.

Shandong Polymer Biochemicals Co Inventory Turnover Related Terms

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Shandong Polymer Biochemicals Co (SZSE:002476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Polymer Biochemicals Co Ltd (SZSE:002476) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.416,Xisi Road Dongying, Dongying, Shandong, CHN, 257081

Website

http://www.slcapam.com

Shandong Polymer Biochemicals Co Ltd produces and sells oilfield chemicals worldwide. Its business covers oilfield chemicals production, oil and gas engineering technology services, oil and gas development and environmental water treatment. The company's product includes Non-ionic polyacrylamide; Flocculating agent for aluminum oxide; Polyacrylamide for displacement of reservoir oil; Anionic polyacrylamide and Cationic polyacrylamide.

Executives

Gu Qiao Ting	Supervisors
Qu Lei	Directors, executives, securities affairs represen
Liu Shi Ya	Supervisors
Wang Hui Chen	Director
Zhou Wei Dong	Executives
Ren Jian Jun	Executives
Wang Feng	Executives
Liu Hao	Executives
Zhang Dong Shi	Supervisors
Xu Su Xian	Independent director
Du Chun Li	Supervisors

Shandong Polymer Biochemicals Co (SZSE:002476) Headlines

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