Shenzhen Changfang Group Co (SZSE:300301) Inventory Turnover : 1.17 (As of Mar. 2024)

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What is Shenzhen Changfang 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. Shenzhen Changfang Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥96.7 Mil. Shenzhen Changfang Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥82.8 Mil. Shenzhen Changfang Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Changfang Group Co's Days Inventory for the three months ended in Mar. 2024 was 78.11.

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. Shenzhen Changfang Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

Shenzhen Changfang Group Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Changfang 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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Shenzhen Changfang Group Co Inventory Turnover Chart

Shenzhen Changfang Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.97

4.38

7.22

4.65

5.06

Shenzhen Changfang 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															1.14	1.73	1.39	1.19	1.17

Shenzhen Changfang Group Co Inventory Turnover Calculation

Shenzhen Changfang 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 )
=	465.72	/ (	(101.515	+	82.52)	/	2 )
=	465.72	/	92.0175
=	5.06

Shenzhen Changfang 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 )
=	96.703	/ (	(82.52	+	83.025)	/	2 )
=	96.703	/	82.7725
=	1.17

Shenzhen Changfang Group Co (SZSE:300301) 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.

Shenzhen Changfang 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
	=	82.7725	/	96.703	*	365 / 4
	=	78.11

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.

Shenzhen Changfang 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 )
	=	82.7725	/	136.963
	=	0.60

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.

Shenzhen Changfang Group Co Inventory Turnover Related Terms

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Shenzhen Changfang Group Co (SZSE:300301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Changfang Group Co Ltd (SZSE:300301) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 3 Road, Julongshan, Big Industry District, Shenzhen, CHN, 518118

Website

http://www.cfled.com

Shenzhen Changfang Group Co Ltd is engaged in research and development, design, production and sales of LED lighting source devices and LED lighting products, belonging to the semiconductor industry of electronic components industry. It is focused on the packaging of white LEDs for lighting, and downstream lighting. Its products include in-line and SMD LED lighting source devices, flashlights, rechargeable eye protection desk lamps, and portable devices, searchlights, emergency lights, horse lights, headlights, rechargeable energy-saving lamps, mosquito killers and electric mosquito swatters, multi-function mobile power supplies.

Executives

Xie Run Qiu	Supervisors
Nie Wei	Director
Li Di Chu	Directors, executives
Jiang Wei	Directors, executives
Deng Zi Quan	Directors, executives
Yang Wen Hao	Executives
Niu Wen Chao	Executives
Li Hai Jian	Secretary Dong
Meng Ling Bao	Supervisors
Deng Zi Zhang	Director
Huang Jin Zhang	Executives
Su Jin Yan	Supervisors

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