GUANGZHOU TINCI MATERIALS TECHNOLOGY CO (SZSE:002709) Inventory Turnover : 1.63 (As of Mar. 2024)

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What is GUANGZHOU TINCI MATERIALS TECHNOLOGY 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. GUANGZHOU TINCI MATERIALS TECHNOLOGY CO's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,982 Mil. GUANGZHOU TINCI MATERIALS TECHNOLOGY CO's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,214 Mil. GUANGZHOU TINCI MATERIALS TECHNOLOGY CO's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GUANGZHOU TINCI MATERIALS TECHNOLOGY CO's Days Inventory for the three months ended in Mar. 2024 was 55.91.

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. GUANGZHOU TINCI MATERIALS TECHNOLOGY CO's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO Inventory Turnover Historical Data

The historical data trend for GUANGZHOU TINCI MATERIALS TECHNOLOGY 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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GUANGZHOU TINCI MATERIALS TECHNOLOGY CO Inventory Turnover Chart

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.15

4.65

8.01

7.64

6.44

GUANGZHOU TINCI MATERIALS TECHNOLOGY 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															1.50	1.53	1.80	1.85	1.63

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO Inventory Turnover Calculation

GUANGZHOU TINCI MATERIALS TECHNOLOGY 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 )
=	11411.598	/ (	(2373.84	+	1171.852)	/	2 )
=	11411.598	/	1772.846
=	6.44

GUANGZHOU TINCI MATERIALS TECHNOLOGY 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 )
=	1981.948	/ (	(1171.852	+	1256.781)	/	2 )
=	1981.948	/	1214.3165
=	1.63

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO (SZSE:002709) 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.

GUANGZHOU TINCI MATERIALS TECHNOLOGY 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
	=	1214.3165	/	1981.948	*	365 / 4
	=	55.91

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.

GUANGZHOU TINCI MATERIALS TECHNOLOGY 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 )
	=	1214.3165	/	2463.056
	=	0.49

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.

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO Inventory Turnover Related Terms

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GUANGZHOU TINCI MATERIALS TECHNOLOGY CO (SZSE:002709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD (SZSE:002709) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Dongcheng Tablet, Kangda Road, Yunpu Industrial Zone, Huangpu District, Guangdong, Guangzhou, CHN, 510760

Website

https://www.tinci.com

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD is engaged in the manufacturing and marketing of lithium-ion battery materials. Its main products include electrolytes of Li-ion Battery, Solvents, and Lithium Salts.

Executives

Xu Jin Fu	Directors, executives
Zhao Jing Wei	Director
Xu San Shan	Directors, executives
Gu Bin	Directors, executives
Li Xing Hua	Supervisors
Chen Xun Wu	Director
Xuan Da Yan	Secretary, Director
Zhou Shun Wu	Executives
Zhang Li Ping	Directors, executives
Pan Guo Zhong	Secretary, Director

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO (SZSE:002709) Headlines

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