Chongqing Qin'an M&E (SHSE:603758) Inventory Turnover : 1.37 (As of Dec. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Chongqing Qin'an M&E 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. Chongqing Qin'an M&E's Cost of Goods Sold for the three months ended in Dec. 2024 was ¥308 Mil. Chongqing Qin'an M&E's Average Total Inventories for the quarter that ended in Dec. 2024 was ¥224 Mil. Chongqing Qin'an M&E's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chongqing Qin'an M&E's Days Inventory for the three months ended in Dec. 2024 was 66.44.

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. Chongqing Qin'an M&E's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.55.

Chongqing Qin'an M&E Inventory Turnover Historical Data

The historical data trend for Chongqing Qin'an M&E'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.

Chongqing Qin'an M&E Inventory Turnover Chart

Chongqing Qin'an M&E Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

3.36

4.20

3.57

4.62

4.88

Chongqing Qin'an M&E Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.37	1.10	1.06	1.33	1.37

Chongqing Qin'an M&E Inventory Turnover Calculation

Chongqing Qin'an M&E'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 )
=	1216.966	/ (	(274.01	+	224.734)	/	2 )
=	1216.966	/	249.372
=	4.88

Chongqing Qin'an M&E's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	307.862	/ (	(223.612	+	224.734)	/	2 )
=	307.862	/	224.173
=	1.37

Chongqing Qin'an M&E (SHSE:603758) 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.

Chongqing Qin'an M&E's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	224.173	/	307.862	*	365 / 4
	=	66.44

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.

Chongqing Qin'an M&E's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	224.173	/	406.964
	=	0.55

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.

Chongqing Qin'an M&E Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Chongqing Qin'an M&E's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Chongqing Qin'an M&E Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Qin'an M&E PLC (SHSE:603758) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 701, Lanmei Road, Jiulongpo District, Chongqing, CHN, 400039

Website

http://www.qamemc.com

Chongqing Qin'an M&E PLC is a Chinese supplier of automotive powertrain engine key parts and transmission complicated parts. It is an integrated auto parts for casting and machining manufacturer company. The company's products range from cylinder head, cylinder block (Aluminum and Iron), crankshaft to transmission case and convert housing.

Executives

	Director
Luo Xiao Chuan	Director
Zhang Mao Liang	Supervisors
Yu Yang	Director
Liu Hong Qing	Director
Sun De Shan	Director
Liu Shu Jun	senior management
Huang An Lin	senior management
Zhou Bin	Director
Xu Zheng	senior management
Zhang Hua Ming	Director
Tang Ya Dong	Director
Yang Ying	Supervisors
Yan Zheng Gang	Supervisors

Chongqing Qin'an M&E Headlines

No Headlines