Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) Inventory Turnover : 2.78 (As of Mar. 2025)

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What is Ningbo Changhong Polymer Scientific & Technical 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. Ningbo Changhong Polymer Scientific & Technical's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥676 Mil. Ningbo Changhong Polymer Scientific & Technical's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥243 Mil. Ningbo Changhong Polymer Scientific & Technical's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningbo Changhong Polymer Scientific & Technical's Days Inventory for the three months ended in Mar. 2025 was 32.87.

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. Ningbo Changhong Polymer Scientific & Technical's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.34.

Ningbo Changhong Polymer Scientific & Technical Inventory Turnover Historical Data

The historical data trend for Ningbo Changhong Polymer Scientific & Technical'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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Ningbo Changhong Polymer Scientific & Technical Inventory Turnover Chart

Ningbo Changhong Polymer Scientific & Technical Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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7.68

7.04

7.14

3.11

9.02

Ningbo Changhong Polymer Scientific & Technical 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															1.44	1.77	2.40	3.53	2.78

Ningbo Changhong Polymer Scientific & Technical Inventory Turnover Calculation

Ningbo Changhong Polymer Scientific & Technical'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 )
=	3299.374	/ (	(500.088	+	231.624)	/	2 )
=	3299.374	/	365.856
=	9.02

Ningbo Changhong Polymer Scientific & Technical'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 )
=	675.597	/ (	(231.624	+	255.116)	/	2 )
=	675.597	/	243.37
=	2.78

Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) 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.

Ningbo Changhong Polymer Scientific & Technical'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
	=	243.37	/	675.597	*	365 / 4
	=	32.87

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.

Ningbo Changhong Polymer Scientific & Technical'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 )
	=	243.37	/	717.69
	=	0.34

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.

Ningbo Changhong Polymer Scientific & Technical Inventory Turnover Related Terms

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Ningbo Changhong Polymer Scientific & Technical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Changhong Polymer Scientific & Technical Inc (SHSE:605008) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 108, Qijiashan Gangkou Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315803

Website

http://www.changhongpolymer.com

Ningbo Changhong Polymer Scientific & Technical Inc is engaged in production and sales of styrene-based thermoplastic elastomers (TPES). The company's products include Sstyrene-butadiene-styrene (SBS) and Styrene-ethylene-butylene-styrene (SEBS). Its products are used in many industrial fields such as shoes materials, asphalt modification, plastic modification, adhesive agent, medicine, health products, waterproofing materials, and construction materials, environmental-friendly plastic runway and bicycle tyre.

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