Shanghai M&G Stationery (SHSE:603899) Inventory Turnover : 4.38 (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Shanghai M&G Stationery 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. Shanghai M&G Stationery's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥6,321 Mil. Shanghai M&G Stationery's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥1,444 Mil. Shanghai M&G Stationery's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai M&G Stationery's Days Inventory for the three months ended in Dec. 2023 was 20.85.

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. Shanghai M&G Stationery's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Shanghai M&G Stationery Inventory Turnover Historical Data

The historical data trend for Shanghai M&G Stationery'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.

Shanghai M&G Stationery Inventory Turnover Chart

Shanghai M&G Stationery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

6.90

7.36

9.42

10.17

11.83

Shanghai M&G Stationery 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															3.37	2.56	2.90	3.42	4.38

Shanghai M&G Stationery Inventory Turnover Calculation

Shanghai M&G Stationery'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 )
=	18946.902	/ (	(1625.162	+	1578.089)	/	2 )
=	18946.902	/	1601.6255
=	11.83

Shanghai M&G Stationery'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 )
=	6320.678	/ (	(1310.414	+	1578.089)	/	2 )
=	6320.678	/	1444.2515
=	4.38

Shanghai M&G Stationery (SHSE:603899) 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.

Shanghai M&G Stationery'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
	=	1444.2515	/	6320.678	*	365 / 4
	=	20.85

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.

Shanghai M&G Stationery'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 )
	=	1444.2515	/	7491.541
	=	0.19

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.

Shanghai M&G Stationery Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Shanghai M&G Stationery's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai M&G Stationery (SHSE:603899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai M&G Stationery Inc (SHSE:603899) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3469 Jinqian Road, Building 3, Fengxian District, Shanghai, CHN, 201406

Website

https://www.mg-pen.com

Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in four segments Office direct selling business and Traditional core business. The majority of the revenue is generated from the Traditional core business which is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationeries. The company provides and manufactures stationery products that include writing instruments, school stationery, office stationery, and other related products. The majority of the revenue is generated in China.

Shanghai M&G Stationery (SHSE:603899) Headlines

No Headlines