Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Inventory Turnover : 0.13 (As of Mar. 2024)

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What is Chengdu Zhonghuan Flow Controls Mfg 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. Chengdu Zhonghuan Flow Controls Mfg Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17.9 Mil. Chengdu Zhonghuan Flow Controls Mfg Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥136.5 Mil. Chengdu Zhonghuan Flow Controls Mfg Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chengdu Zhonghuan Flow Controls Mfg Co's Days Inventory for the three months ended in Mar. 2024 was 697.14.

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. Chengdu Zhonghuan Flow Controls Mfg Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.21.

Chengdu Zhonghuan Flow Controls Mfg Co Inventory Turnover Historical Data

The historical data trend for Chengdu Zhonghuan Flow Controls Mfg 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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Chengdu Zhonghuan Flow Controls Mfg Co Inventory Turnover Chart

Chengdu Zhonghuan Flow Controls Mfg Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.03

2.23

2.75

2.31

1.64

Chengdu Zhonghuan Flow Controls Mfg Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.19	0.41	0.47	0.48	0.13

Chengdu Zhonghuan Flow Controls Mfg Co Inventory Turnover Calculation

Chengdu Zhonghuan Flow Controls Mfg 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 )
=	185.389	/ (	(98.737	+	126.753)	/	2 )
=	185.389	/	112.745
=	1.64

Chengdu Zhonghuan Flow Controls Mfg Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	17.871	/ (	(126.753	+	146.313)	/	2 )
=	17.871	/	136.533
=	0.13

Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) 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.

Chengdu Zhonghuan Flow Controls Mfg Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	136.533	/	17.871	*	365 / 4
	=	697.14

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.

Chengdu Zhonghuan Flow Controls Mfg Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	136.533	/	32.416
	=	4.21

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.

Chengdu Zhonghuan Flow Controls Mfg Co Inventory Turnover Related Terms

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Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chengdu Zhonghuan Flow Controls Mfg Co Ltd (BJSE:836260) » Definitions » Inventory Turnover

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Address

No. 2139, Konggang 4th Road, Southwest Airport, Pilot Free Trade Zone, Xihanggang, Shuangliu District, Chengdu, CHN, 610207

Website

https://www.zh-flow.com

Chengdu Zhonghuan Flow Controls Mfg Co Ltd engages in the design, development, production, and sales of valve actuators, wellhead safety control systems, and skid-mounted equipment. It manufactures API 6D valve gas-hydraulic actuators, electro-hydraulic actuators, and pneumatic actuators; API 6A wellhead safety control systems, wellhead safety valve actuators; skids for major conventional oil and gas fields, unconventional oil and gas fields, gas storage depots, and local gas companies Assembly and module manufacturing; control valves and instrumentation.

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