ABA Chemicals (SZSE:300261) Inventory Turnover : 0.31 (As of Mar. 2024)

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What is ABA Chemicals 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. ABA Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥184 Mil. ABA Chemicals's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥601 Mil. ABA Chemicals's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ABA Chemicals's Days Inventory for the three months ended in Mar. 2024 was 298.85.

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. ABA Chemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.73.

ABA Chemicals Inventory Turnover Historical Data

The historical data trend for ABA Chemicals'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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ABA Chemicals Inventory Turnover Chart

ABA Chemicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.80

4.21

3.92

3.16

1.80

ABA Chemicals 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															0.69	0.48	0.30	0.43	0.31

ABA Chemicals Inventory Turnover Calculation

ABA Chemicals'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 )
=	978.749	/ (	(498.373	+	587.282)	/	2 )
=	978.749	/	542.8275
=	1.80

ABA Chemicals'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 )
=	183.546	/ (	(587.282	+	614.977)	/	2 )
=	183.546	/	601.1295
=	0.31

ABA Chemicals (SZSE:300261) 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.

ABA Chemicals'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
	=	601.1295	/	183.546	*	365 / 4
	=	298.85

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.

ABA Chemicals'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 )
	=	601.1295	/	219.942
	=	2.73

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.

ABA Chemicals Inventory Turnover Related Terms

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ABA Chemicals (SZSE:300261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ABA Chemicals Corp (SZSE:300261) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 18 Dongfang East Road, Port Development Zone, Taicang Port, Petrochemical District, Jiangsu Province, Shanghai, CHN, 215433

Website

http://www.abachem.com

ABA Chemicals Corp is a Chinese company integrating research and development, production and sales in the field of life sciences. It is principally engaged in the production of advanced intermediates, active pharmaceutical ingredients (APIs), and pesticide products. Some of the products offered by the company are Acridine, Snail, Fluorourea, Pentanoyl chloride, Fondaparinux, and Levetiracetam.

Executives

Han Xue	Supervisors
Huang Liang	Supervisors
Ma Li Fan	Directors, executives
Cai Tong	Directors, executives
Mao Hai Feng	Directors, executives
Wang Zhuo Ying	Directors, Directors, and Executives
Han Jie	Supervisors
Liu Zhi Hui	Supervisors
Yang Ji Dong	Supervisors
Zhu Pei Fang	Securities Affairs Representative
Li Hang	Supervisors
Li Yuan Xing	Executives
	Executives
Qin Dong Guang	Executives
Wang Sheng Hong	Director

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