Zhejiang Supor Co (SZSE:002032) Inventory Turnover : 1.92 (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Zhejiang Supor 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. Zhejiang Supor Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,065 Mil. Zhejiang Supor Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,122 Mil. Zhejiang Supor Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Supor Co's Days Inventory for the three months ended in Mar. 2024 was 47.64.

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. Zhejiang Supor Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

Zhejiang Supor Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Supor 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.

* Premium members only.

Zhejiang Supor Co Inventory Turnover Chart

Zhejiang Supor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.93

5.88

6.04

5.35

6.60

Zhejiang Supor 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															1.62	1.85	2.05	1.99	1.92

Zhejiang Supor Co Inventory Turnover Calculation

Zhejiang Supor 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 )
=	15700.129	/ (	(2494.923	+	2262.683)	/	2 )
=	15700.129	/	2378.803
=	6.60

Zhejiang Supor 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 )
=	4065.005	/ (	(2262.683	+	1981.685)	/	2 )
=	4065.005	/	2122.184
=	1.92

Zhejiang Supor Co (SZSE:002032) 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.

Zhejiang Supor 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
	=	2122.184	/	4065.005	*	365 / 4
	=	47.64

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.

Zhejiang Supor 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 )
	=	2122.184	/	5378.309
	=	0.39

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.

Zhejiang Supor Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Zhejiang Supor Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Supor Co (SZSE:002032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Supor Co Ltd (SZSE:002032) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1772 Jianghui Road, Supor Tower, 17th Floor, Dahuayu Economic Development Zone, Zhejiang Province, Hangzhou, Yuhuan, CHN, 310051

Website

http://www.supor.com.cn

Zhejiang Supor Co Ltd operates in the cookware and electric kitchen appliance industries in China. The products offered by the company are cookware, pressure cookers, steam irons and steam ironing machine, electric kettles, steam cookers, food processors, toasters, electric deep fryers, bread makers and indoor grill. The organization sells its products in China and internationally.

Zhejiang Supor Co (SZSE:002032) Headlines

No Headlines