Chenguang Biotech Group Co (SZSE:300138) Inventory Turnover : 0.50 (As of Mar. 2024)

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What is Chenguang Biotech Group 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. Chenguang Biotech Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,590 Mil. Chenguang Biotech Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,163 Mil. Chenguang Biotech Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chenguang Biotech Group Co's Days Inventory for the three months ended in Mar. 2024 was 181.53.

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. Chenguang Biotech Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.83.

Chenguang Biotech Group Co Inventory Turnover Historical Data

The historical data trend for Chenguang Biotech Group 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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Chenguang Biotech Group Co Inventory Turnover Chart

Chenguang Biotech Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.57

1.76

2.07

2.54

2.32

Chenguang Biotech Group 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															0.70	0.78	0.84	0.68	0.50

Chenguang Biotech Group Co Inventory Turnover Calculation

Chenguang Biotech Group 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 )
=	6073.599	/ (	(2033.381	+	3198.436)	/	2 )
=	6073.599	/	2615.9085
=	2.32

Chenguang Biotech Group 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 )
=	1590.135	/ (	(3198.436	+	3128.292)	/	2 )
=	1590.135	/	3163.364
=	0.50

Chenguang Biotech Group Co (SZSE:300138) 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.

Chenguang Biotech Group 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
	=	3163.364	/	1590.135	*	365 / 4
	=	181.53

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.

Chenguang Biotech Group 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 )
	=	3163.364	/	1732.327
	=	1.83

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.

Chenguang Biotech Group Co Inventory Turnover Related Terms

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Chenguang Biotech Group Co (SZSE:300138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chenguang Biotech Group Co Ltd (SZSE:300138) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Number 1 Chenguang Road, Hebei Province, Quzhou, CHN, 057250

Website

http://www.cn-cg.com

Chenguang Biotech Group Co Ltd is engaged in the processing of agricultural products and herb extracts in China. Its products include natural colors, including paprika oleoresin, marigold oleoresin, curcumin, red rice red, red cabbage, and red beet; and natural spice extracts and essential oils, such as capsicum oleoresin, zanthoxylum oil and oleoresin, black pepper oil and oleoresin, ginger oil and oleoresin, turmeric oil, star anise oil and oleoresin, cumin oil and oleoresin, garlic oil and oleoresin, and common fennel oil and oleoresin.

Executives

Li Feng Fei	Executives
Zhou Jing	Directors, Directors, and Executives
Li Yue Zhai	Director
Lian Yun He	Executives
Chen Yun Xia	Executives
Zhao Tao	Supervisors
Yuan Xin Ying	Supervisors
Liu Zhang Lin	Independent director
Lu Qing Guo	Directors, executives
Zhou Fang Sheng	Independent director
Wang Shu Hong	Independent director
Liu Ying Shan	Director
Han Wen Jie	Executives
Liu Dong Ming	Supervisors
Yang Wen Fang	Supervisors

Chenguang Biotech Group Co (SZSE:300138) Headlines

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