Chongqingnsheng Industrial Co (SZSE:002742) Inventory Turnover : 0.97 (As of Mar. 2024)

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What is Chongqingnsheng Industrial 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. Chongqingnsheng Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥270 Mil. Chongqingnsheng Industrial Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥279 Mil. Chongqingnsheng Industrial Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chongqingnsheng Industrial Co's Days Inventory for the three months ended in Mar. 2024 was 94.34.

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. Chongqingnsheng Industrial Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Chongqingnsheng Industrial Co Inventory Turnover Historical Data

The historical data trend for Chongqingnsheng Industrial 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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Chongqingnsheng Industrial Co Inventory Turnover Chart

Chongqingnsheng Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.14

5.56

6.34

6.43

6.25

Chongqingnsheng Industrial 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															1.51	1.68	1.68	1.30	0.97

Chongqingnsheng Industrial Co Inventory Turnover Calculation

Chongqingnsheng Industrial 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 )
=	1643.532	/ (	(268.174	+	258.033)	/	2 )
=	1643.532	/	263.1035
=	6.25

Chongqingnsheng Industrial 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 )
=	269.822	/ (	(258.033	+	299.861)	/	2 )
=	269.822	/	278.947
=	0.97

Chongqingnsheng Industrial Co (SZSE:002742) 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.

Chongqingnsheng Industrial 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
	=	278.947	/	269.822	*	365 / 4
	=	94.34

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.

Chongqingnsheng Industrial 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 )
	=	278.947	/	348.15
	=	0.80

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.

Chongqingnsheng Industrial Co Inventory Turnover Related Terms

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Chongqingnsheng Industrial Co (SZSE:002742) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chongqing Sansheng Industrial Co Ltd (SZSE:002742) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Sansheng Town Street, Beibei District, Chongqing, CHN, 400718

Website

http://www.cqssgf.com

Chongqing Sansheng Industrial Co Ltd is engaged in concrete and chemical business. It covers the utilization of gypsum formed based on new environmentally friendly building materials and sulfuric acid, sulfur chemical research and development, production and sales. Its products include building materials and chemicals sector products which are commercial concrete, water reducing agent, expansion agent and sulfuric acid. The company's products used in industrial and civil buildings, highways, railways, bridges, tunnels, airports, water conservancy, and hydropower; sulfuric acid.

Executives

Pan Cheng Gong	Directors, executives
Hao Ting Yan	Director
Yang Zhi Yun	Executives
Pan Xian Wen	Director
Qian Jue Shi	Independent director
Zhang Zhi Qiang	Directors, executives
Li Wei	Executives
Fan Yu Jin	Executives
Yang Xing Zhi	Director
Pan Jing Kun	Director
Yang Min	Supervisors

Chongqingnsheng Industrial Co (SZSE:002742) Headlines

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