Qianhe Condiment and Food Co (SHSE:603027) Inventory Turnover : 0.57 (As of Mar. 2025)

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What is Qianhe Condiment and Food 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. Qianhe Condiment and Food Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥508 Mil. Qianhe Condiment and Food Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥886 Mil. Qianhe Condiment and Food Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qianhe Condiment and Food Co's Days Inventory for the three months ended in Mar. 2025 was 159.31.

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. Qianhe Condiment and Food Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.07.

Qianhe Condiment and Food Co Inventory Turnover Historical Data

The historical data trend for Qianhe Condiment and Food 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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Qianhe Condiment and Food Co Inventory Turnover Chart

Qianhe Condiment and Food Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.66

2.34

2.62

3.00

2.35

Qianhe Condiment and Food 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															0.79	0.63	0.58	0.56	0.57

Qianhe Condiment and Food Co Inventory Turnover Calculation

Qianhe Condiment and Food 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 )
=	1930.479	/ (	(748.67	+	892.531)	/	2 )
=	1930.479	/	820.6005
=	2.35

Qianhe Condiment and Food 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 )
=	507.574	/ (	(892.531	+	879.789)	/	2 )
=	507.574	/	886.16
=	0.57

Qianhe Condiment and Food Co (SHSE:603027) 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.

Qianhe Condiment and Food 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
	=	886.16	/	507.574	*	365 / 4
	=	159.31

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.

Qianhe Condiment and Food 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 )
	=	886.16	/	830.625
	=	1.07

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.

Qianhe Condiment and Food Co Inventory Turnover Related Terms

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Qianhe Condiment and Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Qianhe Condiment and Food Co Ltd (SHSE:603027) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

South China Min Hongjiadu, Dongpo District, Sichuan, Meishan, CHN

Website

http://www.qianhefood.com

Qianhe Condiment and Food Co Ltd manufacture and sells various food additives in China. It provides soy sauce, rice vinegar and wine, onion ginger and cooking wine, and other spices.

Executives

He Tian Kui	Directors, senior managers
Lv Ke Lin	senior management
Xu Yi	Directors, senior managers
Huang Gang	Directors, senior managers
Wu Jian Yong	Director
Wu Chao Qun	Director
Liu De Hua	Director
Cao Hong	Director
Hu Gao Hong	Director
Wu Xue Ming	Director

Qianhe Condiment and Food Co Headlines

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