Levima Advanced Materials (SZSE:003022) Inventory Turnover : 1.89 (As of Mar. 2024)

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What is Levima Advanced Materials 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. Levima Advanced Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,245 Mil. Levima Advanced Materials's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥658 Mil. Levima Advanced Materials's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Levima Advanced Materials's Days Inventory for the three months ended in Mar. 2024 was 48.21.

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. Levima Advanced Materials's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Levima Advanced Materials Inventory Turnover Historical Data

The historical data trend for Levima Advanced Materials'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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Levima Advanced Materials Inventory Turnover Chart

Levima Advanced Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.93

11.61

11.23

10.31

8.65

Levima Advanced Materials 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															1.83	1.81	1.95	2.37	1.89

Levima Advanced Materials Inventory Turnover Calculation

Levima Advanced Materials'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 )
=	5682.354	/ (	(661.688	+	651.557)	/	2 )
=	5682.354	/	656.6225
=	8.65

Levima Advanced Materials'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 )
=	1244.896	/ (	(651.557	+	664.008)	/	2 )
=	1244.896	/	657.7825
=	1.89

Levima Advanced Materials (SZSE:003022) 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.

Levima Advanced Materials'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
	=	657.7825	/	1244.896	*	365 / 4
	=	48.21

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.

Levima Advanced Materials'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 )
	=	657.7825	/	1487.14
	=	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.

Levima Advanced Materials Inventory Turnover Related Terms

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Levima Advanced Materials (SZSE:003022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Levima Advanced Materials Corp (SZSE:003022) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Resident of Mushi Town, Shandong Province (Mushi Industrial Park), Tengzhou, CHN, 277500

Website

http://www.levima.cn

Levima Advanced Materials Corp is a producer and supplier of high-end advanced material products and solutions. Levima advanced material product mainly include Ethylene-vinyl acetate, polypropylene, ethylene oxide and ethylene oxide derivative, which are widely used in photovoltaic, cable, shoe material, plastic, daily chemical, textile, construction, road, bridge, automobile, leather, coating, agricultural chemical, metal processing and other fields.

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