What is Asian Star Anchor Chain Co Inventory-to-Revenue?
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. Asian Star Anchor Chain Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥952 Mil. Asian Star Anchor Chain Co's Revenue for the
three
months ended in Mar. 2024 was ¥449 Mil.
Asian Star Anchor Chain Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.12.
Asian Star Anchor Chain Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (2.34) to Dec. 2023 (2.12)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Asian Star Anchor Chain Co's Days Inventory for the
three
months ended in Mar. 2024 was 266.51.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Asian Star Anchor Chain Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.
Asian Star Anchor Chain Co Inventory-to-Revenue Historical Data
* 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.
Asian Star Anchor Chain Co Inventory-to-Revenue Chart
Competitive Comparison of Asian Star Anchor Chain Co's Inventory-to-Revenue
For the Industrial Distribution subindustry, Asian Star Anchor Chain Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Asian Star Anchor Chain Co's Inventory-to-Revenue Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Asian Star Anchor Chain Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Asian Star Anchor Chain Co's Inventory-to-Revenue falls into.
Asian Star Anchor Chain Co Inventory-to-Revenue Calculation
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.
Asian Star Anchor Chain Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Asian Star Anchor Chain Co (SHSE:601890) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Asian Star Anchor Chain Co's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Asian Star Anchor Chain Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Asian Star Anchor Chain Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Asian Star Anchor Chain Co (SHSE:601890) Business Description
Asian Star Anchor Chain Co Ltd is engaged in the production and distribution of marine anchor chains and marine mooring chains. It mainly provides marine anchor chains and ocean platform mooring chains, as well as related parts and components. The company also offers accessories comprising Kenter Shackle, Joining Shackle, Swivel, End Shackle and Other fittings.
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