Yibin Paper Industry Co (SHSE:600793) Inventory Turnover : 0.72 (As of Mar. 2024)

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What is Yibin Paper Industry 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. Yibin Paper Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥333 Mil. Yibin Paper Industry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥460 Mil. Yibin Paper Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yibin Paper Industry Co's Days Inventory for the three months ended in Mar. 2024 was 126.18.

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. Yibin Paper Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.30.

Yibin Paper Industry Co Inventory Turnover Historical Data

The historical data trend for Yibin Paper Industry 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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Yibin Paper Industry Co Inventory Turnover Chart

Yibin Paper Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.44

5.58

5.74

5.35

3.46

Yibin Paper Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.03	0.73	0.85	0.87	0.72

Yibin Paper Industry Co Inventory Turnover Calculation

Yibin Paper Industry 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 )
=	1576.916	/ (	(440.298	+	471.912)	/	2 )
=	1576.916	/	456.105
=	3.46

Yibin Paper Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	332.962	/ (	(471.912	+	448.93)	/	2 )
=	332.962	/	460.421
=	0.72

Yibin Paper Industry Co (SHSE:600793) 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.

Yibin Paper Industry Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	460.421	/	332.962	*	365 / 4
	=	126.18

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.

Yibin Paper Industry Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	460.421	/	354.49
	=	1.30

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.

Yibin Paper Industry Co Inventory Turnover Related Terms

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Yibin Paper Industry Co (SHSE:600793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Yibin Paper Industry Co Ltd (SHSE:600793) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Lanshi Light Industrial Park, Nanxi District, Sichuan Province, Yibin, CHN, 644100

Website

http://www.yb-zy.com

Yibin Paper Industry Co Ltd is a paper product manufacturer in China. The company's main products include high-grade paper cup base paper, bamboo pulp board, and others.

Executives

Chen Dan	Supervisors
Xie Zhang Hong	senior management
Huang Cai Jin	Supervisors
Huang Zheng Wen	senior management
Yang Jun	Supervisors
Xing Zhi Min	senior management
Gao Ge Sheng	Supervisors
Lv Yan Zhi	senior management
Zhou Ming Cong	senior management
Chen Hong	Director
Chen Shi Gui	Supervisors

Yibin Paper Industry Co (SHSE:600793) Headlines

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