Yuanli Chemical Group Co (SHSE:603217) Inventory Turnover : 1.43 (As of Sep. 2024)

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What is Yuanli Chemical 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. Yuanli Chemical Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥489 Mil. Yuanli Chemical Group Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥342 Mil. Yuanli Chemical Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yuanli Chemical Group Co's Days Inventory for the three months ended in Sep. 2024 was 63.79.

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. Yuanli Chemical Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.59.

Yuanli Chemical Group Co Inventory Turnover Historical Data

The historical data trend for Yuanli Chemical 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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Yuanli Chemical Group Co Inventory Turnover Chart

Yuanli Chemical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.67

4.52

6.16

5.47

5.13

Yuanli Chemical 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															1.41	1.22	1.29	1.31	1.43

Yuanli Chemical Group Co Inventory Turnover Calculation

Yuanli Chemical 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 )
=	1783.704	/ (	(364.724	+	330.047)	/	2 )
=	1783.704	/	347.3855
=	5.13

Yuanli Chemical 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 )
=	489.092	/ (	(352.777	+	331.05)	/	2 )
=	489.092	/	341.9135
=	1.43

Yuanli Chemical Group Co (SHSE:603217) 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.

Yuanli Chemical 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
	=	341.9135	/	489.092	*	365 / 4
	=	63.79

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.

Yuanli Chemical 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 )
	=	341.9135	/	582.011
	=	0.59

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.

Yuanli Chemical Group Co Inventory Turnover Related Terms

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Yuanli Chemical Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yuanli Chemical Group Co Ltd (SHSE:603217) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Zhuliu Street Industrial Park, 355 km from National Highway 309, Changle County, Shandong Province, Weifang, CHN, 262404

Website

http://www.yuanlichem.com.cn

Yuanli Chemical Group Co Ltd formerly, Shandong Yuanli Science and Technology Co Ltd is a high-tech enterprise specializing in research and development, production and operation of fine chemicals. It serves various industries namely coatings and casting binders, inks, pigments, UV-curing materials, polyurethanes, wire and cable, leather products, PVC conveyor belts, optical glasses resins, personal care, pharmaceutical and others. The company offers green solvents, dibasic alcohol, plasticizers, and coalescing agents.

Executives

Li Yi Tian	Director
Huang Wei Jun	Director
Qin Guo Dong	Director
Zhang Jian Mei	Director
Liu Yu Jiang	Director
Feng Guo Liang	Director
Wang Jun Yu	Director

Yuanli Chemical Group Co Headlines

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