Anhui Jiaxian Functional Auxiliary Co (BJSE:430489) Inventory Turnover : 1.80 (As of Mar. 2024)

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What is Anhui Jiaxian Functional Auxiliary 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. Anhui Jiaxian Functional Auxiliary Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥125.5 Mil. Anhui Jiaxian Functional Auxiliary Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥69.7 Mil. Anhui Jiaxian Functional Auxiliary Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anhui Jiaxian Functional Auxiliary Co's Days Inventory for the three months ended in Mar. 2024 was 50.70.

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. Anhui Jiaxian Functional Auxiliary Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Anhui Jiaxian Functional Auxiliary Co Inventory Turnover Historical Data

The historical data trend for Anhui Jiaxian Functional Auxiliary 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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Anhui Jiaxian Functional Auxiliary Co Inventory Turnover Chart

Anhui Jiaxian Functional Auxiliary Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.27

7.19

11.35

9.56

7.51

Anhui Jiaxian Functional Auxiliary 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															1.66	1.55	1.59	1.98	1.80

Anhui Jiaxian Functional Auxiliary Co Inventory Turnover Calculation

Anhui Jiaxian Functional Auxiliary 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 )
=	459.149	/ (	(54.86	+	67.362)	/	2 )
=	459.149	/	61.111
=	7.51

Anhui Jiaxian Functional Auxiliary 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 )
=	125.489	/ (	(67.362	+	72.09)	/	2 )
=	125.489	/	69.726
=	1.80

Anhui Jiaxian Functional Auxiliary Co (BJSE:430489) 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.

Anhui Jiaxian Functional Auxiliary 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
	=	69.726	/	125.489	*	365 / 4
	=	50.70

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.

Anhui Jiaxian Functional Auxiliary 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 )
	=	69.726	/	146.737
	=	0.48

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.

Anhui Jiaxian Functional Auxiliary Co Inventory Turnover Related Terms

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Anhui Jiaxian Functional Auxiliary Co (BJSE:430489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Jiaxian Functional Auxiliary Co Ltd (BJSE:430489) » Definitions » Inventory Turnover

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Address

No. 280, Yinhu Road, Mohekou Fine Chemical Industry Park, Huaishang District, Anhui Province, Bengbu City, CHN

Website

http://www.jiaxianchem.com

Anhui Jiaxian Functional Auxiliary Co Ltd engages in the production and sales of new environment-friendly and non-toxic PVC auxiliary heat stabilizers. The company's main products include dibenzoyl methane, stearyl benzoyl methane and stearate, which are widely used in various fields of PVC products, such as PVC profiles, PVC pipe fittings, wires and cables, injection molding products, food packaging, medical products, toys.

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