Shanghai Carthane Co (SHSE:603037) Inventory Turnover : 1.27 (As of Mar. 2025)

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What is Shanghai Carthane 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 Carthane Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥104.5 Mil. Shanghai Carthane Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥82.5 Mil. Shanghai Carthane Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Carthane Co's Days Inventory for the three months ended in Mar. 2025 was 72.02.

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 Carthane Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.52.

Shanghai Carthane Co Inventory Turnover Historical Data

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

Shanghai Carthane Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.66

3.08

3.76

4.91

5.96

Shanghai Carthane 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															0.85	1.44	1.50	1.72	1.27

Shanghai Carthane Co Inventory Turnover Calculation

Shanghai Carthane 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 )
=	498.19	/ (	(82.637	+	84.492)	/	2 )
=	498.19	/	83.5645
=	5.96

Shanghai Carthane 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 )
=	104.494	/ (	(84.492	+	80.454)	/	2 )
=	104.494	/	82.473
=	1.27

Shanghai Carthane Co (SHSE:603037) 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 Carthane 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
	=	82.473	/	104.494	*	365 / 4
	=	72.02

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 Carthane 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 )
	=	82.473	/	158.854
	=	0.52

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 Carthane Co Inventory Turnover Related Terms

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Shanghai Carthane Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Carthane Co Ltd (SHSE:603037) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 813, Jianye Road, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.carthane.com

Shanghai Carthane Co Ltd designs, produces and sells car parts, accessories, polyurethane elastomer and other polyurethane products. It engages in the sales of suspension damping internal components, pedal assemblies and plastic core-rubber-tires. Suspension damping internal components include buffers, spring cushion s, damping support blocks, and dust covers. Pedal assemblies mainly include plastic pedal assemblies. Plastic core-rubber-tires include automobile assembly lines and polyurethane tires applied in electric fork-lift trucks.

Executives

Yang Ying Tao	Director
Yang Jian Gang	Director
Hou Zhen Kun	senior management
Li Ji Cheng	senior management
Zhang Zhong Qiu	senior management
Jia Jie	senior management
Li Jian Xing	Supervisors
Hou Rui Hong	Director
Wei Yong Ji	Director
Huang Hai	senior management
Zhuang Ying Wu	senior management
Ning Wu	senior management
Gao Li	senior management
Liu Ren Shan	Director

Shanghai Carthane Co Headlines

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