Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Inventory Turnover : 1.60 (As of Mar. 2024)

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What is Anhui Wanwei Updated High-Tech Material Industry 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. Anhui Wanwei Updated High-Tech Material Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,564 Mil. Anhui Wanwei Updated High-Tech Material Industry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥975 Mil. Anhui Wanwei Updated High-Tech Material Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anhui Wanwei Updated High-Tech Material Industry Co's Days Inventory for the three months ended in Mar. 2024 was 56.92.

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. Anhui Wanwei Updated High-Tech Material Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.54.

Anhui Wanwei Updated High-Tech Material Industry Co Inventory Turnover Historical Data

The historical data trend for Anhui Wanwei Updated High-Tech Material Industry 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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Anhui Wanwei Updated High-Tech Material Industry Co Inventory Turnover Chart

Anhui Wanwei Updated High-Tech Material Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.43

10.35

8.15

7.96

8.07

Anhui Wanwei Updated High-Tech Material Industry 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															2.08	1.89	1.62	1.35	1.60

Anhui Wanwei Updated High-Tech Material Industry Co Inventory Turnover Calculation

Anhui Wanwei Updated High-Tech Material Industry 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 )
=	7213.025	/ (	(888.343	+	898.205)	/	2 )
=	7213.025	/	893.274
=	8.07

Anhui Wanwei Updated High-Tech Material Industry 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 )
=	1563.619	/ (	(898.205	+	1052.476)	/	2 )
=	1563.619	/	975.3405
=	1.60

Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) 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.

Anhui Wanwei Updated High-Tech Material Industry 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
	=	975.3405	/	1563.619	*	365 / 4
	=	56.92

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.

Anhui Wanwei Updated High-Tech Material Industry 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 )
	=	975.3405	/	1796.624
	=	0.54

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.

Anhui Wanwei Updated High-Tech Material Industry Co Inventory Turnover Related Terms

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Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Wanwei Updated High-Tech Material Industry Co Ltd (SHSE:600063) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 56 Chao Wei Road, Chaohu, Anhui, CHN, 238002

Website

http://www.wwgf.com.cn

Anhui Wanwei Updated High-Tech Material Industry Co Ltd is a China-based company engaged in the development, production, and sales of polyvinyl alcohol and related products. Its main products include PVA, cement, PVA ultrashort fiber, slices, Vinyl Acetateethylene Emulsion (VAE) emulsion, rubber powder, methyl acetate and vinyl acetate, among others. The company distributes its products within domestic market and to overseas markets.

Executives

Gao Shen Bao	Director
Xu Shou Qing	senior management
Wu Shang Yi	Director
Zhang Zheng He	Director
Gao Shen Bao	Director
Wu Fu Sheng	Director
Wu Lin	Director
Sha Jian Bao	senior management
Li Tai	senior management
Ji Xue Yong	Director
Sheng Wei Lin	Director
Tang Hua Zhang	Director
Xu Ju Sheng	Supervisors
Qian Dao Zhang	Supervisors
Yang Ke Zhong	Director

Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Headlines

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