Chen Ke Ming Food Manufacturing Co (SZSE:002661) Inventory Turnover : 2.15 (As of Mar. 2024)

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What is Chen Ke Ming Food Manufacturing 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. Chen Ke Ming Food Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,074 Mil. Chen Ke Ming Food Manufacturing Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥499 Mil. Chen Ke Ming Food Manufacturing Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chen Ke Ming Food Manufacturing Co's Days Inventory for the three months ended in Mar. 2024 was 42.38.

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. Chen Ke Ming Food Manufacturing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.38.

Chen Ke Ming Food Manufacturing Co Inventory Turnover Historical Data

The historical data trend for Chen Ke Ming Food Manufacturing 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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Chen Ke Ming Food Manufacturing Co Inventory Turnover Chart

Chen Ke Ming Food Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.97

6.73

6.39

6.20

5.42

Chen Ke Ming Food Manufacturing 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															1.31	1.35	1.35	1.52	2.15

Chen Ke Ming Food Manufacturing Co Inventory Turnover Calculation

Chen Ke Ming Food Manufacturing 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 )
=	4538.96	/ (	(1093.897	+	581.504)	/	2 )
=	4538.96	/	837.7005
=	5.42

Chen Ke Ming Food Manufacturing 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 )
=	1073.897	/ (	(581.504	+	415.919)	/	2 )
=	1073.897	/	498.7115
=	2.15

Chen Ke Ming Food Manufacturing Co (SZSE:002661) 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.

Chen Ke Ming Food Manufacturing 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
	=	498.7115	/	1073.897	*	365 / 4
	=	42.38

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.

Chen Ke Ming Food Manufacturing 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 )
	=	498.7115	/	1296.791
	=	0.38

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.

Chen Ke Ming Food Manufacturing Co Inventory Turnover Related Terms

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Chen Ke Ming Food Manufacturing Co (SZSE:002661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chen Ke Ming Food Manufacturing Co Ltd (SZSE:002661) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 28, Zhenhua Road, Environmental Protection Technology Industrial Park, Yuhua District, Hunan Province, Changsha, CHN, 410116

Website

http://www.kemen.net.cn

Chen Ke Ming Food Manufacturing Co Ltd is a food manufacturing company in China. It is engaged in the research and development, production, and sale of middle and high-grade fine dried noodles. Its noodles are categories into six series - nutrition, power, high-gluten, gift, children, and other series. The company distributes its products under the brand name CKM.

Executives

Chen Hong	Directors, executives
Chen Yan	Secretary, Director
Yang Bo	Executives
Zhang Bo Dong	Executives
Zhang Xiao	Executives
Li Rui	Executives
Duan Ju Xiang	Director
Zhang Jun Hui	Executives
Chen Ke Zhong	Director
Yang Li Juan	Supervisors
Zhang Mu Lin	Independent director
Li Qing Long	Independent director
Chen Ke Ming	Director
Chen Hui	Director
Wang Yong	Secretary, Director

Chen Ke Ming Food Manufacturing Co (SZSE:002661) Headlines

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