Zhuzhou Feilu High-Tech Materials Co (SZSE:300665) Inventory Turnover : 0.55 (As of Sep. 2024)

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What is Zhuzhou Feilu High-Tech Materials 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. Zhuzhou Feilu High-Tech Materials Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥135.5 Mil. Zhuzhou Feilu High-Tech Materials Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥245.6 Mil. Zhuzhou Feilu High-Tech Materials Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhuzhou Feilu High-Tech Materials Co's Days Inventory for the three months ended in Sep. 2024 was 165.41.

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. Zhuzhou Feilu High-Tech Materials Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.59.

Zhuzhou Feilu High-Tech Materials Co Inventory Turnover Historical Data

The historical data trend for Zhuzhou Feilu High-Tech Materials 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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Zhuzhou Feilu High-Tech Materials Co Inventory Turnover Chart

Zhuzhou Feilu High-Tech Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.20

5.54

4.90

4.31

4.30

Zhuzhou Feilu High-Tech Materials 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															0.76	1.26	0.33	0.33	0.55

Zhuzhou Feilu High-Tech Materials Co Inventory Turnover Calculation

Zhuzhou Feilu High-Tech Materials 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 )
=	655.306	/ (	(153.941	+	150.844)	/	2 )
=	655.306	/	152.3925
=	4.30

Zhuzhou Feilu High-Tech Materials 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 )
=	135.504	/ (	(250.981	+	240.286)	/	2 )
=	135.504	/	245.6335
=	0.55

Zhuzhou Feilu High-Tech Materials Co (SZSE:300665) 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.

Zhuzhou Feilu High-Tech Materials 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
	=	245.6335	/	135.504	*	365 / 4
	=	165.41

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.

Zhuzhou Feilu High-Tech Materials 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 )
	=	245.6335	/	154.294
	=	1.59

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.

Zhuzhou Feilu High-Tech Materials Co Inventory Turnover Related Terms

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Zhuzhou Feilu High-Tech Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhuzhou Feilu High-Tech Materials Co Ltd (SZSE:300665) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Xiangxie Road, No. 98, Jinshan Industrial Park, Hetang District, Hunan Province, Zhuzhou, CHN, 412003

Website

https://www.zzfeilu.com

Zhuzhou Feilu High-Tech Materials Co Ltd is a supplier of anti-corrosion coatings, waterproof coatings, floor coatings, and other high-tech materials in China. It offers metal preservative products, such as alkyd lacquer, acrylic, polyurethane paint, epoxy paint, water-based, putty class paints, and other special coatings for use in track equipment, railway trucks, export cars, cargo, railway buses, railway locomotives, railway cars, other special vehicles. The company also offers polymer materials for new energy batteries, polymer materials for photovoltaic modules, wind power materials, and EPC projects.

Executives

Yi Jia Li	Secretary Dong
Liu Xiong Ying	Executives
He Xiao Feng	Directors, executives
Han Yu An	Executives
Fan Guo Dong	Directors, executives
Zhang Wei Guo	Director
Zhou Di Wu	Executives
Chen Jia	Supervisors
Peng Long Sheng	Executives
Liu Shuai	Supervisors
Xia Ling Gen	Director

Zhuzhou Feilu High-Tech Materials Co Headlines

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