Anhui Conch Cement Co (SHSE:600585) Inventory Turnover : 3.78 (As of Dec. 2023)

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What is Anhui Conch Cement 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. Anhui Conch Cement Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥36,746 Mil. Anhui Conch Cement Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥9,733 Mil. Anhui Conch Cement Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anhui Conch Cement Co's Days Inventory for the three months ended in Dec. 2023 was 24.17.

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. Anhui Conch Cement Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Anhui Conch Cement Co Inventory Turnover Historical Data

The historical data trend for Anhui Conch Cement 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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Anhui Conch Cement Co Inventory Turnover Chart

Anhui Conch Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.07

19.96

13.99

9.63

10.80

Anhui Conch Cement Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.64	2.37	2.51	2.80	3.78

Anhui Conch Cement Co Inventory Turnover Calculation

Anhui Conch Cement 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 )
=	117636.621	/ (	(11678.995	+	10100.346)	/	2 )
=	117636.621	/	10889.6705
=	10.80

Anhui Conch Cement Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	36745.938	/ (	(9366.327	+	10100.346)	/	2 )
=	36745.938	/	9733.3365
=	3.78

Anhui Conch Cement Co (SHSE:600585) 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.

Anhui Conch Cement Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	9733.3365	/	36745.938	*	365 / 4
	=	24.17

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.

Anhui Conch Cement Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	9733.3365	/	41956.047
	=	0.23

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.

Anhui Conch Cement Co Inventory Turnover Related Terms

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Anhui Conch Cement Co (SHSE:600585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Anhui Conch Cement Co Ltd (SHSE:600585) » Definitions » Inventory Turnover

Traded in Other Exchanges

AHCHY:USA AHCHF:USA 00914:Hong Kong AQE:Germany

Address

No. 39 Wenhua Road, Anhui Province, Wuhu, CHN, 241000

Website

http://www.conch.cn

Anhui Conch Cement is mainly engaged in the production and sale of cement and clinker. The company was established in 1997 and headquartered in Anhui province. With annual cement production capacity of 388 million metric tons in 2022, the firm is the second-largest cement manufacturer in China. Sales of self-produced products contributed about 71.9% of its 2022 revenue, with the remainder mainly from the trading business and service income.

Anhui Conch Cement Co (SHSE:600585) Headlines

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