Shanghai Anoky Group Co (SZSE:300067) Inventory Turnover : 0.53 (As of Sep. 2024)

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What is Shanghai Anoky 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. Shanghai Anoky Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥229.9 Mil. Shanghai Anoky Group Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥430.0 Mil. Shanghai Anoky Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Anoky Group Co's Days Inventory for the three months ended in Sep. 2024 was 170.66.

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. Shanghai Anoky Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.60.

Shanghai Anoky Group Co Inventory Turnover Historical Data

The historical data trend for Shanghai Anoky 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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Shanghai Anoky Group Co Inventory Turnover Chart

Shanghai Anoky Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.81

1.50

1.80

1.27

1.55

Shanghai Anoky Group 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															0.38	0.45	0.41	0.51	0.53

Shanghai Anoky Group Co Inventory Turnover Calculation

Shanghai Anoky 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 )
=	691.121	/ (	(497.96	+	394.643)	/	2 )
=	691.121	/	446.3015
=	1.55

Shanghai Anoky Group 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 )
=	229.926	/ (	(426.209	+	433.843)	/	2 )
=	229.926	/	430.026
=	0.53

Shanghai Anoky Group Co (SZSE:300067) 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.

Shanghai Anoky Group 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
	=	430.026	/	229.926	*	365 / 4
	=	170.66

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.

Shanghai Anoky Group 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 )
	=	430.026	/	269.08
	=	1.60

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.

Shanghai Anoky Group Co Inventory Turnover Related Terms

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Shanghai Anoky Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Anoky Group Co Ltd (SZSE:300067) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 2622 No 6188, Shanghai Lian Feng Road Zhu Town, Qingpu District, Shanghai, CHN, 201703

Website

http://www.anoky.com.cn

Shanghai Anoky Group Co Ltd provides dyeing and finishing solutions for new textile fabrics. The group's main business includes three parts: dyestuff fine chemicals, dyestuff e-commerce, and environmental protection and new materials. Its dyestuff products include ANOCRON disperse dyes, ANOZOL reactive dyes, ANOSET acid dyes, ANOFIX wool reactive dyes, ANOMEN for PA dyeing, ANOKE textile auxiliaries, and ANOKE digital printing ink.

Executives

Zhang Jian	Directors, Directors, and Executives
Li Jing	Securities Affairs Representative
Xu Zhang Jin	Directors, Directors, and Executives
Zheng Qiang	Executives
Dong Zhao Wei	Executives
Xue Feng	Independent director
Chen Chang Wen	Directors, executives
Ji Li Jun	Directors, executives
Wang Jing Min	Directors, executives
Geng Yi Ying	Supervisors
Mou Rong	Supervisors
Zang Shao Yu	Director
Wang Hong Dao	Directors, executives
Ma Cheng Bin	Executives
Wen Xin	Executives

Shanghai Anoky Group Co Headlines

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