Sk Shu Paint Co (SHSE:603737) Inventory Turnover : 3.07 (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Sk Shu Paint 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. Sk Shu Paint Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥2,414 Mil. Sk Shu Paint Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥786 Mil. Sk Shu Paint Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sk Shu Paint Co's Days Inventory for the three months ended in Sep. 2024 was 29.69.

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. Sk Shu Paint Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.23.

Sk Shu Paint Co Inventory Turnover Historical Data

The historical data trend for Sk Shu Paint 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.

Sk Shu Paint Co Inventory Turnover Chart

Sk Shu Paint Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

9.50

10.90

15.98

13.18

12.16

Sk Shu Paint Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															3.35	2.69	2.00	3.45	3.07

Sk Shu Paint Co Inventory Turnover Calculation

Sk Shu Paint 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 )
=	8544.727	/ (	(656.919	+	748.739)	/	2 )
=	8544.727	/	702.829
=	12.16

Sk Shu Paint Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	2414.377	/ (	(798.56	+	772.71)	/	2 )
=	2414.377	/	785.635
=	3.07

Sk Shu Paint Co (SHSE:603737) 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.

Sk Shu Paint Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	785.635	/	2414.377	*	365 / 4
	=	29.69

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.

Sk Shu Paint Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	785.635	/	3385.322
	=	0.23

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.

Sk Shu Paint Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Sk Shu Paint Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Sk Shu Paint Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sk Shu Paint Co Ltd (SHSE:603737) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 518 LIyuan North Road, Licheng District, Fujian Province, Putian City, CHN, 351100

Website

http://www.skshu.com.cn

Sk Shu Paint Co Ltd is engaged in the Research and development, production and sales of architectural coatings (wall coatings), wood coatings and adhesives.

Executives

Zhao Fu Wei	Supervisors
Mi Li	Directors, senior managers
Peng Yong Sen	Supervisors
Hong Jie	Directors, senior managers
Lin De Dian	senior management
Zhu Qi Feng	Directors, senior managers
Lin Li Zhong	Director
Cai Wei Ting	Supervisors
Huang Sheng Lin	senior management
Fang Guo Qin	Directors, senior managers
Chen Chao Yang	Supervisors

Sk Shu Paint Co Headlines

No Headlines