SF Diamond Co (SZSE:300179) Inventory Turnover : 0.34 (As of Mar. 2024)

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

What is SF Diamond 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. SF Diamond Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥62.9 Mil. SF Diamond Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥186.3 Mil. SF Diamond Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SF Diamond Co's Days Inventory for the three months ended in Mar. 2024 was 270.18.

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. SF Diamond Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.42.

SF Diamond Co Inventory Turnover Historical Data

The historical data trend for SF Diamond 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.

SF Diamond Co Inventory Turnover Chart

SF Diamond Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.88

1.71

2.37

1.95

1.66

SF Diamond 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															0.44	0.42	0.37	0.38	0.34

SF Diamond Co Inventory Turnover Calculation

SF Diamond 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 )
=	263.004	/ (	(145.485	+	170.653)	/	2 )
=	263.004	/	158.069
=	1.66

SF Diamond 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 )
=	62.912	/ (	(170.653	+	201.902)	/	2 )
=	62.912	/	186.2775
=	0.34

SF Diamond Co (SZSE:300179) 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.

SF Diamond 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
	=	186.2775	/	62.912	*	365 / 4
	=	270.18

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.

SF Diamond 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 )
	=	186.2775	/	130.921
	=	1.42

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.

SF Diamond Co Inventory Turnover Related Terms

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

SF Diamond Co (SZSE:300179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SF Diamond Co Ltd (SZSE:300179) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 109, 10th Street, Economic & Technological Development Area, Zhengzhou, CHN, 450016

Website

http://www.sf-diamond.com

SF Diamond Co Ltd is a China-based company engages in the manufacture of Polycrystalline Diamond (PCD) and related products. Its products include PCD cutters, PCD cutting tool blanks, PCD die blankets for wire drawing, Solid PCBN, Carbided PDBN, and PDC pick.

Executives

Lin Zhi Jun	Executives
Shi Jin Bang	Executives
Liu Hai Bing	Secretary Dong
Gao Hua	Directors, executives
Yan Xiao Ping	Director
Fang Chun Feng	Directors, executives
Fu Xiao Cheng	Director
Guo Rong Fu	Executives
Fang Xiao Jun	Director
Fang Hai Jiang	Directors, executives
Song Yan Ling	Supervisors
Yang Guo Dong	Directors, executives
Zhao Zhi Jun	Independent director
Zou Qun Ying	Director
Zou Hong Ying	Supervisors

SF Diamond Co (SZSE:300179) Headlines

No Headlines