Chacha Food Co (SZSE:002557) Inventory Turnover : 1.64 (As of Sep. 2024)

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What is Chacha Food 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. Chacha Food Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,244 Mil. Chacha Food Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥757 Mil. Chacha Food Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chacha Food Co's Days Inventory for the three months ended in Sep. 2024 was 55.56.

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. Chacha Food Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.41.

Chacha Food Co Inventory Turnover Historical Data

The historical data trend for Chacha Food 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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Chacha Food Co Inventory Turnover Chart

Chacha Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.48

2.34

2.59

3.83

3.82

Chacha Food Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.88	1.46	0.94	0.82	1.64

Chacha Food Co Inventory Turnover Calculation

Chacha Food 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 )
=	4984.861	/ (	(984.697	+	1623.301)	/	2 )
=	4984.861	/	1303.999
=	3.82

Chacha Food Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1243.619	/ (	(882.888	+	631.596)	/	2 )
=	1243.619	/	757.242
=	1.64

Chacha Food Co (SZSE:002557) 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.

Chacha Food Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	757.242	/	1243.619	*	365 / 4
	=	55.56

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.

Chacha Food Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	757.242	/	1859.297
	=	0.41

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.

Chacha Food Co Inventory Turnover Related Terms

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Chacha Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chacha Food Co Ltd (SZSE:002557) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1307 Lianhua Road, Economic & Technological Development Zone, Anhui, Hefei, CHN, 230601

Website

http://www.qiaqiafood.com

Chacha Food Co Ltd is a China-based company engaged in the production and distribution of leisure food. Its main products include traditional roasted products, including sunflower seed series; high-end nut products, including walnuts; baked food, including potato chips, as well as fried food, pickled food, biscuits and agricultural and sideline products, among others. It distributes its products under the brand name of ChaCha. The company distributes its products within domestic market and to overseas markets.

Executives

Chen Qi	Directors, executives
Zhang Ting Ting	Supervisors
Song Yu Huan	Supervisors
Chen Chang Jun	Executives
Tian Jing	Securities Affairs Representative
Xuan Li Feng	Director
Chen Xian Bao	Director

Chacha Food Co Headlines

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