Paints and Chemical Industries Co (Paints and Chemical Industries Co) Inventory Turnover : 2.66 (As of Jun. 2018)

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What is Paints and Chemical Industries 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. Paints and Chemical Industries Co's Cost of Goods Sold for the six months ended in Jun. 2018 was $46.70 Mil. Paints and Chemical Industries Co's Average Total Inventories for the quarter that ended in Jun. 2018 was $17.56 Mil. Paints and Chemical Industries Co's Inventory Turnover for the quarter that ended in Jun. 2018 was 2.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Paints and Chemical Industries Co's Days Inventory for the six months ended in Jun. 2018 was 68.62.

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. Paints and Chemical Industries Co's Inventory-to-Revenue for the quarter that ended in Jun. 2018 was 0.30.

Paints and Chemical Industries Co Inventory Turnover Historical Data

The historical data trend for Paints and Chemical Industries 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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Paints and Chemical Industries Co Inventory Turnover Chart

Paints and Chemical Industries Co Annual Data

Trend

Jun17

Jun18

Inventory Turnover

1.94

2.66

Paints and Chemical Industries Co Semi-Annual Data
	Jun17	Jun18
Inventory Turnover	1.94	2.66

Paints and Chemical Industries Co Inventory Turnover Calculation

Paints and Chemical Industries Co's Inventory Turnover for the fiscal year that ended in Jun. 2018 is calculated as

	Inventory Turnover (A: Jun. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2018 )	/ (	(Total Inventories (A: Jun. 2017 )	+	Total Inventories (A: Jun. 2018 ))	/	count )
=	46.699	/ (	(18.939	+	16.177)	/	2 )
=	46.699	/	17.558
=	2.66

Paints and Chemical Industries Co's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

	Inventory Turnover (Q: Jun. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2018 )	/ (	(Total Inventories (Q: Jun. 2017 )	+	Total Inventories (Q: Jun. 2018 ))	/	count )
=	46.699	/ (	(18.939	+	16.177)	/	2 )
=	46.699	/	17.558
=	2.66

Paints and Chemical Industries Co (GREY:PCHZF) 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.

Paints and Chemical Industries Co's Days Inventory for the six months ended in Jun. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2018 )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
	=	17.558	/	46.699	*	365 / 2
	=	68.62

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.

Paints and Chemical Industries Co's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2018 )	/	Revenue (Q: Jun. 2018 )
	=	17.558	/	57.92
	=	0.30

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.

Paints and Chemical Industries Co Inventory Turnover Related Terms

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Paints and Chemical Industries Co (Paints and Chemical Industries Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Paints and Chemical Industries Co (GREY:PCHZF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Elmassanie Street, P.O. Box 11887,Elamiriya, Cario, EGY

Website

http://www.pachin.net

Paints and Chemical Industries Co is an Egypt-based company engaged in the manufacturing of paints, varnishes, industrial chemicals, printing inks, animal extracts and other related products. The product portfolio of the group consists of Decorative paints, Industrial paints, Printing inks and alkyd resin. The majority of income for the group is generated through the sale of products. It also exports all the products of paints to Libya, Saudi Arabia, Syria, Cyprus, Kenya, Sudan, and Equatorial Guinea.

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