Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Inventory Turnover : 0.63 (As of Mar. 2024)

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What is Jiangsu Shuangxing Color Plastic 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. Jiangsu Shuangxing Color Plastic New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,364 Mil. Jiangsu Shuangxing Color Plastic New Materials Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,167 Mil. Jiangsu Shuangxing Color Plastic New Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Shuangxing Color Plastic New Materials Co's Days Inventory for the three months ended in Mar. 2024 was 145.04.

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. Jiangsu Shuangxing Color Plastic New Materials Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.57.

Jiangsu Shuangxing Color Plastic New Materials Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Shuangxing Color Plastic 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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Jiangsu Shuangxing Color Plastic New Materials Co Inventory Turnover Chart

Jiangsu Shuangxing Color Plastic New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.92

3.27

2.91

2.71

2.43

Jiangsu Shuangxing Color Plastic 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															0.58	0.51	0.61	0.67	0.63

Jiangsu Shuangxing Color Plastic New Materials Co Inventory Turnover Calculation

Jiangsu Shuangxing Color Plastic 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 )
=	5057.946	/ (	(2062.951	+	2102.14)	/	2 )
=	5057.946	/	2082.5455
=	2.43

Jiangsu Shuangxing Color Plastic 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 )
=	1363.61	/ (	(2102.14	+	2232.59)	/	2 )
=	1363.61	/	2167.365
=	0.63

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) 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.

Jiangsu Shuangxing Color Plastic 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
	=	2167.365	/	1363.61	*	365 / 4
	=	145.04

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.

Jiangsu Shuangxing Color Plastic 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 )
	=	2167.365	/	1381.423
	=	1.57

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.

Jiangsu Shuangxing Color Plastic New Materials Co Inventory Turnover Related Terms

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Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jiangsu Shuangxing Color Plastic New Materials Co Ltd (SZSE:002585) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Jingtou Street, Suqian City, Jiangsu Province, CHN, 223808

Website

http://www.cpp.com.cn

Jiangsu Shuangxing Color Plastic New Materials Co Ltd is engaged in the development and production of plastic packaging materials in China. Its products include Metallized Film, Ployester Film, Hot Stamping Film, Transfer Film, Card Protection Film, Yarn Grade Film, Decorative Film, Laser Film, Thermal Sealable Film and Solar Film. The company distributes its products in domestic and to overseas markets.

Executives

Ding Yan Sen	Executives
Li Ping	Executives
Zou Xue Mei	Directors, executives
Wu Di	Directors, Directors, and Executives
Sun Hua Bin	Executives
Lu Jing Quan	Executives
Ge Lin	Executives
Pan Jian Zhong	Executives
Wu Pei Fu	Directors, executives
Cao Wei	Director
Lu Jing Chao	Executives

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Headlines

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