Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) Inventory Turnover : 1.02 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Cnnc Hua Yuan Titanium Dioxide 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. Cnnc Hua Yuan Titanium Dioxide Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,189 Mil. Cnnc Hua Yuan Titanium Dioxide Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,165 Mil. Cnnc Hua Yuan Titanium Dioxide Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cnnc Hua Yuan Titanium Dioxide Co's Days Inventory for the three months ended in Mar. 2024 was 89.43.

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. Cnnc Hua Yuan Titanium Dioxide Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.

Cnnc Hua Yuan Titanium Dioxide Co Inventory Turnover Historical Data

The historical data trend for Cnnc Hua Yuan Titanium Dioxide 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.

Cnnc Hua Yuan Titanium Dioxide Co Inventory Turnover Chart

Cnnc Hua Yuan Titanium Dioxide Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.95

5.72

6.02

5.83

4.56

Cnnc Hua Yuan Titanium Dioxide 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															1.49	1.05	1.55	1.23	1.02

Cnnc Hua Yuan Titanium Dioxide Co Inventory Turnover Calculation

Cnnc Hua Yuan Titanium Dioxide 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 )
=	4065.421	/ (	(776.856	+	1005.831)	/	2 )
=	4065.421	/	891.3435
=	4.56

Cnnc Hua Yuan Titanium Dioxide 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 )
=	1188.713	/ (	(1005.831	+	1324.201)	/	2 )
=	1188.713	/	1165.016
=	1.02

Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) 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.

Cnnc Hua Yuan Titanium Dioxide 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
	=	1165.016	/	1188.713	*	365 / 4
	=	89.43

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.

Cnnc Hua Yuan Titanium Dioxide 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 )
	=	1165.016	/	1442.006
	=	0.81

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.

Cnnc Hua Yuan Titanium Dioxide Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Cnnc Hua Yuan Titanium Dioxide Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cnnc Hua Yuan Titanium Dioxide Co Ltd (SZSE:002145) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Number 8 Xingfu Road, Zhangjing Industrial Park, Xibei Town, Xishan District, Jiangsu Province, Wuxi, CHN, 214194

Website

http://www.sinotio2.com

Cnnc Hua Yuan Titanium Dioxide Co Ltd engages in the production, marketing, and service of titanium dioxide powder in China and internationally. Its products are used in the coating, printing ink, décor paper/laminate, and plastic industries.

Executives

Shen Xin	Director
Han Yu Chen	Secretary, Director
Yuan Qiu Li	Directors, executives
Hu Yue Han	Director
Mei Ke Chun	Directors, executives
Fan Xi Cheng	Director
Qiu Bei	Directors, executives
You Cui Chun	Directors, executives
Hu Jian Long	Director
Li Jian Feng	Directors, executives
Chen Fu Qiang	Director
Wang Xiong Ya	Supervisors
Jian Fu Ren	Supervisors
Xin Cheng Xiang	Supervisors

Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) Headlines

No Headlines