Yongxing Special Materials Technology Co (SZSE:002756) Inventory Turnover : 2.01 (As of Mar. 2024)

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What is Yongxing Special Materials Technology 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. Yongxing Special Materials Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,865 Mil. Yongxing Special Materials Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥930 Mil. Yongxing Special Materials Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yongxing Special Materials Technology Co's Days Inventory for the three months ended in Mar. 2024 was 45.48.

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. Yongxing Special Materials Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.40.

Yongxing Special Materials Technology Co Inventory Turnover Historical Data

The historical data trend for Yongxing Special Materials Technology 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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Yongxing Special Materials Technology Co Inventory Turnover Chart

Yongxing Special Materials Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.25

8.74

9.29

8.66

7.36

Yongxing Special Materials Technology 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															2.28	2.63	2.00	1.85	2.01

Yongxing Special Materials Technology Co Inventory Turnover Calculation

Yongxing Special Materials Technology 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 )
=	7679.659	/ (	(991.012	+	1095.893)	/	2 )
=	7679.659	/	1043.4525
=	7.36

Yongxing Special Materials Technology 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 )
=	1865.297	/ (	(1095.893	+	763.337)	/	2 )
=	1865.297	/	929.615
=	2.01

Yongxing Special Materials Technology Co (SZSE:002756) 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.

Yongxing Special Materials Technology 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
	=	929.615	/	1865.297	*	365 / 4
	=	45.48

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.

Yongxing Special Materials Technology 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 )
	=	929.615	/	2300.216
	=	0.40

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.

Yongxing Special Materials Technology Co Inventory Turnover Related Terms

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Yongxing Special Materials Technology Co (SZSE:002756) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yongxing Special Materials Technology Co Ltd (SZSE:002756) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Yangjiabu, Zhejiang province, Huzhou, CHN, 313005

Website

http://www.yongxingbxg.com

Yongxing Special Stainless Steel Co Ltd is engaged in the research and development and production of high-quality stainless steel and nickel-based iron-nickel-based alloy rods and wire. The products of the company are mainly used in petrochemicals, high-pressure boilers, nuclear power, equipment manufacturing, aerospace, and other industrial fields. The product portfolio includes - stainless steel bars, stainless steel wire, and special alloy.

Executives

Gao Yi Bin	Executives
Yao Guo Hua	Executives
Zou Wei Min	Director
Xu Feng	Directors, executives
Gu Jian Qiang	Director
Deng Qian Wen	Executives
Gao Xing Jiang	Directors, executives
Qiu Jian Rong	Directors, executives
Yang Hui	Director
Zhou Gui Rong	Director
Shen Hui Yu	Supervisors
Xu Fa Gen	Supervisors
Li Zheng Zhou	Director
Li De Chun	Director

Yongxing Special Materials Technology Co (SZSE:002756) Headlines

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