Valiant Co (SZSE:002643) Inventory Turnover : 0.28 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Valiant 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. Valiant Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥548 Mil. Valiant Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,948 Mil. Valiant Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Valiant Co's Days Inventory for the three months ended in Mar. 2024 was 324.38.

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. Valiant Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.08.

Valiant Co Inventory Turnover Historical Data

The historical data trend for Valiant 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.

Valiant Co Inventory Turnover Chart

Valiant Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.62

1.36

2.05

1.76

1.26

Valiant 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															0.31	0.30	0.30	0.32	0.28

Valiant Co Inventory Turnover Calculation

Valiant 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 )
=	2475.9	/ (	(1967.468	+	1957.301)	/	2 )
=	2475.9	/	1962.3845
=	1.26

Valiant 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 )
=	548.02	/ (	(1957.301	+	1939.011)	/	2 )
=	548.02	/	1948.156
=	0.28

Valiant Co (SZSE:002643) 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.

Valiant 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
	=	1948.156	/	548.02	*	365 / 4
	=	324.38

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.

Valiant 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 )
	=	1948.156	/	937.891
	=	2.08

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.

Valiant Co Inventory Turnover Related Terms

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

Valiant Co (SZSE:002643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Valiant Co Ltd (SZSE:002643) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 11, Wuzhishan Road, Economic and Technological Development Zone, Shandong Province, Yantai, CHN, 264006

Website

http://www.valiant-cn.com

Valiant Co Ltd is a China-based company principally engaged in the research, development, manufacture and sale of electronic information materials, environmental protection materials and health-care materials. The company's main products include liquid crystal, monomer, organic light emitting diode materials, APIs, intermediates and other chemicals. Geographically the activities are carried out through China.

Executives

Wang Ji Hua	Executives
Wang Huan Jie	Directors, executives

Leng Qian	Director
Wang Zhong Li	Directors, executives
Zhao Feng Qi	Director
Gao Bin	Executives
Hu Bao Hua	Executives
Zhang Peng	Supervisors
Zuo Zhuo	Independent director
Hu Tian Xiao	Supervisors
Xiao Yong Qiang	Executives
Dai Xiu Yun	Executives
Dong Zhi Zhong	Supervisors

Valiant Co (SZSE:002643) Headlines

No Headlines