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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. China XD Plastics Co's Cost of Goods Sold for the three months ended in Dec. 2020 was $530 Mil. China XD Plastics Co's Average Total Inventories for the quarter that ended in Dec. 2020 was $664 Mil. China XD Plastics Co's Inventory Turnover for the quarter that ended in Dec. 2020 was 0.80.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China XD Plastics Co's Days Inventory for the three months ended in Dec. 2020 was 114.31.
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. China XD Plastics Co's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 1.12.
The historical data trend for China XD Plastics 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.
China XD Plastics Co Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 3.32 | 3.00 | 2.03 | 1.95 | 1.91 |
China XD Plastics Co Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Inventory Turnover | Get a 7-Day Free Trial | 0.40 | 0.22 | 0.37 | 0.36 | 0.80 |
China XD Plastics Co's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as
Inventory Turnover (A: Dec. 2020 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2020 ) | / ( | (Total Inventories (A: Dec. 2019 ) | + | Total Inventories (A: Dec. 2020 )) | / | count ) |
= | 1168.183 | / ( | (642.51 | + | 577.935) | / | 2 ) |
= | 1168.183 | / | 610.2225 | ||||
= | 1.91 |
China XD Plastics Co's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as
Inventory Turnover (Q: Dec. 2020 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Dec. 2020 ) | / ( | (Total Inventories (Q: Sep. 2020 ) | + | Total Inventories (Q: Dec. 2020 )) | / | count ) |
= | 529.758 | / ( | (749.37 | + | 577.935) | / | 2 ) |
= | 529.758 | / | 663.6525 | ||||
= | 0.80 |
* 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.
China XD Plastics Co (OTCPK:CXDC) 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.
China XD Plastics Co's Days Inventory for the three months ended in Dec. 2020 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2020 ) | / | Cost of Goods Sold (Q: Dec. 2020 ) | * | Days in Period |
= | 663.6525 | / | 529.758 | * | 365 / 4 | |
= | 114.31 |
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.
China XD Plastics Co's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2020 ) | / | Revenue (Q: Dec. 2020 ) |
= | 663.6525 | / | 593.785 | |
= | 1.12 |
* 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.
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.
Thank you for viewing the detailed overview of China XD Plastics Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Dahe Zhang | director, officer: Chief Financial Officer | 500 5TH AVENUE, SUITE 4120, NEW YORK NY 10110 |
Jie Han | director, 10 percent owner, officer: Chief Executive Officer | NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
Qingwei Ma | officer: Chief Operating Officer | NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
Faith Dawn Ltd | 10 percent owner | NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000 |
Faith Abundant Ltd | 10 percent owner | NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000 |
Guanbao Huang | director | NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060 |
Huiyi Chen | director | NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060 |
Junjie Ma | officer: Chief Technology Officer | NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
North Haven Private Equity Asia Iii, L.p. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
North Haven Private Equity Asia Employee Investors Iii, L.p. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Ms Holdings Inc | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Morgan Stanley Private Equity Asia Iii Holdings (cayman) Ltd | 10 percent owner, other: See Explanation of Responses | C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 |
Morgan Stanley Private Equity Asia Iii, L.l.c. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Morgan Stanley Private Equity Asia Iii, Inc. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Mspea Modified Plastics Holding Ltd | 10 percent owner, other: See Explanation of Responses | C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KYI-9005 |
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