Shanghai Qifan Cable Co (SHSE:605222) Inventory Turnover : 0.91 (As of Mar. 2025)

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What is Shanghai Qifan Cable 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. Shanghai Qifan Cable Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥3,824 Mil. Shanghai Qifan Cable Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥4,204 Mil. Shanghai Qifan Cable Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Qifan Cable Co's Days Inventory for the three months ended in Mar. 2025 was 100.34.

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. Shanghai Qifan Cable Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.02.

Shanghai Qifan Cable Co Inventory Turnover Historical Data

The historical data trend for Shanghai Qifan Cable 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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Shanghai Qifan Cable Co Inventory Turnover Chart

Shanghai Qifan Cable Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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6.71

9.08

6.37

5.54

5.68

Shanghai Qifan Cable Co 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															0.98	1.04	1.20	1.43	0.91

Shanghai Qifan Cable Co Inventory Turnover Calculation

Shanghai Qifan Cable 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 )
=	21684.275	/ (	(3939.279	+	3701.74)	/	2 )
=	21684.275	/	3820.5095
=	5.68

Shanghai Qifan Cable Co'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 )
=	3823.535	/ (	(3701.74	+	4707.017)	/	2 )
=	3823.535	/	4204.3785
=	0.91

Shanghai Qifan Cable Co (SHSE:605222) 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.

Shanghai Qifan Cable Co'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
	=	4204.3785	/	3823.535	*	365 / 4
	=	100.34

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.

Shanghai Qifan Cable Co'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 )
	=	4204.3785	/	4123.654
	=	1.02

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.

Shanghai Qifan Cable Co Inventory Turnover Related Terms

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Shanghai Qifan Cable Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Qifan Cable Co Ltd (SHSE:605222) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 238 Zhenkang Road, Zhangyan Town, Jinshan District, Shanghai, CHN, 201514

Website

http://www.qifancable.com

Shanghai Qifan Cable Co Ltd is engaged in wire and cable production, sales and service. The company's products cover low voltage power cable, medium voltage power cable, extra high voltage power cable, control cable, instrumentation cable, building wire, flexible rubber cable, fire rated cable, renewable cable, industrial cable, Lan cable, coaxial cable. Its products are categorized into Building Wire, Building Wire, Power Distribution, Fire Resistant Cable, Renewable Energy, Mining, Oil and Gas, and Data Communication.

Executives

Chen Yong Da	Directors, senior managers
Zhou Gui Xing	Director
Zhou Kai Min	Supervisors
Chen Zhi Yuan	senior management
Li Su Guo	senior management
Han Bao Zhong	Director
Guan Zi Fang	Directors, senior managers
Zhang Shang Yi	senior management
Zhou Xian Lai	senior management

Shanghai Qifan Cable Co Headlines

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