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. IT Tech Packaging's Average Total Inventories for the quarter that ended in Sep. 2024 was $5.51 Mil. IT Tech Packaging's Revenue for the
three
months ended in Sep. 2024 was $25.08 Mil.
IT Tech Packaging's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.22.
IT Tech Packaging's Inventory-to-Revenue for the quarter that ended in Sep. 2024
increased
from Jun. 2024 (0.17) to Jun. 2024 (0.22)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
IT Tech Packaging's Days Inventory for the
three
months ended in Sep. 2024 was 21.69.
Inventory Turnover measures how fast the company turns over its inventory within a year.
IT Tech Packaging's Inventory Turnover for the quarter that ended in Sep. 2024 was 4.21.
IT Tech Packaging Inventory-to-Revenue Historical Data
The historical data trend for IT Tech Packaging's Inventory-to-Revenue 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.
Competitive Comparison of IT Tech Packaging's Inventory-to-Revenue
For the Paper & Paper Products subindustry, IT Tech Packaging's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IT Tech Packaging's Inventory-to-Revenue Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, IT Tech Packaging's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where IT Tech Packaging's Inventory-to-Revenue falls into.
IT Tech Packaging Inventory-to-Revenue Calculation
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.
IT Tech Packaging's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
IT Tech Packaging (AMEX:ITP) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
IT Tech Packaging's Days Inventory for the
three
months ended in Sep. 2024 is calculated as:
* 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.
IT Tech Packaging Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of IT Tech Packaging's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into three segments Dongfang Paper and Tengsheng Paper, which produces offset printing paper, corrugating medium paper and tissue paper, and Baoding Shengde, which produces face masks and digital photo paper.
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