Shandong Fiberglass Group Co (SHSE:605006) Inventory Turnover : 0.96 (As of Dec. 2024)

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What is Shandong Fiberglass Group 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. Shandong Fiberglass Group Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ¥450 Mil. Shandong Fiberglass Group Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ¥471 Mil. Shandong Fiberglass Group Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Fiberglass Group Co's Days Inventory for the three months ended in Dec. 2024 was 95.45.

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. Shandong Fiberglass Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.91.

Shandong Fiberglass Group Co Inventory Turnover Historical Data

The historical data trend for Shandong Fiberglass Group 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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Shandong Fiberglass Group Co Inventory Turnover Chart

Shandong Fiberglass Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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10.56

11.95

10.28

7.62

4.51

Shandong Fiberglass Group Co 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															1.86	1.83	1.45	1.13	0.96

Shandong Fiberglass Group Co Inventory Turnover Calculation

Shandong Fiberglass Group 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 )
=	1843.246	/ (	(283.221	+	533.692)	/	2 )
=	1843.246	/	408.4565
=	4.51

Shandong Fiberglass Group Co'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 )
=	450.333	/ (	(408.431	+	533.692)	/	2 )
=	450.333	/	471.0615
=	0.96

Shandong Fiberglass Group Co (SHSE:605006) 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.

Shandong Fiberglass Group Co'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
	=	471.0615	/	450.333	*	365 / 4
	=	95.45

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.

Shandong Fiberglass Group Co'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 )
	=	471.0615	/	518.749
	=	0.91

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.

Shandong Fiberglass Group Co Inventory Turnover Related Terms

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Shandong Fiberglass Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Fiberglass Group Co Ltd (SHSE:605006) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Yishui County Industrial Park, Shandong Province, Linyi, CHN, 276400

Website

http://www.glasstex.cn

Shandong Fiberglass Group Co Ltd is engaged in production and sales of glass fiber and its products. The company's products include Glass fiber yarn and Fiberglass products.

Executives

Niu Ai Jun	Director
Song Zhong Ling	Supervisors
Zhao Yan	Supervisors
Qiu Yuan Guo	senior management
Du Ji Shan	senior management
Wang Chuan Qiu	senior management
Li Jin Bao	senior management
Guo Zhao Heng	senior management
Yang Feng Bo	senior management
Cui Bao Shan	senior management
Zhang Shan Jun	Director
Li Zhao	senior management
Wu Yu Lou	Supervisors
Gao Gui Heng	Director

Shandong Fiberglass Group Co Headlines

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