Liaoning Fu-An Heavy Industry Co (SHSE:603315) Inventory Turnover : 0.32 (As of Mar. 2024)

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What is Liaoning Fu-An Heavy Industry 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. Liaoning Fu-An Heavy Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥182 Mil. Liaoning Fu-An Heavy Industry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥568 Mil. Liaoning Fu-An Heavy Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Liaoning Fu-An Heavy Industry Co's Days Inventory for the three months ended in Mar. 2024 was 284.66.

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. Liaoning Fu-An Heavy Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.44.

Liaoning Fu-An Heavy Industry Co Inventory Turnover Historical Data

The historical data trend for Liaoning Fu-An Heavy Industry 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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Liaoning Fu-An Heavy Industry Co Inventory Turnover Chart

Liaoning Fu-An Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.08

1.82

1.52

1.58

1.48

Liaoning Fu-An Heavy Industry 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															0.30	0.41	0.38	0.40	0.32

Liaoning Fu-An Heavy Industry Co Inventory Turnover Calculation

Liaoning Fu-An Heavy Industry 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 )
=	821.932	/ (	(546.725	+	564.311)	/	2 )
=	821.932	/	555.518
=	1.48

Liaoning Fu-An Heavy Industry 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 )
=	182.07	/ (	(564.311	+	571.651)	/	2 )
=	182.07	/	567.981
=	0.32

Liaoning Fu-An Heavy Industry Co (SHSE:603315) 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.

Liaoning Fu-An Heavy Industry 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
	=	567.981	/	182.07	*	365 / 4
	=	284.66

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.

Liaoning Fu-An Heavy Industry 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 )
	=	567.981	/	232.546
	=	2.44

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.

Liaoning Fu-An Heavy Industry Co Inventory Turnover Related Terms

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Liaoning Fu-An Heavy Industry Co (SHSE:603315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Liaoning Fu-An Heavy Industry Co Ltd (SHSE:603315) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.8, Anzheng Road, Qianshan District, Anshan, CHN, 114016

Website

http://www.lnfa.com.cn

Liaoning Fu-An Heavy Industry Co Ltd is engaged in the manufacturing of heavy steel castings products. According to the use, its products can be divided into thermal power equipment Castings, hydroelectric equipment castings, other power generation equipment castings and other castings. The main thermal power products include high/medium pressure internal and external cylinders; Valve body/cylinder. Hydropower products include upper crown, lower ring, runner body, Thrust heads, blades, ball valve bodies. Rail transit products include internal combustion engine bogies.

Executives

Han Yue Hai	Director
Yin Chen Yang	Director
Mu Jian Hua	Director
Yu Guang Yu	senior management
Liu Ying Chun	senior management
Qin Shuai	Directors, senior managers
Li Jian	senior management
Liu Ai Guo	Directors, senior managers
Zhang Yi Yan	Supervisors
Shi Peng	Directors, senior managers
Li Jing	Directors, senior managers
Wu Di	senior management
Gou Min	Supervisors
Lv Shi Ping	Director
Li Min	Supervisors

Liaoning Fu-An Heavy Industry Co (SHSE:603315) Headlines

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