Sunresin New Materials Co Xi'an (SZSE:300487) Inventory Turnover : 0.30 (As of Mar. 2024)

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What is Sunresin New Materials Co Xi'an 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. Sunresin New Materials Co Xi'an's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥344 Mil. Sunresin New Materials Co Xi'an's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,130 Mil. Sunresin New Materials Co Xi'an's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sunresin New Materials Co Xi'an's Days Inventory for the three months ended in Mar. 2024 was 299.51.

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. Sunresin New Materials Co Xi'an's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.79.

Sunresin New Materials Co Xi'an Inventory Turnover Historical Data

The historical data trend for Sunresin New Materials Co Xi'an'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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Sunresin New Materials Co Xi'an Inventory Turnover Chart

Sunresin New Materials Co Xi'an Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.83

1.52

1.65

1.50

1.24

Sunresin New Materials Co Xi'an 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															0.27	0.25	0.25	0.40	0.30

Sunresin New Materials Co Xi'an Inventory Turnover Calculation

Sunresin New Materials Co Xi'an'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 )
=	1277.626	/ (	(962.717	+	1100.064)	/	2 )
=	1277.626	/	1031.3905
=	1.24

Sunresin New Materials Co Xi'an'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 )
=	344.366	/ (	(1100.064	+	1160.599)	/	2 )
=	344.366	/	1130.3315
=	0.30

Sunresin New Materials Co Xi'an (SZSE:300487) 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.

Sunresin New Materials Co Xi'an'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
	=	1130.3315	/	344.366	*	365 / 4
	=	299.51

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.

Sunresin New Materials Co Xi'an'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 )
	=	1130.3315	/	630.918
	=	1.79

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.

Sunresin New Materials Co Xi'an Inventory Turnover Related Terms

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Sunresin New Materials Co Xi'an (SZSE:300487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sunresin New Materials Co Ltd Xi'an (SZSE:300487) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 135, Jinye Road, Xi'an High-tech Development Zone, Sunresin Park, Shaanxi, CHN, 710076

Website

http://www.sunresin.com

Sunresin New Materials Co Ltd Xi'an is engaged in the research and development, manufacture, and sale of adsorption and separation polymeric resins and equipment. The company products are used in food and beverage purification, pharmaceuticals, herbal extracts, enzyme immobilization, chromatography media, membrane caustic soda, solid phase synthesis, biodiesel purification, hydrometallurgy, mining, precious metal recycling, aquarium treatment, and others.

Executives

An Yuan	Directors, executives
Li Sui Dang	Director
Li Yan Jun	Supervisors
Fan Wen Min	Supervisors
Wei Wei Jun	Directors, executives
Kou Xiao Kang	Directors, executives
Gao Yue Jing	Director
Zhang Cheng	Directors, executives
Yang Ya Ling	Supervisors
Wang Ri Sheng	Supervisors
Xu Shu E	Supervisors
Guan Li Min	Directors, executives
Su Bi Wu	Supervisors
Tian Xiao Jun	Directors, executives

Sunresin New Materials Co Xi'an (SZSE:300487) Headlines

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