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Fujian Aonong Biological Technology Grouporp (SHSE:603363) Inventory-to-Revenue : 0.48 (As of Mar. 2024)


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What is Fujian Aonong Biological Technology Grouporp Inventory-to-Revenue?

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. Fujian Aonong Biological Technology Grouporp's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,160 Mil. Fujian Aonong Biological Technology Grouporp's Revenue for the three months ended in Mar. 2024 was ¥2,408 Mil. Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.45) to Dec. 2023 (0.48)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fujian Aonong Biological Technology Grouporp's Days Inventory for the three months ended in Mar. 2024 was 43.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fujian Aonong Biological Technology Grouporp's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.11.


Fujian Aonong Biological Technology Grouporp Inventory-to-Revenue Historical Data

The historical data trend for Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue 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.

Fujian Aonong Biological Technology Grouporp Inventory-to-Revenue Chart

Fujian Aonong Biological Technology Grouporp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.10 0.12 0.14 0.12

Fujian Aonong Biological Technology Grouporp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.60 0.53 0.45 0.48

Competitive Comparison of Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue

For the Farm Products subindustry, Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue falls into.



Fujian Aonong Biological Technology Grouporp Inventory-to-Revenue Calculation

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.

Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (3288.7 + 1328.135) / 2 ) / 19457.641
=2308.4175 / 19457.641
=0.12

Fujian Aonong Biological Technology Grouporp's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (1328.135 + 992.625) / 2 ) / 2407.845
=1160.38 / 2407.845
=0.48

* 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.


Fujian Aonong Biological Technology Grouporp  (SHSE:603363) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Fujian Aonong Biological Technology Grouporp'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
=1160.38/2451.542*365 / 4
=43.19

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Fujian Aonong Biological Technology Grouporp's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=2451.542 / 1160.38
=2.11

* 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.


Fujian Aonong Biological Technology Grouporp Inventory-to-Revenue Related Terms

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Fujian Aonong Biological Technology Grouporp (SHSE:603363) Business Description

Traded in Other Exchanges
N/A
Address
Guanyinshan Operation Center, 12th Floor, Building 10, Siming District, Fujian Province, Xiamen, CHN, 361008
Fujian Aonong Biological Technology Group Incorp Ltd is an agricultural and animal husbandry enterprise in China. The principal business activities of the company include feed-oriented service, animal protection, pig raising, and raw material trade. In addition, the company's insurance business mainly relies on the feed marketing system throughout the country to provide downstream farmers with relevant products for disease prevention and control.
Executives
Wu You Lin Directors, senior managers
Huang Hua Dong Director
Wen Qing Qi Supervisors
Huang Zu Yao Director
Lai Jun senior management
Ye Jun Biao Director
Yang Jing Quan senior management
Ding Neng Shui Director
Luo Zuo Ming senior management
Hong Yuan Xiang senior management
Guo Si Hu senior management
Wu Jun Director
Huang Ze Sen senior management
Hou Hao Feng senior management
Li Hai Feng senior management

Fujian Aonong Biological Technology Grouporp (SHSE:603363) Headlines

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