Ningbo Ronbay New Energy Technology Co (SHSE:688005) Inventory Turnover : 1.59 (As of Dec. 2024)

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What is Ningbo Ronbay New Energy Technology 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. Ningbo Ronbay New Energy Technology Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ¥3,285 Mil. Ningbo Ronbay New Energy Technology Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ¥2,061 Mil. Ningbo Ronbay New Energy Technology Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningbo Ronbay New Energy Technology Co's Days Inventory for the three months ended in Dec. 2024 was 57.27.

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 Ronbay New Energy Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.55.

Ningbo Ronbay New Energy Technology Co Inventory Turnover Historical Data

The historical data trend for Ningbo Ronbay New Energy Technology 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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Ningbo Ronbay New Energy Technology Co Inventory Turnover Chart

Ningbo Ronbay New Energy Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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5.71

7.71

11.01

8.58

7.23

Ningbo Ronbay New Energy Technology 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															2.07	2.27	1.84	2.29	1.59

Ningbo Ronbay New Energy Technology Co Inventory Turnover Calculation

Ningbo Ronbay New Energy Technology 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 )
=	13576.436	/ (	(1532.69	+	2222.064)	/	2 )
=	13576.436	/	1877.377
=	7.23

Ningbo Ronbay New Energy Technology 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 )
=	3284.504	/ (	(1900.801	+	2222.064)	/	2 )
=	3284.504	/	2061.4325
=	1.59

Ningbo Ronbay New Energy Technology Co (SHSE:688005) 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 Ronbay New Energy Technology 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
	=	2061.4325	/	3284.504	*	365 / 4
	=	57.27

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 Ronbay New Energy Technology 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 )
	=	2061.4325	/	3764.28
	=	0.55

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 Ronbay New Energy Technology Co Inventory Turnover Related Terms

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Ningbo Ronbay New Energy Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Ronbay New Energy Technology Co Ltd (SHSE:688005) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

39 Tanjialing East Road, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.ronbaymat.com

Ningbo Ronbay New Energy Technology Co Ltd is engaged in the Research and Development, production, and marketing of multi-materials, lithium ferromanganese phosphate (lmfp) materials, sodium battery materials, and multi-precursors. The products are mainly used in the manufacturing of lithium/sodium batteries and are mainly applied in fields such as electric vehicles, electric two-wheelers, energy storage equipment, and electronic products.

Executives

Liu De Xian	senior management
Yuan Xu Jun	Core technical personnel
Bai Hou Shan	Director
Zhang Hui Qing	Director
Zhang Yuan	Director
Chen Ming Feng	Core technical personnel
Liu Xiang Lie	Director
Tian Qian Li	senior management
Yu Ji Yun	senior management
Ge Xin	senior management
Li Cong Xi	Core technical personnel

Ningbo Ronbay New Energy Technology Co Headlines

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