Yinbang Clad Material Co (SZSE:300337) Inventory Turnover : 0.95 (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Yinbang Clad Material 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. Yinbang Clad Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,011 Mil. Yinbang Clad Material Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,064 Mil. Yinbang Clad Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yinbang Clad Material Co's Days Inventory for the three months ended in Mar. 2024 was 96.07.

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. Yinbang Clad Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.95.

Yinbang Clad Material Co Inventory Turnover Historical Data

The historical data trend for Yinbang Clad Material 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.

Yinbang Clad Material Co Inventory Turnover Chart

Yinbang Clad Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.43

3.60

4.20

4.62

4.43

Yinbang Clad Material 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															1.08	1.15	1.05	1.03	0.95

Yinbang Clad Material Co Inventory Turnover Calculation

Yinbang Clad Material 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 )
=	3988.198	/ (	(796.564	+	1005.112)	/	2 )
=	3988.198	/	900.838
=	4.43

Yinbang Clad Material 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 )
=	1010.532	/ (	(1005.112	+	1122.765)	/	2 )
=	1010.532	/	1063.9385
=	0.95

Yinbang Clad Material Co (SZSE:300337) 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.

Yinbang Clad Material 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
	=	1063.9385	/	1010.532	*	365 / 4
	=	96.07

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.

Yinbang Clad Material 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 )
	=	1063.9385	/	1125.471
	=	0.95

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.

Yinbang Clad Material Co Inventory Turnover Related Terms

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

Yinbang Clad Material Co (SZSE:300337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yinbang Clad Material Co Ltd (SZSE:300337) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Houzhai, Hongshan Street, Wuxi New District, Wuxi, CHN, 214145

Website

http://www.cn-yinbang.com

Yinbang Clad Material Co Ltd is focusing on the research and development and production of aluminum clad material and multi-metal clad material. In addition, the company also focuses on metal processing, 3D printing and material research and development, sales and after-sale services. Its products are widely applied in fields like automobile heat exchangers, engineering machinery, air cooling in power station, rail transit, household appliances, aerospace, cellphone, and shipping.

Yinbang Clad Material Co (SZSE:300337) Headlines

No Headlines