Neway Valve (Suzhou) Co (SHSE:603699) Inventory Turnover : 0.41 (As of Mar. 2025)

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What is Neway Valve (Suzhou) 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. Neway Valve (Suzhou) Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥1,005 Mil. Neway Valve (Suzhou) Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥2,471 Mil. Neway Valve (Suzhou) Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neway Valve (Suzhou) Co's Days Inventory for the three months ended in Mar. 2025 was 224.27.

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. Neway Valve (Suzhou) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.59.

Neway Valve (Suzhou) Co Inventory Turnover Historical Data

The historical data trend for Neway Valve (Suzhou) 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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Neway Valve (Suzhou) Co Inventory Turnover Chart

Neway Valve (Suzhou) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.63

1.88

1.56

1.76

1.63

Neway Valve (Suzhou) 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															0.40	0.40	0.42	0.43	0.41

Neway Valve (Suzhou) Co Inventory Turnover Calculation

Neway Valve (Suzhou) 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 )
=	3861.359	/ (	(2253.359	+	2473.255)	/	2 )
=	3861.359	/	2363.307
=	1.63

Neway Valve (Suzhou) 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 )
=	1005.458	/ (	(2473.255	+	2468.989)	/	2 )
=	1005.458	/	2471.122
=	0.41

Neway Valve (Suzhou) Co (SHSE:603699) 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.

Neway Valve (Suzhou) 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
	=	2471.122	/	1005.458	*	365 / 4
	=	224.27

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.

Neway Valve (Suzhou) 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 )
	=	2471.122	/	1555.897
	=	1.59

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.

Neway Valve (Suzhou) Co Inventory Turnover Related Terms

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Neway Valve (Suzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neway Valve (Suzhou) Co Ltd (SHSE:603699) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.666 Taishan Road, New District, Suzhou, Jiangsu, CHN

Website

http://www.newayvalve.com

Neway Valve (Suzhou) Co Ltd is a manufacturer and exporter of industrial valves. Its main products include Gate valve, globe valve, check valve, Cast steel valves, API602 forged steel valves, API603 stainless steel valves, Cryogenic Valves, Bellows Valves, Floating ball - Steel. Geographically it operates through China, however its business presence is also seen internationally.

Executives

Chen Bin	Supervisors
Cheng Xue Lai	senior management
Li Na	senior management
Ling Lei Jing	senior management
Feng Yin Long	Directors, senior managers
Lu Jian Hong	senior management
Lu Liang Feng	Directors, senior managers
Wei Han Sen	senior management
Cheng Zhang Wen	Director
Deng Guo Chuan	Director
Yao Jiong	senior management
Xi Chao	Director
Lu Bin	Director
Wang Bao Qing	Director
Gao Kai Ke	senior management

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