Shanghai Shenda Co (SHSE:600626) Inventory Turnover : 3.49 (As of Jun. 2024)

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What is Shanghai Shenda 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. Shanghai Shenda Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥2,816 Mil. Shanghai Shenda Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥806 Mil. Shanghai Shenda Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Shenda Co's Days Inventory for the three months ended in Jun. 2024 was 26.12.

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. Shanghai Shenda Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.25.

Shanghai Shenda Co Inventory Turnover Historical Data

The historical data trend for Shanghai Shenda 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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Shanghai Shenda Co Inventory Turnover Chart

Shanghai Shenda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.98

12.03

11.76

12.64

13.36

Shanghai Shenda Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.99	3.18	3.11	3.21	3.49

Shanghai Shenda Co Inventory Turnover Calculation

Shanghai Shenda 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 )
=	10791.083	/ (	(760.683	+	855.001)	/	2 )
=	10791.083	/	807.842
=	13.36

Shanghai Shenda Co'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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	2815.91	/ (	(811.273	+	800.572)	/	2 )
=	2815.91	/	805.9225
=	3.49

Shanghai Shenda Co (SHSE:600626) 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.

Shanghai Shenda Co's Days Inventory for the three 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
	=	805.9225	/	2815.91	*	365 / 4
	=	26.12

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.

Shanghai Shenda Co'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 )
	=	805.9225	/	3174.581
	=	0.25

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.

Shanghai Shenda Co Inventory Turnover Related Terms

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Shanghai Shenda Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Shenda Co Ltd (SHSE:600626) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1500 Jiangning Road, Shenda International Building, Shanghai, CHN, 200060

Website

http://www.cnshenda.com.cn

Shanghai Shenda Co Ltd is engaged in the international and domestic trade of textile products.

Executives

Hu Chun	senior management
Ma Tian Yu	senior management
Chen Jian	Director
Shen Yao Qing	Director
An Xiu Qing	Director
Yao Ming Hua	senior management
Xi Shi Ping	Director
Wang Qiu Rong	Director
Chen Kai Jian	Supervisors

Shanghai Shenda Co Headlines

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