Shanghai Hongda New Material Co (SZSE:002211) Inventory Turnover : 1.92 (As of Mar. 2024)

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What is Shanghai Hongda New Material 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. Shanghai Hongda New Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥41.3 Mil. Shanghai Hongda New Material Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥21.5 Mil. Shanghai Hongda New Material 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. Shanghai Hongda New Material Co's Days Inventory for the three months ended in Mar. 2024 was 47.53.

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. Shanghai Hongda New Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Shanghai Hongda New Material Co Inventory Turnover Historical Data

The historical data trend for Shanghai Hongda New Material 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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Shanghai Hongda New Material Co Inventory Turnover Chart

Shanghai Hongda New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.00

4.46

2.65

11.90

12.50

Shanghai Hongda New Material 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															2.18	2.90	3.76	3.56	1.92

Shanghai Hongda New Material Co Inventory Turnover Calculation

Shanghai Hongda New Material 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 )
=	221.199	/ (	(20.204	+	15.19)	/	2 )
=	221.199	/	17.697
=	12.50

Shanghai Hongda New Material 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 )
=	41.285	/ (	(15.19	+	27.823)	/	2 )
=	41.285	/	21.5065
=	1.92

Shanghai Hongda New Material Co (SZSE:002211) 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.

Shanghai Hongda New Material 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
	=	21.5065	/	41.285	*	365 / 4
	=	47.53

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.

Shanghai Hongda New Material 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 )
	=	21.5065	/	46.166
	=	0.47

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.

Shanghai Hongda New Material Co Inventory Turnover Related Terms

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Shanghai Hongda New Material Co (SZSE:002211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Hongda New Material Co Ltd (SZSE:002211) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Mingzhu Plaza, Jiangsu Province, Yangzhong, CHN, 212200

Website

http://www.hongda-chemical.com

Shanghai Hongda New Material Co Ltd formerly known as Jiangsu Hongda New Material Co Ltd is engaged in producing high temperature silicone rubber products. The products of the company include die glue, low grade, ordinary molding, flame retardant, ordinary nipple glue, car matching glue, and cable joint glue.

Executives

Xu Liang Hu	Independent director
Liu Yan	Director
Zhu De Hong	Directors, executives
Lu Zhang Quan	Director
Zhang Jian Ping	Director
Guo Bei Qiong	Supervisors
Zhao Zhong Xiu	Director
Wu Jun Long	Supervisors
Wang Song	Executives
Zhang Jian	Director
Wang Yun	Executives

Shanghai Hongda New Material Co (SZSE:002211) Headlines

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