Jardine Cycle & Carriage (Jardine Cycle & Carriage) Inventory Turnover : 3.36 (As of Dec. 2023)

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What is Jardine Cycle & Carriage 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. Jardine Cycle & Carriage's Cost of Goods Sold for the six months ended in Dec. 2023 was $8,051 Mil. Jardine Cycle & Carriage's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,399 Mil. Jardine Cycle & Carriage's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jardine Cycle & Carriage's Days Inventory for the six months ended in Dec. 2023 was 54.37.

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. Jardine Cycle & Carriage's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Jardine Cycle & Carriage Inventory Turnover Historical Data

The historical data trend for Jardine Cycle & Carriage'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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Jardine Cycle & Carriage Inventory Turnover Chart

Jardine Cycle & Carriage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.48

6.46

9.76

9.10

7.27

Jardine Cycle & Carriage Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															5.34	5.06	4.33	4.22	3.36

Jardine Cycle & Carriage Inventory Turnover Calculation

Jardine Cycle & Carriage'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 )
=	17185.4	/ (	(2130.2	+	2599.4)	/	2 )
=	17185.4	/	2364.8
=	7.27

Jardine Cycle & Carriage's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	8050.6	/ (	(2197.6	+	2599.4)	/	2 )
=	8050.6	/	2398.5
=	3.36

Jardine Cycle & Carriage (OTCPK:JCYGY) 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.

Jardine Cycle & Carriage's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2398.5	/	8050.6	*	365 / 2
	=	54.37

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.

Jardine Cycle & Carriage's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2398.5	/	10548.9
	=	0.23

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.

Jardine Cycle & Carriage Inventory Turnover Related Terms

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Jardine Cycle & Carriage (Jardine Cycle & Carriage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jardine Cycle & Carriage Ltd (OTCPK:JCYGY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

JCYCF:USA C07:Singapore CYC:Germany

Address

239 Alexandra Road, Singapore, SGP, 159930

Website

https://www.jcclgroup.com

Jardine Cycle & Carriage Ltd is a conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. The company operates through three segments: Astra, direct motor interests, and other interests. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia. Direct motor interests include automotive operations in Singapore, Malaysia, Myanmar, Indonesia, and Vietnam. The Other Strategic interests segment includes Southeast Asia investments in Siam City Cement and Refrigeration Electrical Engineering Corporation.

Jardine Cycle & Carriage (Jardine Cycle & Carriage) Headlines

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Third Avenue Comments on Jardine Cycle & Carriage

By Sydnee Gatewood Sydnee Gatewood • 04-22-2021