China Man-Made Fiber (TPE:1718) Inventory Turnover : 1.95 (As of Mar. 2024)

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What is China Man-Made Fiber 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. China Man-Made Fiber's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,365 Mil. China Man-Made Fiber's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$1,216 Mil. China Man-Made Fiber's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Man-Made Fiber's Days Inventory for the three months ended in Mar. 2024 was 46.91.

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. China Man-Made Fiber's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

China Man-Made Fiber Inventory Turnover Historical Data

The historical data trend for China Man-Made Fiber'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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China Man-Made Fiber Inventory Turnover Chart

China Man-Made Fiber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.70

9.49

10.78

8.31

7.30

China Man-Made Fiber 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															2.07	2.27	2.42	1.96	1.95

China Man-Made Fiber Inventory Turnover Calculation

China Man-Made Fiber'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 )
=	11948.602	/ (	(1824.464	+	1449.599)	/	2 )
=	11948.602	/	1637.0315
=	7.30

China Man-Made Fiber'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 )
=	2365.287	/ (	(1449.599	+	982.508)	/	2 )
=	2365.287	/	1216.0535
=	1.95

China Man-Made Fiber (TPE:1718) 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.

China Man-Made Fiber'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
	=	1216.0535	/	2365.287	*	365 / 4
	=	46.91

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.

China Man-Made Fiber'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 )
	=	1216.0535	/	9275.837
	=	0.13

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.

China Man-Made Fiber Inventory Turnover Related Terms

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China Man-Made Fiber (TPE:1718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Man-Made Fiber Corp (TPE:1718) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinsheng S. Road, 10-11th Floor, No. 50, Sector 1, Taipei City, TWN, 100

Website

https://www.cmfc.com.tw

China Man-Made Fiber Corp makes and sells chemicals and fiber products, including polyester yarn and filament, and rayon yarn and fiber, which are used to make apparel, footwear, and industrial cloth. The company's chemical portfolio includes ethylene glycol, ethylene oxide, and nonylphenol, which are used to make antifreeze and engine coolants for the automobile industry. The chemicals are also used in snow and ice removal as well as explosives for the mining industry.

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