Hubei Dinglong Co (SZSE:300054) Inventory Turnover : 0.87 (As of Sep. 2024)

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What is Hubei Dinglong 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. Hubei Dinglong Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥466 Mil. Hubei Dinglong Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥536 Mil. Hubei Dinglong Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hubei Dinglong Co's Days Inventory for the three months ended in Sep. 2024 was 104.87.

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. Hubei Dinglong Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.59.

Hubei Dinglong Co Inventory Turnover Historical Data

The historical data trend for Hubei Dinglong 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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Hubei Dinglong Co Inventory Turnover Chart

Hubei Dinglong Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.98

3.56

3.39

3.15

3.22

Hubei Dinglong 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															0.82	0.94	0.78	0.84	0.87

Hubei Dinglong Co Inventory Turnover Calculation

Hubei Dinglong 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 )
=	1681.716	/ (	(546.94	+	499.058)	/	2 )
=	1681.716	/	522.999
=	3.22

Hubei Dinglong 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 )
=	466.429	/ (	(526.023	+	546.055)	/	2 )
=	466.429	/	536.039
=	0.87

Hubei Dinglong Co (SZSE:300054) 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.

Hubei Dinglong 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
	=	536.039	/	466.429	*	365 / 4
	=	104.87

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.

Hubei Dinglong 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 )
	=	536.039	/	906.918
	=	0.59

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.

Hubei Dinglong Co Inventory Turnover Related Terms

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Hubei Dinglong Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Dinglong Co Ltd (SZSE:300054) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Dongjing River Road, Wuhan Economic and Technological Development Zone, Hubei Province, Wuhan, CHN, 430057

Website

http://www.dl-kg.com

Hubei Dinglong Co Ltd is engaged in producing and supplying imaging chemicals used in electronic displays in China. It designs, develops and manufactures imaging materials for both toner and ink products. The company also offers Charge Control Agents (CCA), colorants and special pigments for both the imaging industry and automotive producers. The products of the company are chemical prepared toner, charge control agent for toner, colorants for inkjet, dispersion and emulsion, plastic colorants, toner cartridges, chemical mechanical polishing pad, among others.

Executives

Tian Kai Jun	Supervisors
Yang Bo	Director
Xiao Gui Lin	Executives
Huang Jin Hui	Executives
Yao Hong	Directors, executives
Su Min Guang	Director
Yang Ping Cai	Directors, Directors, and Executives
Jiang Meng Juan	Supervisors
Cheng Yong	Directors, Directors, and Executives
Zhu Shuang Quan	Director
Zhu Shun Quan	Directors, executives
Ou Yang Yan	Directors, executives
Liang Jue	Directors, executives
Lan Ze Guan	Executives
Dai Yuan Zheng	Supervisors

Hubei Dinglong Co Headlines

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