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Weihai Guangwei Composites Co (SZSE:300699) Inventory-to-Revenue : 0.93 (As of Mar. 2024)


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What is Weihai Guangwei Composites 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. Weihai Guangwei Composites Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥477 Mil. Weihai Guangwei Composites Co's Revenue for the three months ended in Mar. 2024 was ¥512 Mil. Weihai Guangwei Composites Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

Weihai Guangwei Composites Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.67) to Dec. 2023 (0.93)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Weihai Guangwei Composites Co's Days Inventory for the three months ended in Mar. 2024 was 160.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Weihai Guangwei Composites Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.


Weihai Guangwei Composites Co Inventory-to-Revenue Historical Data

The historical data trend for Weihai Guangwei Composites 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.

Weihai Guangwei Composites Co Inventory-to-Revenue Chart

Weihai Guangwei Composites 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 0.14 0.14 0.13 0.21 0.22

Weihai Guangwei Composites 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 1.14 0.90 1.10 0.67 0.93

Competitive Comparison of Weihai Guangwei Composites Co's Inventory-to-Revenue

For the Chemicals subindustry, Weihai Guangwei Composites 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.


Weihai Guangwei Composites Co's Inventory-to-Revenue Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Weihai Guangwei Composites Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Weihai Guangwei Composites Co's Inventory-to-Revenue falls into.



Weihai Guangwei Composites 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.

Weihai Guangwei Composites 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 )
=( (645.035 + 455.962) / 2 ) / 2517.697
=550.4985 / 2517.697
=0.22

Weihai Guangwei Composites 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 )
=( (455.962 + 497.478) / 2 ) / 511.597
=476.72 / 511.597
=0.93

* 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.


Weihai Guangwei Composites Co  (SZSE:300699) 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.

Weihai Guangwei Composites 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
=476.72/271.257*365 / 4
=160.37

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

Weihai Guangwei Composites 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 )
=271.257 / 476.72
=0.57

* 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.


Weihai Guangwei Composites Co Inventory-to-Revenue Related Terms

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Weihai Guangwei Composites Co (SZSE:300699) Business Description

Traded in Other Exchanges
N/A
Address
Tianjin High Road - 130, Hi-Tech District, Shandong Province, Weihai, CHN, 264202
Weihai Guangwei Composites Co Ltd is engaged in research, development, and production of advanced composites. It offers carbon, reinforced fiber fabric, prepregs and composite products. It is also engaged in equipment manufacturing. The company's composites and products are widely applied in various industries which include wind power, shipbuilding, sports industry, transportation industry, medical apparatus and instrument, textile machinery, industrial machinery, musical equipment, photographic equipment and the building.
Executives
Lin Feng Sen Executives
Zhang Yue Yi Directors, executives
Wang Zhuang Zhi Executives
Gao Zhang Xing Executives
Lu Zhao Jun Director
Wang Wen Yi Directors, executives
Li Shu Xiang Director
Tan Xian Cai Independent director

Weihai Guangwei Composites Co (SZSE:300699) Headlines

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