China Rare Earth Resources & Technology Co (SZSE:000831) Inventory Turnover : 0.18 (As of Mar. 2024)

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What is China Rare Earth Resources & 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. China Rare Earth Resources & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥289 Mil. China Rare Earth Resources & Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,565 Mil. China Rare Earth Resources & Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Rare Earth Resources & Technology Co's Days Inventory for the three months ended in Mar. 2024 was 494.85.

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. China Rare Earth Resources & Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 5.19.

China Rare Earth Resources & Technology Co Inventory Turnover Historical Data

The historical data trend for China Rare Earth Resources & 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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China Rare Earth Resources & Technology Co Inventory Turnover Chart

China Rare Earth Resources & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.14

0.87

1.33

1.34

1.69

China Rare Earth Resources & Technology Co Quarterly Data
	Jun19	Sep19	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															0.66	0.25	0.55	0.21	0.18

China Rare Earth Resources & Technology Co Inventory Turnover Calculation

China Rare Earth Resources & Technology 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 )
=	3096.853	/ (	(2030.372	+	1641.419)	/	2 )
=	3096.853	/	1835.8955
=	1.69

China Rare Earth Resources & Technology 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 )
=	288.564	/ (	(1641.419	+	1488.372)	/	2 )
=	288.564	/	1564.8955
=	0.18

China Rare Earth Resources & Technology Co (SZSE:000831) 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.

China Rare Earth Resources & Technology 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
	=	1564.8955	/	288.564	*	365 / 4
	=	494.85

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.

China Rare Earth Resources & Technology 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 )
	=	1564.8955	/	301.556
	=	5.19

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.

China Rare Earth Resources & Technology Co Inventory Turnover Related Terms

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China Rare Earth Resources & Technology Co (SZSE:000831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Rare Earth Resources & Technology Co Ltd (SZSE:000831) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 18 Zhangjiang South Avenue, 15th Floor, Building A, Haode Ginza, Zhanggong District, Jiangxi Province, Ganzhou, CHN, 341000

Website

http://www.cmreltd.com

China Rare Earth Resources & Technology Co Ltd is principally engaged in the production and sales of rare earth oxides. It is mainly engaged in the operation and trade of rare earth oxides, rare earth metals and rare earth deep processing products, as well as rare earth technology research and development and consulting services. The company's leading product include high-purity single rare earth oxides and rare earth co-precipitate products. Geographically activities are carried out through China.

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