Guangxi Fenglin Wood Industry Group Co (SHSE:601996) Inventory Turnover : 0.51 (As of Mar. 2024)

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What is Guangxi Fenglin Wood Industry Group 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. Guangxi Fenglin Wood Industry Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥378 Mil. Guangxi Fenglin Wood Industry Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥738 Mil. Guangxi Fenglin Wood Industry Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangxi Fenglin Wood Industry Group Co's Days Inventory for the three months ended in Mar. 2024 was 177.98.

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. Guangxi Fenglin Wood Industry Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.85.

Guangxi Fenglin Wood Industry Group Co Inventory Turnover Historical Data

The historical data trend for Guangxi Fenglin Wood Industry Group 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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Guangxi Fenglin Wood Industry Group Co Inventory Turnover Chart

Guangxi Fenglin Wood Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.84

2.51

3.33

3.19

3.20

Guangxi Fenglin Wood Industry Group 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															0.59	0.86	0.99	0.89	0.51

Guangxi Fenglin Wood Industry Group Co Inventory Turnover Calculation

Guangxi Fenglin Wood Industry Group 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 )
=	2157.453	/ (	(651.397	+	695.061)	/	2 )
=	2157.453	/	673.229
=	3.20

Guangxi Fenglin Wood Industry Group 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 )
=	378.409	/ (	(695.061	+	781.062)	/	2 )
=	378.409	/	738.0615
=	0.51

Guangxi Fenglin Wood Industry Group Co (SHSE:601996) 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.

Guangxi Fenglin Wood Industry Group 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
	=	738.0615	/	378.409	*	365 / 4
	=	177.98

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.

Guangxi Fenglin Wood Industry Group 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 )
	=	738.0615	/	398.644
	=	1.85

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.

Guangxi Fenglin Wood Industry Group Co Inventory Turnover Related Terms

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Guangxi Fenglin Wood Industry Group Co (SHSE:601996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Guangxi Fenglin Wood Industry Group Co Ltd (SHSE:601996) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No 22 Baisha Avenue, Nanning, CHN

Website

http://www.fenglingroup.com

Guangxi Fenglin Wood Industry Group Co Ltd operates in the wood industry. The company is engaged in the manufacturing and distribution of wood material. It offers medium density and high-density fiber boards and particle boards. The company primarily serves furniture, door, flooring, construction and decoration, car, and electronic industries.

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