Anhui Sentai WPC Group Share Co (SZSE:301429) Inventory Turnover : 0.83 (As of Mar. 2024)

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What is Anhui Sentai WPC Group Share 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. Anhui Sentai WPC Group Share Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥137.0 Mil. Anhui Sentai WPC Group Share Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥164.1 Mil. Anhui Sentai WPC Group Share Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anhui Sentai WPC Group Share Co's Days Inventory for the three months ended in Mar. 2024 was 109.32.

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. Anhui Sentai WPC Group Share Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.86.

Anhui Sentai WPC Group Share Co Inventory Turnover Historical Data

The historical data trend for Anhui Sentai WPC Group Share 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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Anhui Sentai WPC Group Share Co Inventory Turnover Chart

Anhui Sentai WPC Group Share Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.39

4.21

4.20

3.80

3.62

Anhui Sentai WPC Group Share Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												1.16	0.94	0.79	0.96	0.83

Anhui Sentai WPC Group Share Co Inventory Turnover Calculation

Anhui Sentai WPC Group Share 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 )
=	456.166	/ (	(115.057	+	137.005)	/	2 )
=	456.166	/	126.031
=	3.62

Anhui Sentai WPC Group Share 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 )
=	137.014	/ (	(137.005	+	191.284)	/	2 )
=	137.014	/	164.1445
=	0.83

Anhui Sentai WPC Group Share Co (SZSE:301429) 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.

Anhui Sentai WPC Group Share 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
	=	164.1445	/	137.014	*	365 / 4
	=	109.32

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.

Anhui Sentai WPC Group Share 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 )
	=	164.1445	/	190.166
	=	0.86

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.

Anhui Sentai WPC Group Share Co Inventory Turnover Related Terms

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Anhui Sentai WPC Group Share Co (SZSE:301429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Anhui Sentai WPC Group Share Co Ltd (SZSE:301429) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Guohua Road, Guangde Economic Development Zone, Anhui Province, Xuancheng, CHN, 242200

Website

http://www.sentaiwpc.com

Anhui Sentai WPC Group Share Co Ltd is focused on the research and development and promotion of wood-plastic composite materials and their products. The company's products are mainly used in wood substitution, whole house assembly, prefabricated buildings, automotive interiors and other fields.

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