Ningbo Bohui Chemical Technology Co (SZSE:300839) Inventory Turnover : 1.31 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Ningbo Bohui Chemical Technology 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. Ningbo Bohui Chemical Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥785 Mil. Ningbo Bohui Chemical Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥601 Mil. Ningbo Bohui Chemical Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningbo Bohui Chemical Technology Co's Days Inventory for the three months ended in Mar. 2024 was 69.90.

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. Ningbo Bohui Chemical Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.76.

Ningbo Bohui Chemical Technology Co Inventory Turnover Historical Data

The historical data trend for Ningbo Bohui Chemical Technology 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.

* Premium members only.

Ningbo Bohui Chemical Technology Co Inventory Turnover Chart

Ningbo Bohui Chemical Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

7.57

6.31

8.57

8.66

6.87

Ningbo Bohui Chemical Technology 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															0.78	1.03	1.04	1.56	1.31

Ningbo Bohui Chemical Technology Co Inventory Turnover Calculation

Ningbo Bohui Chemical Technology 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 )
=	2533.207	/ (	(392.561	+	344.738)	/	2 )
=	2533.207	/	368.6495
=	6.87

Ningbo Bohui Chemical Technology 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 )
=	785.094	/ (	(344.738	+	858.065)	/	2 )
=	785.094	/	601.4015
=	1.31

Ningbo Bohui Chemical Technology Co (SZSE:300839) 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.

Ningbo Bohui Chemical Technology 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
	=	601.4015	/	785.094	*	365 / 4
	=	69.90

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.

Ningbo Bohui Chemical Technology 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 )
	=	601.4015	/	792.538
	=	0.76

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.

Ningbo Bohui Chemical Technology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Ningbo Bohui Chemical Technology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ningbo Bohui Chemical Technology Co (SZSE:300839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ningbo Bohui Chemical Technology Co Ltd (SZSE:300839) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.199 Taixing Road, Petrochemical Economic and Technological Development Zone, Zhejiang Province, Ningbo, CHN, 315207

Website

http://www.bhpcc.com

Ningbo Bohui Chemical Technology Co Ltd is engaged in research, development, production and sales of heavy aromatic hydrocarbon series products and light fuel oil. The company uses extraction technology and uses fuel oil as a raw material for deep processing, extending the industrial chain, increasing the added value of fuel oil, and turning it into waste. It produces and sells aromatic hydrocarbon series products such as rubber additives, plastic additives, asphalt additives, lubricant additives, and light fuel oil. Its application scope of products mainly covers the fields of rubber processing, asphalt processing and lubricating oil processing.

Ningbo Bohui Chemical Technology Co (SZSE:300839) Headlines

No Headlines