Anhui Genuine New Materials Co (SHSE:603429) Inventory Turnover : 1.22 (As of Mar. 2024)

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What is Anhui Genuine New Materials 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. Anhui Genuine New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥101.1 Mil. Anhui Genuine New Materials Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥83.0 Mil. Anhui Genuine New Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anhui Genuine New Materials Co's Days Inventory for the three months ended in Mar. 2024 was 74.95.

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. Anhui Genuine New Materials Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Anhui Genuine New Materials Co Inventory Turnover Historical Data

The historical data trend for Anhui Genuine New Materials 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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Anhui Genuine New Materials Co Inventory Turnover Chart

Anhui Genuine New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.50

2.78

3.42

3.91

3.30

Anhui Genuine New Materials 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															0.72	0.77	0.98	0.85	1.22

Anhui Genuine New Materials Co Inventory Turnover Calculation

Anhui Genuine New Materials 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 )
=	391.078	/ (	(120.374	+	116.726)	/	2 )
=	391.078	/	118.55
=	3.30

Anhui Genuine New Materials 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 )
=	101.052	/ (	(116.726	+	49.267)	/	2 )
=	101.052	/	82.9965
=	1.22

Anhui Genuine New Materials Co (SHSE:603429) 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.

Anhui Genuine New Materials 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
	=	82.9965	/	101.052	*	365 / 4
	=	74.95

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.

Anhui Genuine New Materials 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 )
	=	82.9965	/	187.962
	=	0.44

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.

Anhui Genuine New Materials Co Inventory Turnover Related Terms

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Anhui Genuine New Materials Co (SHSE:603429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Anhui Genuine New Materials Co Ltd (SHSE:603429) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taihu Economic Development Zone, The Taihu lake, Anhui Province, Anqing, CHN, 246400

Website

http://www.genuinepacking.com

Anhui Genuine New Materials Co Ltd is a China-based manufacturer engaged in printing and packaging materials. The products offered by the company are used for cigarette packaging, cosmetics, household appliances, electronic devices, textiles, automotive parts, greeting cards, furniture and other items. Its products include cigarette tipping paper, cigarette sealing paper, and thermal transfer foil. The cigarette tipping paper covers ordinary cigarette tipping paper series, middle-grade cigarette tipping paper series, and top-grade cigarette tipping paper series products. The Cigarette sealing paper product category and Thermal transfer foil product category includes common series and superior series products. The entity has a business presence in China and other countries.

Executives

Xu Shan Shui	Directors, senior managers
Zhao Ji Hui	Supervisors
Yang Jiang Tao	senior management
Liu Li Zheng	Directors, senior managers
Guo Shu Guang	Director
Yang Li Wang	senior management
Jiang Hua	senior management
Wu Zheng Xing	senior management
Sun Zhi Song	Director
Zhou Shao Jun	Director
Yang Er Guo	Director
Yang Ji Hong	senior management
Yan Shu Cheng	Supervisors
Yang Li Xin	Supervisors
Zhang Gong Ping	Supervisors

Anhui Genuine New Materials Co (SHSE:603429) Headlines

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