Guizhou Chanhen Chemical (SZSE:002895) Inventory Turnover : 1.10 (As of Sep. 2024)

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What is Guizhou Chanhen Chemical 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. Guizhou Chanhen Chemical's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥912 Mil. Guizhou Chanhen Chemical's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥830 Mil. Guizhou Chanhen Chemical's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guizhou Chanhen Chemical's Days Inventory for the three months ended in Sep. 2024 was 83.00.

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. Guizhou Chanhen Chemical's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.56.

Guizhou Chanhen Chemical Inventory Turnover Historical Data

The historical data trend for Guizhou Chanhen Chemical'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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Guizhou Chanhen Chemical Inventory Turnover Chart

Guizhou Chanhen Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.25

4.92

5.96

3.32

3.36

Guizhou Chanhen Chemical 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															0.99	0.92	0.88	1.26	1.10

Guizhou Chanhen Chemical Inventory Turnover Calculation

Guizhou Chanhen Chemical'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 )
=	2633.257	/ (	(792.207	+	776.286)	/	2 )
=	2633.257	/	784.2465
=	3.36

Guizhou Chanhen Chemical'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 )
=	912.357	/ (	(745.566	+	914.22)	/	2 )
=	912.357	/	829.893
=	1.10

Guizhou Chanhen Chemical (SZSE:002895) 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.

Guizhou Chanhen Chemical'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
	=	829.893	/	912.357	*	365 / 4
	=	83.00

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.

Guizhou Chanhen Chemical'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 )
	=	829.893	/	1489.337
	=	0.56

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.

Guizhou Chanhen Chemical Inventory Turnover Related Terms

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Guizhou Chanhen Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guizhou Chanhen Chemical Corp (SZSE:002895) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Buyi and Miao Autonomous Prefecture, Longchang Town, Guizhou Province, Fuquan, CHN, 550505

Website

http://www.chanphos.com

Guizhou Chanhen Chemical Corp operates in the phosphorus chemical industry. The company's main business is the production and sales of phosphoric acid and phosphate products. Its product portfolio consists of phosphate rock, feed additive, new fertilizer and firefighting ammonium.

Executives

Wang Jia Cai	Director
Yang Jin	Executives

Guizhou Chanhen Chemical Headlines

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