Maoming Petro-chemical Shihua Co (SZSE:000637) Inventory Turnover : 5.40 (As of Sep. 2024)

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What is Maoming Petro-chemical Shihua 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. Maoming Petro-chemical Shihua Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥885 Mil. Maoming Petro-chemical Shihua Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥164 Mil. Maoming Petro-chemical Shihua Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 5.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maoming Petro-chemical Shihua Co's Days Inventory for the three months ended in Sep. 2024 was 16.90.

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. Maoming Petro-chemical Shihua Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.18.

Maoming Petro-chemical Shihua Co Inventory Turnover Historical Data

The historical data trend for Maoming Petro-chemical Shihua 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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Maoming Petro-chemical Shihua Co Inventory Turnover Chart

Maoming Petro-chemical Shihua Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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24.45

19.78

22.66

24.20

18.96

Maoming Petro-chemical Shihua 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															6.07	2.31	5.50	4.00	5.40

Maoming Petro-chemical Shihua Co Inventory Turnover Calculation

Maoming Petro-chemical Shihua 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 )
=	4327.133	/ (	(235.444	+	220.927)	/	2 )
=	4327.133	/	228.1855
=	18.96

Maoming Petro-chemical Shihua 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 )
=	884.862	/ (	(130.541	+	197.171)	/	2 )
=	884.862	/	163.856
=	5.40

Maoming Petro-chemical Shihua Co (SZSE:000637) 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.

Maoming Petro-chemical Shihua 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
	=	163.856	/	884.862	*	365 / 4
	=	16.90

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.

Maoming Petro-chemical Shihua 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 )
	=	163.856	/	934.449
	=	0.18

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.

Maoming Petro-chemical Shihua Co Inventory Turnover Related Terms

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Maoming Petro-chemical Shihua Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Maoming Petro-chemical Shihua Co Ltd (SZSE:000637) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 162 Guandu Road, Guangdong Province, Maoming, CHN, 525000

Website

http://www.mhsh0637.com.cn

Maoming Petro-chemical Shihua Co Ltd is a China-based company engaged in the manufacture and sale of petrochemicals. The company's product profile includes polypropylene resin powder, Methyl tert-butyl ether, Ethanolamine, Industrial white oil, Plastic products, and others.

Executives

Fan Hong Yan	Director
Song Hu Tang	Executives
Zhu Yue Hua	Supervisors
Cao Guang Ming	Executives
Liu Xiao Yan	Supervisors
Liang Jie	Executives
Liu Yi Cong	Supervisors
Bai Jian Guang	Executives
Sun Jing Lei	Directors, executives
Chen Ning	Supervisors

Maoming Petro-chemical Shihua Co Headlines

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