ANTA Sports Products (FRA:AS7) Inventory Turnover : 1.81 (As of Dec. 2023)

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What is ANTA Sports Products 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. ANTA Sports Products's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,597 Mil. ANTA Sports Products's Average Total Inventories for the quarter that ended in Dec. 2023 was €881 Mil. ANTA Sports Products's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ANTA Sports Products's Days Inventory for the six months ended in Dec. 2023 was 100.66.

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. ANTA Sports Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

ANTA Sports Products Inventory Turnover Historical Data

The historical data trend for ANTA Sports Products'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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ANTA Sports Products Inventory Turnover Chart

ANTA Sports Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.19

2.98

3.00

2.61

2.89

ANTA Sports Products Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.66	1.25	1.35	1.41	1.81

ANTA Sports Products Inventory Turnover Calculation

ANTA Sports Products'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 )
=	2995.963	/ (	(1149.585	+	925.964)	/	2 )
=	2995.963	/	1037.7745
=	2.89

ANTA Sports Products's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1597.385	/ (	(836.08	+	925.964)	/	2 )
=	1597.385	/	881.022
=	1.81

ANTA Sports Products (FRA:AS7) 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.

ANTA Sports Products's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	881.022	/	1597.385	*	365 / 2
	=	100.66

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.

ANTA Sports Products's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	881.022	/	4201.001
	=	0.21

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.

ANTA Sports Products Inventory Turnover Related Terms

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ANTA Sports Products (FRA:AS7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ANTA Sports Products Ltd (FRA:AS7) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ANPDY:USA ANPDF:USA ANTA:Mexico 02020:Hong Kong

Address

Anta Headquarters Building, Dongshan Industrial Zone, Chidian Town, Fujian Province, Jinjiang, CHN, 362212

Website

https://www.anta.com

Anta Sports is the largest Chinese sportswear company, engaging in the design, manufacturing, and marketing of sportswear. Brands under Anta's management include the Anta core brand, Fila, Descente, Sprandi, Kolon, and KingKow. As of the end of 2020, the company had 12,260 stores, of which 9,922 were Anta stores and 2,006 were Fila stores.

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