Do-Fluoride New Materials Co (SZSE:002407) Inventory Turnover : 1.35 (As of Mar. 2024)

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What is Do-Fluoride New Materials 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. Do-Fluoride New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,968 Mil. Do-Fluoride New Materials Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,453 Mil. Do-Fluoride New Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Do-Fluoride New Materials Co's Days Inventory for the three months ended in Mar. 2024 was 67.39.

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. Do-Fluoride New Materials Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.68.

Do-Fluoride New Materials Co Inventory Turnover Historical Data

The historical data trend for Do-Fluoride New Materials 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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Do-Fluoride New Materials Co Inventory Turnover Chart

Do-Fluoride New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.40

4.55

4.44

4.81

5.72

Do-Fluoride New Materials 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															1.23	1.56	1.92	1.81	1.35

Do-Fluoride New Materials Co Inventory Turnover Calculation

Do-Fluoride New Materials 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 )
=	9996.428	/ (	(1917.041	+	1576.297)	/	2 )
=	9996.428	/	1746.669
=	5.72

Do-Fluoride New Materials 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 )
=	1967.941	/ (	(1576.297	+	1330.486)	/	2 )
=	1967.941	/	1453.3915
=	1.35

Do-Fluoride New Materials Co (SZSE:002407) 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.

Do-Fluoride New Materials 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
	=	1453.3915	/	1967.941	*	365 / 4
	=	67.39

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.

Do-Fluoride New Materials 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 )
	=	1453.3915	/	2129.146
	=	0.68

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.

Do-Fluoride New Materials Co Inventory Turnover Related Terms

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Do-Fluoride New Materials Co (SZSE:002407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Do-Fluoride New Materials Co Ltd (SZSE:002407) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Jiake Road, Zhongzhan District, Henan Province, Jiaozuo, CHN, 454191

Website

http://www.dfdchem.com

Do-Fluoride New Materials Co Ltd, formerly Do-Fluoride Chemicals Co Ltd is engaged in the research, production, and sale of fluoride products in China. The company's products are used in the aeronautics and astronautics, electronics, and agriculture industries.

Executives

Li Yun Feng	Directors, executives
Li Ling Yun	Director
Li Shi Jiang	Director
Han Shi Jun	Directors, executives
Wang Yi Hao	Supervisors
Zhao Yong Feng	Executives
Hao Jian Tang	Executives
Chen Xiang Ju	Supervisors
Li Juan	Supervisors
Yang Hua Chun	Executives
Yuan Qiu Yu	Securities Affairs Representative
Cheng Li Jing	Executives
Xu Sui Jun	Supervisors
Zhao Shuang Cheng	Supervisors
Chen Yan	Director

Do-Fluoride New Materials Co (SZSE:002407) Headlines

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