Wuxi Chemical Equipment Co (SZSE:001332) Inventory Turnover : 0.45 (As of Jun. 2024)

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What is Wuxi Chemical Equipment 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. Wuxi Chemical Equipment Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥317 Mil. Wuxi Chemical Equipment Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥708 Mil. Wuxi Chemical Equipment Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuxi Chemical Equipment Co's Days Inventory for the three months ended in Jun. 2024 was 203.80.

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. Wuxi Chemical Equipment Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.52.

Wuxi Chemical Equipment Co Inventory Turnover Historical Data

The historical data trend for Wuxi Chemical Equipment 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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Wuxi Chemical Equipment Co Inventory Turnover Chart

Wuxi Chemical Equipment Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.59

1.48

1.89

2.06

1.68

Wuxi Chemical Equipment Co Quarterly Data
	Dec14	Mar15	Dec16	Dec17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.24	0.25	0.49	0.19	0.45

Wuxi Chemical Equipment Co Inventory Turnover Calculation

Wuxi Chemical Equipment 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 )
=	959.367	/ (	(452.979	+	687.721)	/	2 )
=	959.367	/	570.35
=	1.68

Wuxi Chemical Equipment Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	317.067	/ (	(735.263	+	681.052)	/	2 )
=	317.067	/	708.1575
=	0.45

Wuxi Chemical Equipment Co (SZSE:001332) 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.

Wuxi Chemical Equipment Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	708.1575	/	317.067	*	365 / 4
	=	203.80

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.

Wuxi Chemical Equipment Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	708.1575	/	465.245
	=	1.52

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.

Wuxi Chemical Equipment Co Inventory Turnover Related Terms

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Wuxi Chemical Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Chemical Equipment Co Ltd (SZSE:001332) » Definitions » Inventory Turnover

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Address

No. 36, Huayi Road, Binhu District, Jiangsu Province, Wuxi City, CHN, 214131

Website

http://www.wce.cn

Wuxi Chemical Equipment Co Ltd is engaged in research and development, design, manufacture, sales and related technical services of metal pressure vessels used in petrochemical, fine chemical, natural gas, marines engineering equipment, nuclear power, solar photovoltaic and photothermal power generation.

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