Fujian Qingshan Paper Industry Co (SHSE:600103) Inventory Turnover : 1.04 (As of Mar. 2024)

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What is Fujian Qingshan Paper Industry 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. Fujian Qingshan Paper Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥565 Mil. Fujian Qingshan Paper Industry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥541 Mil. Fujian Qingshan Paper Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fujian Qingshan Paper Industry Co's Days Inventory for the three months ended in Mar. 2024 was 87.44.

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. Fujian Qingshan Paper Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.

Fujian Qingshan Paper Industry Co Inventory Turnover Historical Data

The historical data trend for Fujian Qingshan Paper Industry 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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Fujian Qingshan Paper Industry Co Inventory Turnover Chart

Fujian Qingshan Paper Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.03

3.15

4.02

3.89

3.93

Fujian Qingshan Paper Industry Co 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															0.95	0.98	0.86	1.25	1.04

Fujian Qingshan Paper Industry Co Inventory Turnover Calculation

Fujian Qingshan Paper Industry 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 )
=	2218.516	/ (	(599.133	+	530.728)	/	2 )
=	2218.516	/	564.9305
=	3.93

Fujian Qingshan Paper Industry 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 )
=	564.587	/ (	(530.728	+	551.359)	/	2 )
=	564.587	/	541.0435
=	1.04

Fujian Qingshan Paper Industry Co (SHSE:600103) 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.

Fujian Qingshan Paper Industry 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
	=	541.0435	/	564.587	*	365 / 4
	=	87.44

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.

Fujian Qingshan Paper Industry 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 )
	=	541.0435	/	666.846
	=	0.81

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.

Fujian Qingshan Paper Industry Co Inventory Turnover Related Terms

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Fujian Qingshan Paper Industry Co (SHSE:600103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Fujian Qingshan Paper Industry Co Ltd (SHSE:600103) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Junzhu Road, Mawei Economic and Technology Development Zone, Fuzhou, Fujian, CHN, 365506

Website

http://www.qingshanpaper.com

Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.

Executives

Yu Zong Yuan	Directors, senior managers
Lin Xiao He	Director
Pan Qi Xing	senior management
Ye Yu	Director
Yu Jian Ming	senior management
Liang Ming Fu	senior management
Lin Yan Rong	Director
Liu Jie	Director
Zhou Mu Sheng	senior management
Huang Feng Shi	senior management
Wu Bing Wen	senior management

Fujian Qingshan Paper Industry Co (SHSE:600103) Headlines

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