Shede Spirits Co (SHSE:600702) Inventory Turnover : 0.12 (As of Mar. 2024)

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What is Shede Spirits 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. Shede Spirits Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥544 Mil. Shede Spirits Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥4,489 Mil. Shede Spirits Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shede Spirits Co's Days Inventory for the three months ended in Mar. 2024 was 752.82.

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. Shede Spirits Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.13.

Shede Spirits Co Inventory Turnover Historical Data

The historical data trend for Shede Spirits 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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Shede Spirits Co Inventory Turnover Chart

Shede Spirits Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.26

0.41

0.42

0.45

Shede Spirits 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															0.12	0.11	0.10	0.12	0.12

Shede Spirits Co Inventory Turnover Calculation

Shede Spirits 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 )
=	1805.53	/ (	(3582.903	+	4423.804)	/	2 )
=	1805.53	/	4003.3535
=	0.45

Shede Spirits 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 )
=	544.076	/ (	(4423.804	+	4553.579)	/	2 )
=	544.076	/	4488.6915
=	0.12

Shede Spirits Co (SHSE:600702) 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.

Shede Spirits 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
	=	4488.6915	/	544.076	*	365 / 4
	=	752.82

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.

Shede Spirits 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 )
	=	4488.6915	/	2105.432
	=	2.13

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.

Shede Spirits Co Inventory Turnover Related Terms

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Shede Spirits Co (SHSE:600702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Shede Spirits Co Ltd (SHSE:600702) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 999, Tuopai Avenue, Tuopai Town, Shehong County, Sichuan Province, Suining, CHN, 629209

Website

http://www.tuopaishede.cn

Shede Spirits Co Ltd manufactures liquor products. The company produces high-end liquor, low-end liquor, mid-end liquor, and other products. Shede Spirits markets its products throughout China.

Executives

Pu Ji Zhou	Director
Zhang Shu Ping	Director
Yu Dong	Director
Deng Yong Hong	Director
Liu Li	Director
Li Fu Quan	Director
Li Qiang	Director
Ceng Jia Bin	Director
Guo Jian Ya	Director
Wu Jian	Director
Li Jia Min	senior management
Ma Yong	Supervisors
Li Jia Shun	Director

Shede Spirits Co (SHSE:600702) Headlines

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