Shantou Wanshun New Material Group Co (SZSE:300057) Inventory Turnover : 1.12 (As of Mar. 2024)

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What is Shantou Wanshun New Material Group 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. Shantou Wanshun New Material Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,215 Mil. Shantou Wanshun New Material Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,080 Mil. Shantou Wanshun New Material Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shantou Wanshun New Material Group Co's Days Inventory for the three months ended in Mar. 2024 was 81.17.

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. Shantou Wanshun New Material Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.84.

Shantou Wanshun New Material Group Co Inventory Turnover Historical Data

The historical data trend for Shantou Wanshun New Material Group 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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Shantou Wanshun New Material Group Co Inventory Turnover Chart

Shantou Wanshun New Material Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.13

7.23

7.76

6.45

4.98

Shantou Wanshun New Material Group 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															1.08	1.34	1.47	1.46	1.12

Shantou Wanshun New Material Group Co Inventory Turnover Calculation

Shantou Wanshun New Material Group 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 )
=	5021.209	/ (	(987.769	+	1030.676)	/	2 )
=	5021.209	/	1009.2225
=	4.98

Shantou Wanshun New Material Group 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 )
=	1214.648	/ (	(1030.676	+	1130.288)	/	2 )
=	1214.648	/	1080.482
=	1.12

Shantou Wanshun New Material Group Co (SZSE:300057) 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.

Shantou Wanshun New Material Group 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
	=	1080.482	/	1214.648	*	365 / 4
	=	81.17

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.

Shantou Wanshun New Material Group 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 )
	=	1080.482	/	1282.145
	=	0.84

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.

Shantou Wanshun New Material Group Co Inventory Turnover Related Terms

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Shantou Wanshun New Material Group Co (SZSE:300057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shantou Wanshun New Material Group Co Ltd (SZSE:300057) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shantou Free Trade Zone, Wanshun Industrial Park, Guangdong Province, Shantou, CHN, 515078

Website

http://www.wanshun.cn

Shantou Wanshun New Material Group Co Ltd, formerly known as Shantou Wanshun Package Material Stock Co Ltd is a China-based company engaged in producing eco-friendly packaging material, high-precision aluminum foil, and functional film. The products offered by the company are intelligent light control film, ITO conductive film, high resistance diaphragm, aluminized film, intelligent electronically controlled liquid crystal film, and others.

Executives

Du Cheng Cheng	Directors, executives
Zhang Ji Hui	Independent director
Zhou Qian Wen	Director
Cai Yi Ran	Director
Yang Shi Zhe	Securities Affairs Representative
Han Xiao	Directors, executives, representatives of securiti

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