CBLUF (China BlueChemical) Inventory Turnover : 4.97 (As of Jun. 2024)

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What is China BlueChemical 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. China BlueChemical's Cost of Goods Sold for the six months ended in Jun. 2024 was $690 Mil. China BlueChemical's Average Total Inventories for the quarter that ended in Jun. 2024 was $139 Mil. China BlueChemical's Inventory Turnover for the quarter that ended in Jun. 2024 was 4.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China BlueChemical's Days Inventory for the six months ended in Jun. 2024 was 36.71.

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. China BlueChemical's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.17.

China BlueChemical Inventory Turnover Historical Data

The historical data trend for China BlueChemical'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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China BlueChemical Inventory Turnover Chart

China BlueChemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.38

8.92

9.48

9.25

9.97

China BlueChemical Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															4.26	4.19	3.98	5.02	4.97

China BlueChemical Inventory Turnover Calculation

China BlueChemical'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 )
=	1530.596	/ (	(170.689	+	136.474)	/	2 )
=	1530.596	/	153.5815
=	9.97

China BlueChemical's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	689.69	/ (	(136.474	+	141.012)	/	2 )
=	689.69	/	138.743
=	4.97

China BlueChemical (OTCPK:CBLUF) 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.

China BlueChemical's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	138.743	/	689.69	*	365 / 2
	=	36.71

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.

China BlueChemical's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	138.743	/	827.965
	=	0.17

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.

China BlueChemical Inventory Turnover Related Terms

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China BlueChemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » China BlueChemical Ltd (OTCPK:CBLUF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

03983:Hong Kong H1Q:Germany H1Q:Germany

Address

No. 15, Sanqu, Anzhen Xili, Unit 1707, Kaikang CNOOC Mansion, District 3, Chaoyang District, Beijing, CHN, 100029

Website

https://www.chinabluechem.com.cn

China BlueChemical Ltd is engaged in the development, production, and sales of mineral fertilizers and chemical products. The firm's segments are urea, methanol, phosphorus and compound fertilizer, and others. The urea segment is engaged in the manufacture and sale of urea. The other segment mainly comprises segments engaged in port operations and provision of transportation services; trading of fertilizers and chemicals; manufacture and sale of Bulk Blending (BB) fertilizer, POM, woven plastic bags and acrylonitrile. It generates maximum revenue from the Urea segment. Geographically, it derives the majority of its revenue from PRC.