Befar Group Co (SHSE:601678) Inventory Turnover : 3.19 (As of Sep. 2024)

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What is Befar 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. Befar Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥2,817 Mil. Befar Group Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥884 Mil. Befar Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Befar Group Co's Days Inventory for the three months ended in Sep. 2024 was 28.63.

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. Befar Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.29.

Befar Group Co Inventory Turnover Historical Data

The historical data trend for Befar 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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Befar Group Co Inventory Turnover Chart

Befar Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.19

12.91

11.51

11.27

10.94

Befar 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															2.86	2.73	3.01	3.28	3.19

Befar Group Co Inventory Turnover Calculation

Befar 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 )
=	6022.274	/ (	(579.953	+	521.478)	/	2 )
=	6022.274	/	550.7155
=	10.94

Befar 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 )
=	2817.148	/ (	(859.686	+	908.254)	/	2 )
=	2817.148	/	883.97
=	3.19

Befar Group Co (SHSE:601678) 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.

Befar 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
	=	883.97	/	2817.148	*	365 / 4
	=	28.63

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.

Befar 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 )
	=	883.97	/	3007.995
	=	0.29

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.

Befar Group Co Inventory Turnover Related Terms

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Befar Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Befar Group Co Ltd (SHSE:601678) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.869, Huanghe 5th Road, Shandong Province, Binzhou, CHN, 256619

Website

http://www.befar.com.cn

Befar Group Co Ltd is a China-based chemical company. It is engaged in the business of producing, processing and selling organic and inorganic chemical products. The company's product portfolio includes propylene-oxide, food additives, industrial hydrochloric acid, vinyl chloride, polymer polyol, reagent hydrochloric acid, crude oil emulsifier, and other products. Its industrial chain covers petrochemical, salt chemical, fine chemical, thermal power, port warehousing, financing and others. The company's products are sold in China and other international countries.

Executives

Wang Shu Hua	Director
Yu Jiang	Directors, senior managers
Ren Yuan Bin	senior management
Kong Xiang Jin	senior management
Liu Hong An	senior management
Yan Jin Fu	Supervisors
Wang Li Ming	Director
Xu Feng Jiu	senior management
Yang Zhen Jun	senior management
Jin Jian Quan	Supervisors
Zhang Zhong Zheng	Director
Zhao Hong Xing	senior management
Chu Zhao Sheng	Director
Shi Qin Ling	Director
Liu Bao Gang	senior management

Befar Group Co Headlines

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