Zhejiang Double Arrow Rubber Co (SZSE:002381) Inventory Turnover : 0.84 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Zhejiang Double Arrow Rubber 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 Double Arrow Rubber Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥433 Mil. Zhejiang Double Arrow Rubber Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥514 Mil. Zhejiang Double Arrow Rubber Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Double Arrow Rubber Co's Days Inventory for the three months ended in Mar. 2024 was 108.15.

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 Double Arrow Rubber Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

Zhejiang Double Arrow Rubber Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Double Arrow Rubber 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 Double Arrow Rubber Co Inventory Turnover Chart

Zhejiang Double Arrow Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.90

4.34

4.27

4.25

4.26

Zhejiang Double Arrow Rubber 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															0.84	1.11	1.04	1.20	0.84

Zhejiang Double Arrow Rubber Co Inventory Turnover Calculation

Zhejiang Double Arrow Rubber 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 )
=	2054.578	/ (	(491.796	+	473.147)	/	2 )
=	2054.578	/	482.4715
=	4.26

Zhejiang Double Arrow Rubber 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 )
=	433.387	/ (	(473.147	+	554.152)	/	2 )
=	433.387	/	513.6495
=	0.84

Zhejiang Double Arrow Rubber Co (SZSE:002381) 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 Double Arrow Rubber 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
	=	513.6495	/	433.387	*	365 / 4
	=	108.15

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 Double Arrow Rubber 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 )
	=	513.6495	/	544.122
	=	0.94

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 Double Arrow Rubber Co Inventory Turnover Related Terms

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

Zhejiang Double Arrow Rubber Co (SZSE:002381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Double Arrow Rubber Co Ltd (SZSE:002381) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Zhou Quan town Industrial Zone, Tongxiang, Zhejiang, CHN, 314513

Website

http://www.doublearrow.net

Zhejiang Double Arrow Rubber Co Ltd is engaged as manufacturer of conveyor belts. The types of conveyor belts manufactured by company are acid and alkali resistant, high temperature resistant, flame retardant, oil resistant, heat resistant, tear resistant, puncture resistant, cold resistant, energy saving, and aramid.

Executives

Shen Kai Fei	Directors, executives
Shen Geng Liang	Director
Lang Hong Feng	Executives
Yan Hong Bin	Supervisors
Shen Hui Min	Directors, executives
Yu Ming Song	Director
Shen Lin Quan	Director
Lu Xin Hui	Supervisors
Shen Hong Fa	Directors, executives
Yu Bing Ren	Supervisors
Shen Hong Ming	Supervisors
Chen Bai Song	Directors, executives
Wu Jian Qin	Directors, executives
Yu Bing Ying	Executives
Xu Zhong Wei	Securities Affairs Representative

Zhejiang Double Arrow Rubber Co (SZSE:002381) Headlines

No Headlines