Sanxiang Advanced Materials Co (SHSE:603663) Inventory Turnover : 0.68 (As of Mar. 2025)

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What is Sanxiang Advanced Materials 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. Sanxiang Advanced Materials Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥181 Mil. Sanxiang Advanced Materials Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥265 Mil. Sanxiang Advanced Materials Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sanxiang Advanced Materials Co's Days Inventory for the three months ended in Mar. 2025 was 134.16.

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. Sanxiang Advanced Materials Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.15.

Sanxiang Advanced Materials Co Inventory Turnover Historical Data

The historical data trend for Sanxiang Advanced Materials 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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Sanxiang Advanced Materials Co Inventory Turnover Chart

Sanxiang Advanced Materials Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.88

3.17

2.74

2.60

2.74

Sanxiang Advanced Materials 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															0.65	0.81	0.60	0.59	0.68

Sanxiang Advanced Materials Co Inventory Turnover Calculation

Sanxiang Advanced Materials 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 )
=	792.193	/ (	(304.837	+	273.549)	/	2 )
=	792.193	/	289.193
=	2.74

Sanxiang Advanced Materials 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 )
=	180.58	/ (	(273.549	+	257.435)	/	2 )
=	180.58	/	265.492
=	0.68

Sanxiang Advanced Materials Co (SHSE:603663) 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.

Sanxiang Advanced Materials 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
	=	265.492	/	180.58	*	365 / 4
	=	134.16

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.

Sanxiang Advanced Materials 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 )
	=	265.492	/	230.817
	=	1.15

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.

Sanxiang Advanced Materials Co Inventory Turnover Related Terms

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Sanxiang Advanced Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sanxiang Advanced Materials Co Ltd (SHSE:603663) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 292, Jiefang Street, Shouning County, Fujian Province, Ningde, CHN, 355500

Website

http://www.fjsx.com

Sanxiang Advanced Materials Co Ltd produces, manufactures, and sells new materials such as varieties of zirconia, magnesium, and advanced ceramics. Its products are widely used in aerospace, military, fire-resistant and wear-resistant materials, ceramic glazes, and other industries. The company's business segments include the zirconium series, magnesium series, and advanced ceramic series through which it offers products like nano zirconium oxide, zirconium oxychloride, lightweight new materials, casting new materials, magnesium aluminum alloys, and others.

Executives

Huang Fei	Supervisors
Yang Hui	Directors, senior managers
Zheng Xiong	senior management
Xiao Chuan Zhou	senior management
Lin Shao Yun	senior management
Li Hui Bin	senior management
Ye Dan Wang	Director
Fan Shun Qin	senior management
Wu Chun Qiao	Supervisors
Xia Peng	Directors, senior managers

Sanxiang Advanced Materials Co Headlines

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