Shanghai Kinlita Chemical Co (SZSE:300225) Inventory Turnover : 1.46 (As of Jun. 2024)

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What is Shanghai Kinlita Chemical 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 Kinlita Chemical Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥129.4 Mil. Shanghai Kinlita Chemical Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥88.7 Mil. Shanghai Kinlita Chemical Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Kinlita Chemical Co's Days Inventory for the three months ended in Jun. 2024 was 62.53.

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 Kinlita Chemical Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.47.

Shanghai Kinlita Chemical Co Inventory Turnover Historical Data

The historical data trend for Shanghai Kinlita Chemical 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 Kinlita Chemical Co Inventory Turnover Chart

Shanghai Kinlita Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.60

7.01

7.53

4.73

5.04

Shanghai Kinlita Chemical Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.40	1.31	1.43	1.16	1.46

Shanghai Kinlita Chemical Co Inventory Turnover Calculation

Shanghai Kinlita Chemical 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 )
=	540.255	/ (	(119.608	+	94.601)	/	2 )
=	540.255	/	107.1045
=	5.04

Shanghai Kinlita Chemical Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	129.444	/ (	(95.519	+	81.879)	/	2 )
=	129.444	/	88.699
=	1.46

Shanghai Kinlita Chemical Co (SZSE:300225) 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 Kinlita Chemical Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	88.699	/	129.444	*	365 / 4
	=	62.53

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 Kinlita Chemical Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	88.699	/	188.577
	=	0.47

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 Kinlita Chemical Co Inventory Turnover Related Terms

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Shanghai Kinlita Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Kinlita Chemical Co Ltd (SZSE:300225) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 139, Chugong Road, Shanghai Chemical Industry Zone, Shanghai, CHN, 201417

Website

http://www.knt.cn

Shanghai Kinlita Chemical Co Ltd is a player in the mid and high-end industrial coating industry. The company's product lineup includes automotive and industrial cationic electrocoat (CED), OEM automotive primer surfacer and topcoat.

Executives

Jing Zong Fa	Director
Yan Jia Hua	Directors, executives
Tang Yang	Secretary, Director
Liu Jin Mei	Director
Liu Xue Min	Supervisors
Su Ming Zhong	Director
Tian Bao Guo	Directors, executives
Wu Guo Zheng	Director
Zhou Wen Biao	Supervisors
Mou Zong Yuan	Director
Qian Qiong Wei	Directors, executives

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