Shandong Chenming Paper Holdings (HKSE:01812) Inventory Turnover : 1.18 (As of Mar. 2024)

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What is Shandong Chenming Paper Holdings 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. Shandong Chenming Paper Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$6,437 Mil. Shandong Chenming Paper Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$5,446 Mil. Shandong Chenming Paper Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Chenming Paper Holdings's Days Inventory for the three months ended in Mar. 2024 was 77.20.

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. Shandong Chenming Paper Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

Shandong Chenming Paper Holdings Inventory Turnover Historical Data

The historical data trend for Shandong Chenming Paper Holdings'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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Shandong Chenming Paper Holdings Inventory Turnover Chart

Shandong Chenming Paper Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.89

4.92

4.34

4.10

Shandong Chenming Paper Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.80	0.84	1.10	1.18	1.18

Shandong Chenming Paper Holdings Inventory Turnover Calculation

Shandong Chenming Paper Holdings'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 )
=	26737.956	/ (	(7618.134	+	5423.15)	/	2 )
=	26737.956	/	6520.642
=	4.10

Shandong Chenming Paper Holdings'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 )
=	6436.533	/ (	(5423.15	+	5467.952)	/	2 )
=	6436.533	/	5445.551
=	1.18

Shandong Chenming Paper Holdings (HKSE:01812) 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.

Shandong Chenming Paper Holdings'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
	=	5445.551	/	6436.533	*	365 / 4
	=	77.20

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.

Shandong Chenming Paper Holdings'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 )
	=	5445.551	/	7345.328
	=	0.74

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.

Shandong Chenming Paper Holdings Inventory Turnover Related Terms

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Shandong Chenming Paper Holdings (HKSE:01812) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Chenming Paper Holdings Ltd (HKSE:01812) » Definitions » Inventory Turnover

Traded in Other Exchanges

SCD1:Germany 200488:China 000488:China

Address

No. 2199 Nongsheng East Road, Shandong Province, Shouguang, CHN, 262705

Website

http://www.chenmingpaper.com

Shandong Chenming Paper Holdings Ltd is a paper making company. The company's product mix consists of printing paper, packaging paper, office paper, industrial paper and household paper, and various other types of paper mixes. Maximum revenue is derived from the sale of its paper products. The company's segments are Machine-made paper, Financial services, Hotels and property, and other segments. Geographically, it derives a majority of revenue from Mainland China.

Executives

Shou Guang Chen Ming Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Chen Ming Kong Gu Xiang Gang You Xian Gong Si	2101 Beneficial owner

Shandong Chenming Paper Holdings (HKSE:01812) Headlines

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