Wan Cheng Metal Packaging Co (HKSE:08291) Inventory Turnover : 1.49 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Wan Cheng Metal Packaging 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. Wan Cheng Metal Packaging Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$28.52 Mil. Wan Cheng Metal Packaging Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$19.12 Mil. Wan Cheng Metal Packaging Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wan Cheng Metal Packaging Co's Days Inventory for the three months ended in Dec. 2023 was 61.16.

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. Wan Cheng Metal Packaging Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.67.

Wan Cheng Metal Packaging Co Inventory Turnover Historical Data

The historical data trend for Wan Cheng Metal Packaging 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.

* Premium members only.

Wan Cheng Metal Packaging Co Inventory Turnover Chart

Wan Cheng Metal Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.67

3.80

4.27

2.33

2.76

Wan Cheng Metal Packaging Co 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															0.10	0.42	0.42	0.54	1.49

Wan Cheng Metal Packaging Co Inventory Turnover Calculation

Wan Cheng Metal Packaging 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 )
=	51.509	/ (	(18.177	+	19.116)	/	2 )
=	51.509	/	18.6465
=	2.76

Wan Cheng Metal Packaging Co'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 )
=	28.523	/ (	(0	+	19.116)	/	1 )
=	28.523	/	19.116
=	1.49

Wan Cheng Metal Packaging Co (HKSE:08291) 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.

Wan Cheng Metal Packaging Co'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
	=	19.116	/	28.523	*	365 / 4
	=	61.16

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.

Wan Cheng Metal Packaging Co'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 )
	=	19.116	/	28.425
	=	0.67

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.

Wan Cheng Metal Packaging Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Wan Cheng Metal Packaging Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Wan Cheng Metal Packaging Co (HKSE:08291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Wan Cheng Metal Packaging Co Ltd (HKSE:08291) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Huada Road, Ronggui Street, Hi-tech Industrial Development Zone, Shunde District, Guangdong Province, Foshan, CHN

Website

http://www.wanchengholdings.com

Wan Cheng Metal Packaging Co Ltd is an investment holding company. It is a manufacturer of tinplate packaging products including tin cans and steel pails. The group operates in one operating segment which is the manufacturing and sales of tinplate packaging products in China. It derives the majority of its geographical revenues from China.

Executives

Liang Zhimei	2101 Beneficial owner
Zhang Zhiwei	2101 Beneficial owner
Liang Jianxun	2101 Beneficial owner
Liang Yingjun	2202 Interest of your spouse
Fortune Time Enterprises Limited
Liang Sharina
Century Great Investments Limited
Liang Jianheng
Liang Yingjun
Law Sai Hung

Wan Cheng Metal Packaging Co (HKSE:08291) Headlines

No Headlines