Namchow Food Group (Shanghai) Co (SHSE:605339) Inventory Turnover : 1.18 (As of Mar. 2024)

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What is Namchow Food Group (Shanghai) 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. Namchow Food Group (Shanghai) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥566 Mil. Namchow Food Group (Shanghai) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥479 Mil. Namchow Food Group (Shanghai) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Namchow Food Group (Shanghai) Co's Days Inventory for the three months ended in Mar. 2024 was 77.28.

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. Namchow Food Group (Shanghai) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.62.

Namchow Food Group (Shanghai) Co Inventory Turnover Historical Data

The historical data trend for Namchow Food Group (Shanghai) 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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Namchow Food Group (Shanghai) Co Inventory Turnover Chart

Namchow Food Group (Shanghai) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.48

4.20

4.36

3.98

4.40

Namchow Food Group (Shanghai) Co Quarterly Data
	Jun18	Dec18	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															1.12	1.30	1.16	1.18	1.18

Namchow Food Group (Shanghai) Co Inventory Turnover Calculation

Namchow Food Group (Shanghai) 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 )
=	2350.1	/ (	(570.051	+	497.452)	/	2 )
=	2350.1	/	533.7515
=	4.40

Namchow Food Group (Shanghai) 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 )
=	565.555	/ (	(497.452	+	460.46)	/	2 )
=	565.555	/	478.956
=	1.18

Namchow Food Group (Shanghai) Co (SHSE:605339) 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.

Namchow Food Group (Shanghai) 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
	=	478.956	/	565.555	*	365 / 4
	=	77.28

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.

Namchow Food Group (Shanghai) 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 )
	=	478.956	/	774.757
	=	0.62

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.

Namchow Food Group (Shanghai) Co Inventory Turnover Related Terms

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Namchow Food Group (Shanghai) Co (SHSE:605339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namchow Food Group (Shanghai) Co Ltd (SHSE:605339) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1397 Yishan Road, 12th Floor, Building A, Xuhui District, Shanghai, CHN, 200233

Website

http://www.ncbakery.com

Namchow Food Group (Shanghai) Co Ltd is engaged in the research and development, production and sales of baking fat-related products.

Executives

Xiang Shu Xian	senior management
Lin Chang Yu	senior management
Zhou Lan Xin	senior management

Namchow Food Group (Shanghai) Co (SHSE:605339) Headlines

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