Xilong Scientific Co (SZSE:002584) Inventory Turnover : 2.85 (As of Sep. 2024)

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What is Xilong Scientific 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. Xilong Scientific Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,968 Mil. Xilong Scientific Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥689 Mil. Xilong Scientific Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xilong Scientific Co's Days Inventory for the three months ended in Sep. 2024 was 31.96.

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. Xilong Scientific Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.33.

Xilong Scientific Co Inventory Turnover Historical Data

The historical data trend for Xilong Scientific 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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Xilong Scientific Co Inventory Turnover Chart

Xilong Scientific Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.54

9.32

8.28

11.93

13.50

Xilong Scientific 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															3.41	3.11	3.67	3.44	2.85

Xilong Scientific Co Inventory Turnover Calculation

Xilong Scientific 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 )
=	7223.167	/ (	(508.198	+	561.663)	/	2 )
=	7223.167	/	534.9305
=	13.50

Xilong Scientific 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 )
=	1968.286	/ (	(655.385	+	723.551)	/	2 )
=	1968.286	/	689.468
=	2.85

Xilong Scientific Co (SZSE:002584) 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.

Xilong Scientific 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
	=	689.468	/	1968.286	*	365 / 4
	=	31.96

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.

Xilong Scientific 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 )
	=	689.468	/	2106.816
	=	0.33

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.

Xilong Scientific Co Inventory Turnover Related Terms

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Xilong Scientific Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xilong Scientific Co Ltd (SZSE:002584) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

F21 DS Building, 538 North Dezheng Road, Guangzhou, CHN, 510045

Website

http://www.xlhg.com.cn

Xilong Scientific Co Ltd operates as a chemical reagents manufacturers and suppliers in China. Its products include chemical reagents (sulfuric acid, calcium hydroxide, ethanol, acetylacetone, nitric acid, ammonia solution, benzyl alcohol, ethanol, etc.), lab glassware (bottles, dish and tube; burning glass, measuring vessel and other lab glassware) and chemical raw materials (caustic soda flake, hydrochloric acid, sodium hydroxide).

Executives

Huang Wei Peng	Director
Huang Wei Bo	Director
Huang Zhen Kai	Directors, executives
Huang Shao Qun	Directors, executives
Liu Feng	Supervisors
Wei Ying Yin	Executives
Chen Biao	Directors, executives
Li Shu Yan	Supervisors
Mou Yong	Supervisors
Wang Qi Guang	Executives

Xilong Scientific Co Headlines

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