Tongwei Co (SHSE:600438) Inventory Turnover : 1.17 (As of Mar. 2025)

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What is Tongwei 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. Tongwei Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥16,391 Mil. Tongwei Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥14,044 Mil. Tongwei Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tongwei Co's Days Inventory for the three months ended in Mar. 2025 was 78.18.

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. Tongwei Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.88.

Tongwei Co Inventory Turnover Historical Data

The historical data trend for Tongwei 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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Tongwei Co Inventory Turnover Chart

Tongwei Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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14.13

11.44

10.56

10.93

8.43

Tongwei Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															1.86	2.04	1.90	1.86	1.17

Tongwei Co Inventory Turnover Calculation

Tongwei Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	86117.213	/ (	(7788.385	+	12633.286)	/	2 )
=	86117.213	/	10210.8355
=	8.43

Tongwei Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	16391.484	/ (	(12633.286	+	15455.394)	/	2 )
=	16391.484	/	14044.34
=	1.17

Tongwei Co (SHSE:600438) 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.

Tongwei Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	14044.34	/	16391.484	*	365 / 4
	=	78.18

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.

Tongwei Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	14044.34	/	15933.401
	=	0.88

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.

Tongwei Co Inventory Turnover Related Terms

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Tongwei Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tongwei Co Ltd (SHSE:600438) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 588, Middle Section Tianfu Avenue, High-Tech Zone, Tongwei International Center, Sichuan, Chengdu, CHN, 610041

Website

http://www.tongwei.com.cn

Tongwei is the largest polysilicon producer in the world. It produced 389 thousand metric tons of polysilicon in 2023, accounting for 27% of total production in China. Polysilicon contributed 32% of revenue and 65% of gross profit in 2023. Tongwei is also a global leading solar cell and module supplier.

Executives

Zhou Bin	senior management
Xie Yi	Director
Song Gang Jie	senior management
Yang Shi Xian	Supervisors
Shen Jin Zhu	senior management
Duan Yong	Director
Deng San	Supervisors
Chen Ping Fu	senior management
Zhang Lu	senior management
Wang Shang Wen	senior management
Guo Yi Zhong	senior management
Yan Hu	Director
Hong Rui	senior management
Yuan Shi Hua	senior management
Yan Bao Quan	Supervisors

Tongwei Co Headlines

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