Guangdong Songfa Ceramics Co (SHSE:603268) Inventory Turnover : 0.23 (As of Mar. 2024)

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What is Guangdong Songfa Ceramics 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. Guangdong Songfa Ceramics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥37.1 Mil. Guangdong Songfa Ceramics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥158.4 Mil. Guangdong Songfa Ceramics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Songfa Ceramics Co's Days Inventory for the three months ended in Mar. 2024 was 389.47.

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. Guangdong Songfa Ceramics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.40.

Guangdong Songfa Ceramics Co Inventory Turnover Historical Data

The historical data trend for Guangdong Songfa Ceramics 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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Guangdong Songfa Ceramics Co Inventory Turnover Chart

Guangdong Songfa Ceramics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.00

1.45

1.71

1.62

1.24

Guangdong Songfa Ceramics 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															0.25	0.29	0.33	0.31	0.23

Guangdong Songfa Ceramics Co Inventory Turnover Calculation

Guangdong Songfa Ceramics 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 )
=	196.583	/ (	(159.341	+	158.312)	/	2 )
=	196.583	/	158.8265
=	1.24

Guangdong Songfa Ceramics 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 )
=	37.111	/ (	(158.312	+	158.477)	/	2 )
=	37.111	/	158.3945
=	0.23

Guangdong Songfa Ceramics Co (SHSE:603268) 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.

Guangdong Songfa Ceramics 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
	=	158.3945	/	37.111	*	365 / 4
	=	389.47

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.

Guangdong Songfa Ceramics 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 )
	=	158.3945	/	46.653
	=	3.40

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.

Guangdong Songfa Ceramics Co Inventory Turnover Related Terms

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Guangdong Songfa Ceramics Co (SHSE:603268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Songfa Ceramics Co Ltd (SHSE:603268) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 20, Ruyi Road Industrial Park, Building C2-2, Fengxi District, Chaozhou, CHN, 521031

Website

http://www.songfa.com

Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produce household porcelain, custom porcelain and hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.

Executives

Lin Dao Fan	Director
Dong Wei	senior management
You Sha	Director
Chen Li Yuan	senior management
Zhang Rui Hao	senior management
Ceng Wen Guang	Director
Lin Qiu Lan	Director

Guangdong Songfa Ceramics Co (SHSE:603268) Headlines

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