Hangzhou Toka Ink Co (SHSE:688571) Inventory Turnover : 1.19 (As of Mar. 2025)

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What is Hangzhou Toka Ink 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. Hangzhou Toka Ink Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥215 Mil. Hangzhou Toka Ink Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥181 Mil. Hangzhou Toka Ink Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hangzhou Toka Ink Co's Days Inventory for the three months ended in Mar. 2025 was 76.82.

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. Hangzhou Toka Ink Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.64.

Hangzhou Toka Ink Co Inventory Turnover Historical Data

The historical data trend for Hangzhou Toka Ink 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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Hangzhou Toka Ink Co Inventory Turnover Chart

Hangzhou Toka Ink Co Annual Data

Trend

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.73

4.94

4.99

5.41

5.27

Hangzhou Toka Ink 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															1.30	1.44	1.48	1.39	1.19

Hangzhou Toka Ink Co Inventory Turnover Calculation

Hangzhou Toka Ink 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 )
=	937.012	/ (	(165.116	+	190.243)	/	2 )
=	937.012	/	177.6795
=	5.27

Hangzhou Toka Ink 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 )
=	214.562	/ (	(190.243	+	171.009)	/	2 )
=	214.562	/	180.626
=	1.19

Hangzhou Toka Ink Co (SHSE:688571) 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.

Hangzhou Toka Ink 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
	=	180.626	/	214.562	*	365 / 4
	=	76.82

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.

Hangzhou Toka Ink 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 )
	=	180.626	/	282.825
	=	0.64

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.

Hangzhou Toka Ink Co Inventory Turnover Related Terms

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Hangzhou Toka Ink Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangzhou Toka Ink Co Ltd (SHSE:688571) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 (South), No. 5 Street, Baiyang Street, Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.hhink.com

Hangzhou Toka Ink Co Ltd is involved in the production and sales of energy-saving and environmentally friendly ink products. It offers various ink product such as Web offset printing ink, Gravure ink, water-based ink, special ink and others.

Executives

Cao Wen Xu	Directors, senior managers
Zhang Lei	senior management
Gong Zhang Shui	Senior management, core technical personnel
He Liang	Core technical personnel
He Tie Fei	Core technical personnel
Sun Guan Zhang	Core technical personnel
Qiu Ke Jia	Directors, senior managers
Wang Bin	senior management
Liu Xiao Peng	Core technical personnel
Shen Jian Bin	Senior management, core technical personnel
Lin Ri Sheng	Core technical personnel
Xia Jian Yong	Core technical personnel
Ma Zhi Qiang	Core technical personnel

Hangzhou Toka Ink Co Headlines

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