Shenzhen Noposion Crop Science Co (SZSE:002215) Inventory Turnover : 0.87 (As of Mar. 2024)

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What is Shenzhen Noposion Crop Science 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. Shenzhen Noposion Crop Science Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥991 Mil. Shenzhen Noposion Crop Science Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,138 Mil. Shenzhen Noposion Crop Science Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Noposion Crop Science Co's Days Inventory for the three months ended in Mar. 2024 was 104.78.

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. Shenzhen Noposion Crop Science Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.62.

Shenzhen Noposion Crop Science Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Noposion Crop Science 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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Shenzhen Noposion Crop Science Co Inventory Turnover Chart

Shenzhen Noposion Crop Science Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.55

2.68

2.69

2.65

2.61

Shenzhen Noposion Crop Science 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															0.79	0.87	0.40	0.65	0.87

Shenzhen Noposion Crop Science Co Inventory Turnover Calculation

Shenzhen Noposion Crop Science 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 )
=	2906.29	/ (	(1066.842	+	1156.45)	/	2 )
=	2906.29	/	1111.646
=	2.61

Shenzhen Noposion Crop Science 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 )
=	990.624	/ (	(1156.45	+	1118.617)	/	2 )
=	990.624	/	1137.5335
=	0.87

Shenzhen Noposion Crop Science Co (SZSE:002215) 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.

Shenzhen Noposion Crop Science 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
	=	1137.5335	/	990.624	*	365 / 4
	=	104.78

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.

Shenzhen Noposion Crop Science 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 )
	=	1137.5335	/	1826.962
	=	0.62

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.

Shenzhen Noposion Crop Science Co Inventory Turnover Related Terms

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Shenzhen Noposion Crop Science Co (SZSE:002215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Shenzhen Noposion Crop Science Co Ltd (SZSE:002215) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 113 Shuiku Road, Xixiang Town, Bao'an District, Guangdong, Shenzhen, CHN, 518102

Website

http://www.noposion.com

Shenzhen Noposion Crop Science Co Ltd, formerly Shenzhen Noposion Agrochemicals Co Ltd is engaged in the research and development, production, sales and agricultural technology services of agricultural biotech products. The company's major products include fungicides, insecticides, herbicides, plant nutrient products and additives, among others.

Executives

Yuan Qing Hong	Executives
Gao Huan Sen	Directors, executives
Li Guang Ze	Executives
Wang Shi Hao	Director
Lu Bai Qiang	Director
Cao Ming Zhang	Supervisors
Long Xiao Jun	Supervisors
Li Pu Chao	Supervisors
Chen Jun Wang	Director
Li Wan Wen	Supervisors
Gong Wen Jing	Securities Affairs Representative
Bi Xiang Qian	Director
He Qing Min	Executives
Liu Zhen Feng	Director
Gao Jun	Executives

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