Shanghainmao Enterprise (Group) Co (SHSE:600689) Inventory Turnover : 270.79 (As of Sep. 2024)

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What is Shanghainmao Enterprise (Group) 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. Shanghainmao Enterprise (Group) Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥338 Mil. Shanghainmao Enterprise (Group) Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1 Mil. Shanghainmao Enterprise (Group) Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 270.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghainmao Enterprise (Group) Co's Days Inventory for the three months ended in Sep. 2024 was 0.34.

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. Shanghainmao Enterprise (Group) Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

Shanghainmao Enterprise (Group) Co Inventory Turnover Historical Data

The historical data trend for Shanghainmao Enterprise (Group) 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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Shanghainmao Enterprise (Group) Co Inventory Turnover Chart

Shanghainmao Enterprise (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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88.06

118.80

803.96

904.02

1,277.41

Shanghainmao Enterprise (Group) 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															149.51	363.67	135.35	81.34	270.79

Shanghainmao Enterprise (Group) Co Inventory Turnover Calculation

Shanghainmao Enterprise (Group) 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 )
=	1017.455	/ (	(1.128	+	0.465)	/	2 )
=	1017.455	/	0.7965
=	1,277.41

Shanghainmao Enterprise (Group) 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 )
=	337.948	/ (	(1.927	+	0.569)	/	2 )
=	337.948	/	1.248
=	270.79

Shanghainmao Enterprise (Group) Co (SHSE:600689) 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.

Shanghainmao Enterprise (Group) 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
	=	1.248	/	337.948	*	365 / 4
	=	0.34

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.

Shanghainmao Enterprise (Group) 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 )
	=	1.248	/	352.118
	=	0.00

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.

Shanghainmao Enterprise (Group) Co Inventory Turnover Related Terms

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Shanghainmao Enterprise (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Sanmao Enterprise (Group) Co Ltd (SHSE:600689) » Definitions » Inventory Turnover

Traded in Other Exchanges

900922:China

Address

No. 51, Lane 200, Xiasha New Street, Pudong New Area, Hangtou Town, Shanghai, CHN

Website

http://www.600689.com

Shanghai Sanmao Enterprise (Group) Co Ltd is in the businesses of importing and exporting of woolen textile products. Further, it is also involved real estate investment, modern estate management, development and management of real estate, sale of wool textile and related products and services. Geographically the activities are carried out through China.

Executives

Zhang Li Fang	senior management
Wang Jian Hua	Director
Zhang Ping	Director

Shanghainmao Enterprise (Group) Co Headlines

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