CoCreation Grass Co (SHSE:605099) Inventory Turnover : 1.00 (As of Sep. 2024)

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What is CoCreation Grass 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. CoCreation Grass Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥535 Mil. CoCreation Grass Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥533 Mil. CoCreation Grass Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CoCreation Grass Co's Days Inventory for the three months ended in Sep. 2024 was 90.86.

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. CoCreation Grass Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.71.

CoCreation Grass Co Inventory Turnover Historical Data

The historical data trend for CoCreation Grass 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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CoCreation Grass Co Inventory Turnover Chart

CoCreation Grass Co Annual Data

Trend

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.27

4.02

3.76

3.40

3.42

CoCreation Grass 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															0.88	0.73	0.95	1.08	1.00

CoCreation Grass Co Inventory Turnover Calculation

CoCreation Grass 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 )
=	1684.11	/ (	(476.765	+	507.316)	/	2 )
=	1684.11	/	492.0405
=	3.42

CoCreation Grass 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 )
=	535.151	/ (	(538.393	+	527.348)	/	2 )
=	535.151	/	532.8705
=	1.00

CoCreation Grass Co (SHSE:605099) 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.

CoCreation Grass 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
	=	532.8705	/	535.151	*	365 / 4
	=	90.86

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.

CoCreation Grass 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 )
	=	532.8705	/	749.724
	=	0.71

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.

CoCreation Grass Co Inventory Turnover Related Terms

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CoCreation Grass Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » CoCreation Grass Co Ltd (SHSE:605099) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

66 Guangzhou East Road, Economic Development Zone, Huaian District, Jiangsu Province, Huaian, CHN, 223001

Website

http://www.ccgrass.cn

CoCreation Grass Co Ltd is a manufacturer of artificial grass providing the artificial turf for both athletic and landscape purposes. The company's products include football turf, hockey turf, rugby turf, tennis turf, and multi-sport turf and landscape grass.

Executives

Han Zhi Cheng	senior management
Li Lan Ying	senior management
Xiao Hui Shu	senior management
Chen Guo Qing	senior management
Chen Jin Gui	senior management
Zhao Chun Gui	senior management
Jiang Shi Yi	Directors, senior managers

CoCreation Grass Co Headlines

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