Cofco Sugar Holding Co (SHSE:600737) Inventory Turnover : 0.71 (As of Mar. 2024)

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What is Cofco Sugar Holding 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. Cofco Sugar Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7,069 Mil. Cofco Sugar Holding Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥9,995 Mil. Cofco Sugar Holding Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cofco Sugar Holding Co's Days Inventory for the three months ended in Mar. 2024 was 129.03.

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. Cofco Sugar Holding Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.28.

Cofco Sugar Holding Co Inventory Turnover Historical Data

The historical data trend for Cofco Sugar Holding 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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Cofco Sugar Holding Co Inventory Turnover Chart

Cofco Sugar Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.75

3.06

3.23

3.29

3.31

Cofco Sugar Holding 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															0.47	0.74	1.07	0.71	0.71

Cofco Sugar Holding Co Inventory Turnover Calculation

Cofco Sugar Holding 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 )
=	28441.75	/ (	(7511.571	+	9679.245)	/	2 )
=	28441.75	/	8595.408
=	3.31

Cofco Sugar Holding 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 )
=	7068.583	/ (	(9679.245	+	10311.5)	/	2 )
=	7068.583	/	9995.3725
=	0.71

Cofco Sugar Holding Co (SHSE:600737) 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.

Cofco Sugar Holding 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
	=	9995.3725	/	7068.583	*	365 / 4
	=	129.03

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.

Cofco Sugar Holding 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 )
	=	9995.3725	/	7811.512
	=	1.28

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.

Cofco Sugar Holding Co Inventory Turnover Related Terms

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Cofco Sugar Holding Co (SHSE:600737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cofco Sugar Holding Co Ltd (SHSE:600737) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Xinjiang Uygur Autonomous Region, W101, 1st Floor, Building 54, Yutang Village, Daxiqu Town District, Changji Prefecture, Changji, CHN, 830000

Website

http://www.cofcotunhe.com

Cofco Sugar Holding Co Ltd is engaged in sugar business and tomato processing business. The company also takes care of sugar imports, port sugar refining, and sugar storage and logistics. Some of the company's products are raw sugar, white sugar, organic white granulated sugar, refined sugar, brown sugar, molasses, beet ordinary granules, and plus honey granules.

Executives

Li Feng Chun	senior management
Yu Tian Chi	senior management
Yang Hong	senior management

Cofco Sugar Holding Co (SHSE:600737) Headlines

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