Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Inventory Turnover : 0.38 (As of Mar. 2024)

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What is Argus (Shanghai) Textile Chemicals 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. Argus (Shanghai) Textile Chemicals Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥150.4 Mil. Argus (Shanghai) Textile Chemicals Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥394.9 Mil. Argus (Shanghai) Textile Chemicals Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Argus (Shanghai) Textile Chemicals Co's Days Inventory for the three months ended in Mar. 2024 was 239.60.

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. Argus (Shanghai) Textile Chemicals Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.82.

Argus (Shanghai) Textile Chemicals Co Inventory Turnover Historical Data

The historical data trend for Argus (Shanghai) Textile Chemicals 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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Argus (Shanghai) Textile Chemicals Co Inventory Turnover Chart

Argus (Shanghai) Textile Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.90

1.59

1.62

1.31

1.40

Argus (Shanghai) Textile Chemicals Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.35	0.37	0.36	0.32	0.38

Argus (Shanghai) Textile Chemicals Co Inventory Turnover Calculation

Argus (Shanghai) Textile Chemicals 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 )
=	547.898	/ (	(381.775	+	401.094)	/	2 )
=	547.898	/	391.4345
=	1.40

Argus (Shanghai) Textile Chemicals Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	150.405	/ (	(401.094	+	388.772)	/	2 )
=	150.405	/	394.933
=	0.38

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) 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.

Argus (Shanghai) Textile Chemicals Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	394.933	/	150.405	*	365 / 4
	=	239.60

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.

Argus (Shanghai) Textile Chemicals Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	394.933	/	217.125
	=	1.82

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.

Argus (Shanghai) Textile Chemicals Co Inventory Turnover Related Terms

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Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Argus (Shanghai) Textile Chemicals Co Ltd (SHSE:603790) » Definitions » Inventory Turnover

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Address

No. 388 Jinyuan Liu Road, Jiangqiao, Jiading, Room 275-278, Building 16, Shanghai, CHN, 201812

Website

http://www.argus.net.cn

Argus (Shanghai) Textile Chemicals Co Ltd is a Chinese company that manufactures dyes. The company is specialized in the research and development, manufacturing and marketing of textile chemicals and providing technical support services for several specialties. It offers Dyes for cellulose, polyamide, wool, polyester, and silk. While its other products categories include Argasoft products and other auxiliary services related to dying.

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