Shandong Nanshan Aluminum Co (SHSE:600219) Inventory Turnover : 1.01 (As of Sep. 2024)

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What is Shandong Nanshan Aluminum 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. Shandong Nanshan Aluminum Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥6,373 Mil. Shandong Nanshan Aluminum Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥6,315 Mil. Shandong Nanshan Aluminum Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Nanshan Aluminum Co's Days Inventory for the three months ended in Sep. 2024 was 90.43.

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. Shandong Nanshan Aluminum Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.74.

Shandong Nanshan Aluminum Co Inventory Turnover Historical Data

The historical data trend for Shandong Nanshan Aluminum 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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Shandong Nanshan Aluminum Co Inventory Turnover Chart

Shandong Nanshan Aluminum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.26

3.49

3.92

4.30

3.62

Shandong Nanshan Aluminum Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.94	0.97	0.90	0.98	1.01

Shandong Nanshan Aluminum Co Inventory Turnover Calculation

Shandong Nanshan Aluminum 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 )
=	22976.766	/ (	(6436.122	+	6271.536)	/	2 )
=	22976.766	/	6353.829
=	3.62

Shandong Nanshan Aluminum Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	6372.903	/ (	(6340.323	+	6290.423)	/	2 )
=	6372.903	/	6315.373
=	1.01

Shandong Nanshan Aluminum Co (SHSE:600219) 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.

Shandong Nanshan Aluminum Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	6315.373	/	6372.903	*	365 / 4
	=	90.43

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.

Shandong Nanshan Aluminum Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	6315.373	/	8558.799
	=	0.74

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.

Shandong Nanshan Aluminum Co Inventory Turnover Related Terms

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Shandong Nanshan Aluminum Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Nanshan Aluminum Co Ltd (SHSE:600219) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Qiansong Village, Dongjiang Town, Shandong Province, Longkou, CHN, 265706

Website

http://www.600219.com.cn

Shandong Nanshan Aluminum Co Ltd is engaged in the production and distribution of aluminum products. It offers aluminum profiles, high-precision aluminum plates, strips, foils, and other products. The products of the company are sold in China and overseas markets including North America, Europe, Africa, Australia, and Southeast Asia.

Executives

Song Jian Bo	Director
Han Pei Bin	Supervisors
Han Yan Hong	senior management
Cheng Ren Ce	Director

Shandong Nanshan Aluminum Co Headlines

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