Chengzhi Co (SZSE:000990) Inventory Turnover : 2.92 (As of Mar. 2025)

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What is Chengzhi 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. Chengzhi Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥2,587 Mil. Chengzhi Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥885 Mil. Chengzhi Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chengzhi Co's Days Inventory for the three months ended in Mar. 2025 was 31.23.

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. Chengzhi Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.30.

Chengzhi Co Inventory Turnover Historical Data

The historical data trend for Chengzhi 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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Chengzhi Co Inventory Turnover Chart

Chengzhi Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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9.57

9.22

10.46

12.50

10.50

Chengzhi 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															2.66	3.13	2.83	2.84	2.92

Chengzhi Co Inventory Turnover Calculation

Chengzhi 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 )
=	9310.375	/ (	(863.58	+	910.435)	/	2 )
=	9310.375	/	887.0075
=	10.50

Chengzhi 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 )
=	2587.036	/ (	(910.435	+	860.318)	/	2 )
=	2587.036	/	885.3765
=	2.92

Chengzhi Co (SZSE:000990) 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.

Chengzhi 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
	=	885.3765	/	2587.036	*	365 / 4
	=	31.23

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.

Chengzhi 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 )
	=	885.3765	/	2997.83
	=	0.30

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.

Chengzhi Co Inventory Turnover Related Terms

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Chengzhi Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Chengzhi Co Ltd (SZSE:000990) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

TusPark (Jiangxi), Huajiang Building, 9th Floor, Economic and Technological Development Zone, Jiangxi Province, Nanchang, CHN, 330013

Website

http://www.chengzhi.com.cn

Chengzhi Co Ltd, formerly Chengzhi Shareholding Co Ltd is a China-based company engaged in the businesses of clean energy, functional materials and medical care and health.

Executives

Yu Hong Lei	Executives
Qin Bao Jian	Executives
Lv Ben Fu	Independent director
Gao Jian Tao	Executives
Xu Dong	Executives
Peng Qian	Executives
He Qin	Supervisors

Chengzhi Co Headlines

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