Shandong Sinocera Functional Material Co (SZSE:300285) Inventory Turnover : 0.69 (As of Sep. 2024)

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What is Shandong Sinocera Functional Material 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. Shandong Sinocera Functional Material Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥616 Mil. Shandong Sinocera Functional Material Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥891 Mil. Shandong Sinocera Functional Material Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Sinocera Functional Material Co's Days Inventory for the three months ended in Sep. 2024 was 131.94.

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. Shandong Sinocera Functional Material Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.88.

Shandong Sinocera Functional Material Co Inventory Turnover Historical Data

The historical data trend for Shandong Sinocera Functional Material 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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Shandong Sinocera Functional Material Co Inventory Turnover Chart

Shandong Sinocera Functional Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.19

2.56

2.90

2.58

2.82

Shandong Sinocera Functional Material 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															0.71	0.76	0.58	0.74	0.69

Shandong Sinocera Functional Material Co Inventory Turnover Calculation

Shandong Sinocera Functional Material 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 )
=	2367.554	/ (	(890.758	+	789.471)	/	2 )
=	2367.554	/	840.1145
=	2.82

Shandong Sinocera Functional Material 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 )
=	615.999	/ (	(864.305	+	917.049)	/	2 )
=	615.999	/	890.677
=	0.69

Shandong Sinocera Functional Material Co (SZSE:300285) 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.

Shandong Sinocera Functional Material 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
	=	890.677	/	615.999	*	365 / 4
	=	131.94

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.

Shandong Sinocera Functional Material 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 )
	=	890.677	/	1012.814
	=	0.88

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.

Shandong Sinocera Functional Material Co Inventory Turnover Related Terms

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Shandong Sinocera Functional Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Sinocera Functional Material Co Ltd (SZSE:300285) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24 Liaohe Road, Dongying District, Shandong Province, Dongying, CHN, 257091

Website

http://www.sinocera.cn/

Shandong Sinocera Functional Material Co Ltd is mainly engaged in the research and development, production and sales of novel materials. The main products include multilayer ceramic capacitors, electronic ceramic materials, nano-scale composite zirconia materials, high-purity ultra-fine alumina materials, ceramic ink materials for inkjet printing, electronic pastes, honeycomb ceramics, and ceramic balls. Its products are mainly applied in an electronic information and communication, biomedical, new energy vehicles, architectural ceramics and modern high-tech fields such as porcelain, automotive and industrial catalysis, solar photovoltaic, and aerospace.

Executives

Zhang Xi	Director
Zhang Bing	Directors, executives
Wang Zhong	Supervisors
Wang Xiao Hong	Supervisors
Xu Shao Mei	Directors, executives
Zhao Hong Yan	Securities Affairs Representative
Liu Mei Na	Director
Song Xi Bin	Executives
Si Liu Qi	Executives

Shandong Sinocera Functional Material Co Headlines

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