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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Inventory Turnover : 0.65 (As of Mar. 2024)


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What is Asia-Potash International Investment (Guangzhou) 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. Asia-Potash International Investment (Guangzhou) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥297 Mil. Asia-Potash International Investment (Guangzhou) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥456 Mil. Asia-Potash International Investment (Guangzhou) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia-Potash International Investment (Guangzhou) Co's Days Inventory for the three months ended in Mar. 2024 was 140.01.

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. Asia-Potash International Investment (Guangzhou) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.

Asia-Potash International Investment (Guangzhou) Co Inventory Turnover Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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.

* Premium members only.

Asia-Potash International Investment (Guangzhou) Co Inventory Turnover Chart

Asia-Potash International Investment (Guangzhou) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.78 2.96 3.88 7.14 5.31

Asia-Potash International Investment (Guangzhou) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.33 1.96 1.42 1.24 0.65

Asia-Potash International Investment (Guangzhou) Co Inventory Turnover Calculation

Asia-Potash International Investment (Guangzhou) 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 )
=1609.113 / ((188.924 + 417.06) / 2 )
=1609.113 / 302.992
=5.31

Asia-Potash International Investment (Guangzhou) 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 )
=297.099 / ((417.06 + 494.629) / 2 )
=297.099 / 455.8445
=0.65

* 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.

Asia-Potash International Investment (Guangzhou) Co  (SZSE:000893) 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.

Asia-Potash International Investment (Guangzhou) 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
=455.8445/297.099*365 / 4
=140.01

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.

Asia-Potash International Investment (Guangzhou) 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 )
=455.8445 / 633.276
=0.72

* 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.

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.

Asia-Potash International Investment (Guangzhou) Co Inventory Turnover Related Terms

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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Asia-Potash International Investment (Guangzhou) Co Ltd (SZSE:000893) » Definitions » Inventory Turnover
Comparable Companies
SZSE:000902 SZSE:301035 SZSE:000553 SZSE:000422 SHSE:603599 SHSE:600596 SZSE:002539 SZSE:002004 SHSE:600486 SZSE:002215 CTVA TSX:NTR CF SAU:2020 SZSE:000792 MOS MIC:PHOR OSL:YAR FMC NSE:PIIND
Traded in Other Exchanges
N/A
Address
No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330
Website
http://www.dongling.cn
Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.
Executives
Chen Xue Ping Executives
Yu Long Executives
Lai Ning Chang Director
Li Chao Bo Supervisors
Jiang Yi Director
Xu Ji Ping Director
Ma Kai Directors, executives
Hou Xun Tian Director
Tian Yan Directors, executives
Xu Jian Fei Executives
Shi Ge Yan Executives
Rao Zhi Long Directors, executives
Liu Jie Executives

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Headlines

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