Rong Fa Nuclear Equipment Co (SZSE:002366) Inventory Turnover : 0.11 (As of Mar. 2024)

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What is Rong Fa Nuclear Equipment 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. Rong Fa Nuclear Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥105.6 Mil. Rong Fa Nuclear Equipment Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥919.0 Mil. Rong Fa Nuclear Equipment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rong Fa Nuclear Equipment Co's Days Inventory for the three months ended in Mar. 2024 was 794.29.

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. Rong Fa Nuclear Equipment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 6.63.

Rong Fa Nuclear Equipment Co Inventory Turnover Historical Data

The historical data trend for Rong Fa Nuclear Equipment 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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Rong Fa Nuclear Equipment Co Inventory Turnover Chart

Rong Fa Nuclear Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.46

0.99

0.83

1.08

0.86

Rong Fa Nuclear Equipment 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															0.14	0.20	0.19	0.23	0.11

Rong Fa Nuclear Equipment Co Inventory Turnover Calculation

Rong Fa Nuclear Equipment 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 )
=	581.876	/ (	(490.522	+	861.45)	/	2 )
=	581.876	/	675.986
=	0.86

Rong Fa Nuclear Equipment 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 )
=	105.578	/ (	(861.45	+	976.561)	/	2 )
=	105.578	/	919.0055
=	0.11

Rong Fa Nuclear Equipment Co (SZSE:002366) 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.

Rong Fa Nuclear Equipment 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
	=	919.0055	/	105.578	*	365 / 4
	=	794.29

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.

Rong Fa Nuclear Equipment 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 )
	=	919.0055	/	138.659
	=	6.63

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.

Rong Fa Nuclear Equipment Co Inventory Turnover Related Terms

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Rong Fa Nuclear Equipment Co (SZSE:002366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rong Fa Nuclear Equipment Co Ltd (SZSE:002366) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Heilong Town, Danfu Industrial Park, Qingshen County, Sichuan, CHN, 620461

Website

http://www.scdanfu.cn

Rong Fa Nuclear Equipment Co Ltd, formerly Taihai Manoir Nuclear Equipment Co Ltd is engaged in the manufacturing and sales of nuclear power equipment, nuclear waste after treatment system equipment, petrochemical equipment, and offshore equipment. The company designs, manufactures, sells, installs, and provides after-sales service of complete sets of equipment; purchase and sale of cobalt and nickel alloy concentrates; other high-end equipment and materials sales.

Executives

Wang Xue Xin	Director
Hao Guang Zheng	Director
Jiang Ming Jie	Directors, executives
Wang Sheng Yi	Executives
Xin Jun	Director
Wang Xin	Supervisors
Li Zheng Jun	Executives
Liu Zhi Ying	Executives
Luo Zhi Zhong	Directors, executives
Xiang Bing	Supervisors
Zhu Xue Qian	Director
Zhou Zheng Hong	Directors, executives
Chen De Quan	Director
Hu Yong Dong	Supervisors
Ma Jun	Director

Rong Fa Nuclear Equipment Co (SZSE:002366) Headlines

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