Red Avenue New Materials Group Co (SHSE:603650) Inventory Turnover : 1.31 (As of Mar. 2025)

View and export this data going back to 2018. Start your Free Trial

What is Red Avenue New Materials 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. Red Avenue New Materials Group Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥640 Mil. Red Avenue New Materials Group Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥488 Mil. Red Avenue New Materials Group Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Avenue New Materials Group Co's Days Inventory for the three months ended in Mar. 2025 was 69.58.

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. Red Avenue New Materials Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.57.

Red Avenue New Materials Group Co Inventory Turnover Historical Data

The historical data trend for Red Avenue New Materials 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.

* Premium members only.

Red Avenue New Materials Group Co Inventory Turnover Chart

Red Avenue New Materials Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

7.23

8.58

6.31

5.49

5.36

Red Avenue New Materials Group 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															1.47	1.50	1.56	1.47	1.31

Red Avenue New Materials Group Co Inventory Turnover Calculation

Red Avenue New Materials Group 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 )
=	2457.982	/ (	(430.729	+	486.214)	/	2 )
=	2457.982	/	458.4715
=	5.36

Red Avenue New Materials Group 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 )
=	640.23	/ (	(486.214	+	490.158)	/	2 )
=	640.23	/	488.186
=	1.31

Red Avenue New Materials Group Co (SHSE:603650) 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.

Red Avenue New Materials Group 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
	=	488.186	/	640.23	*	365 / 4
	=	69.58

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.

Red Avenue New Materials Group 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 )
	=	488.186	/	856.046
	=	0.57

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.

Red Avenue New Materials Group Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Red Avenue New Materials Group Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Red Avenue New Materials Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Red Avenue New Materials Group Co Ltd (SHSE:603650) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.33 Shiqiao Road Garden, Room 901, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 200120

Website

http://www.rachem.com

Red Avenue New Materials Group Co Ltd is a China-based company engages in the manufacture and sale of chemical products. The company produces rubber and plastic chemical additives and other products. The products manufactured by the company include polyethylene glycol, silica, alkylphenol disulfides, and cobalt neodecanoate. Its main products are phenolic resins for rubber, including tackifying resins, reinforcing resins and adhesive resins.

Executives

Yu Yao Ming	Directors, senior managers
Yuan Min Jian	Directors, senior managers
Zhang Xu Dong	senior management
Tang Jie	senior management
Hao Kai	senior management
Ding Lin	Directors, senior managers
	Director
Han Ming	senior management
Yuan Xiao Lei	senior management
Zhao Yan Chao	senior management
	senior management
Mao Xiao Dong	senior management
Dong Xiang Long	senior management

Red Avenue New Materials Group Co Headlines

No Headlines