Want Want China Holdings (Want Want China Holdings) Inventory Turnover : 2.03 (As of Sep. 2023)

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What is Want Want China Holdings 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. Want Want China Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $846 Mil. Want Want China Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was $416 Mil. Want Want China Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Want Want China Holdings's Days Inventory for the six months ended in Sep. 2023 was 89.71.

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. Want Want China Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.27.

Want Want China Holdings Inventory Turnover Historical Data

The historical data trend for Want Want China Holdings'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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Want Want China Holdings Inventory Turnover Chart

Want Want China Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.42

3.98

4.49

4.65

3.87

Want Want China Holdings Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.29	2.41	1.80	2.08	2.03

Want Want China Holdings Inventory Turnover Calculation

Want Want China Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1865.821	/ (	(508.493	+	455.979)	/	2 )
=	1865.821	/	482.236
=	3.87

Want Want China Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	846.014	/ (	(455.979	+	375.765)	/	2 )
=	846.014	/	415.872
=	2.03

Want Want China Holdings (OTCPK:WWNTY) 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.

Want Want China Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	415.872	/	846.014	*	365 / 2
	=	89.71

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.

Want Want China Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	415.872	/	1544.94
	=	0.27

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.

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Want Want China Holdings (Want Want China Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Want Want China Holdings Ltd (OTCPK:WWNTY) » Definitions » Inventory Turnover

Traded in Other Exchanges

WWNTF:USA 00151:Hong Kong 4HQ:Germany

Address

No. 18 Sheung Yuet Road, Units 07-08, 7th Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.want-want.com

Want Want is major player in the China packaged food and beverage sector. The company was founded in 1962 in Taiwan and entered the mainland Chinese market in 1989. Its flagship products, such as Hot-Kid milk and Want Want rice crackers, are market leaders in the respective sub-segments. With a primary focus in mainland China, the company also exports to overseas markets. As at March 2021, Want Want China had 422 sales offices, 35 production bases and 81 factories on the Chinese mainland and worked with around 9,000 distributors.