Guangzhou Newlife New Material Co (SZSE:301323) Inventory Turnover : 0.90 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Guangzhou Newlife New 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. Guangzhou Newlife New Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥117.0 Mil. Guangzhou Newlife New Material Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥130.1 Mil. Guangzhou Newlife New Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Newlife New Material Co's Days Inventory for the three months ended in Mar. 2024 was 101.44.

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. Guangzhou Newlife New Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.68.

Guangzhou Newlife New Material Co Inventory Turnover Historical Data

The historical data trend for Guangzhou Newlife New 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.

Guangzhou Newlife New Material Co Inventory Turnover Chart

Guangzhou Newlife New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.50

4.23

4.69

3.77

3.86

Guangzhou Newlife New Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial										0.82	0.94	0.99	1.06	0.90

Guangzhou Newlife New Material Co Inventory Turnover Calculation

Guangzhou Newlife New 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 )
=	490.065	/ (	(123.68	+	130.07)	/	2 )
=	490.065	/	126.875
=	3.86

Guangzhou Newlife New 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 )
=	117.007	/ (	(130.07	+	130.065)	/	2 )
=	117.007	/	130.0675
=	0.90

Guangzhou Newlife New Material Co (SZSE:301323) 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.

Guangzhou Newlife New 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
	=	130.0675	/	117.007	*	365 / 4
	=	101.44

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.

Guangzhou Newlife New 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 )
	=	130.0675	/	190.177
	=	0.68

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.

Guangzhou Newlife New Material Co Inventory Turnover Related Terms

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

Guangzhou Newlife New Material Co (SZSE:301323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Newlife New Material Co Ltd (SZSE:301323) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Canghai 4th Road, Guangzhou Economic and Technological Development Zone, Yonghe Economic Zone, Guangdong, Guangzhou, CHN, 511356

Website

http://www.kingmagnet.com

Guangzhou Newlife New Material Co Ltd is focused on the research and development and production of magnetic materials, electronic ceramic materials and devices. Its products are divided into two major product directions: civil and industrial. Industrial products mainly focus on the research and development and production of mobile phones and micro-motor peripheral products, including varistors, copper (high specific gravity alloys), thermistors (NTC), high-energy radiation protection materials, medical radiation shielding materials, nuclear radiation shielding materials, etc. Civilian products include magnetic glue materials, magnetic products, Jingyisi, magnetic advertising materials, soft magnetic coatings, etc.

Guangzhou Newlife New Material Co (SZSE:301323) Headlines

No Headlines