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Hubei Xingfa Chemicals Group Co (SHSE:600141) Inventory-to-Revenue : 0.30 (As of Mar. 2024)


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What is Hubei Xingfa Chemicals Group Co Inventory-to-Revenue?

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. Hubei Xingfa Chemicals Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,070 Mil. Hubei Xingfa Chemicals Group Co's Revenue for the three months ended in Mar. 2024 was ¥6,888 Mil. Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Dec. 2023 (0.33) to Dec. 2023 (0.30)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hubei Xingfa Chemicals Group Co's Days Inventory for the three months ended in Mar. 2024 was 32.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hubei Xingfa Chemicals Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.85.


Hubei Xingfa Chemicals Group Co Inventory-to-Revenue Historical Data

The historical data trend for Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue 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.

* Premium members only.

Hubei Xingfa Chemicals Group Co Inventory-to-Revenue Chart

Hubei Xingfa Chemicals Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.10 0.08 0.08 0.09

Hubei Xingfa Chemicals 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-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.27 0.21 0.33 0.30

Competitive Comparison of Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue

For the Chemicals subindustry, Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue falls into.



Hubei Xingfa Chemicals Group Co Inventory-to-Revenue Calculation

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.

Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (2521.042 + 2234.49) / 2 ) / 28105.346
=2377.766 / 28105.346
=0.08

Hubei Xingfa Chemicals Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (2234.49 + 1904.776) / 2 ) / 6888.151
=2069.633 / 6888.151
=0.30

* 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.


Hubei Xingfa Chemicals Group Co  (SHSE:600141) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Hubei Xingfa Chemicals 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
=2069.633/5893.064*365 / 4
=32.05

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Hubei Xingfa Chemicals Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=5893.064 / 2069.633
=2.85

* 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.


Hubei Xingfa Chemicals Group Co Inventory-to-Revenue Related Terms

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Hubei Xingfa Chemicals Group Co (SHSE:600141) Business Description

Traded in Other Exchanges
N/A
Address
The Ancient Town Of Gaoyang Road, Cardiff 58, Xingshan County, Hubei Province, Yichang City, CHN, 443711
Hubei Xingfa Chemicals Group Co Ltd is engaged in developing, producing, and selling phosphoric products and fine chemicals primarily in China. The company offers phosphoric products, such as dicalcium phosphate, phosphoric acid, sodium tripolyphosphate, sodium hexametaphosphate, monosodium phosphate and trisodium phosphate food grade among others.
Executives
Bao Bo Ying senior management
Hu Kun Yi Director
Lu Ming Qing senior management
Cheng Ya Li Director
Liu Chang senior management
Li Mei Hui Supervisors
Yang Tie Jun senior management
Chen Fang Supervisors
Gong Jun Supervisors
Xie Juan Supervisors
Wang Jie Director
Yuan Bing Director
Shu Long Director
Ni Xiao Shan senior management
Li Shao Ping senior management

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