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Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Inventory Turnover : 0.19 (As of Mar. 2024)


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What is Zhejiang Guyuelongshan Shaoxing Wine 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. Zhejiang Guyuelongshan Shaoxing Wine Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥360 Mil. Zhejiang Guyuelongshan Shaoxing Wine Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,945 Mil. Zhejiang Guyuelongshan Shaoxing Wine Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Guyuelongshan Shaoxing Wine Co's Days Inventory for the three months ended in Mar. 2024 was 492.94.

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. Zhejiang Guyuelongshan Shaoxing Wine Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.43.


Zhejiang Guyuelongshan Shaoxing Wine Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Guyuelongshan Shaoxing Wine 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.

Zhejiang Guyuelongshan Shaoxing Wine Co Inventory Turnover Chart

Zhejiang Guyuelongshan Shaoxing Wine Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.43 0.49 0.49 0.54

Zhejiang Guyuelongshan Shaoxing Wine 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 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 0.15 0.08 0.11 0.19 0.19

Zhejiang Guyuelongshan Shaoxing Wine Co Inventory Turnover Calculation

Zhejiang Guyuelongshan Shaoxing Wine 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 )
=1113.386 / ((2134.799 + 2003.35) / 2 )
=1113.386 / 2069.0745
=0.54

Zhejiang Guyuelongshan Shaoxing Wine 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 )
=359.967 / ((2003.35 + 1885.83) / 2 )
=359.967 / 1944.59
=0.19

* 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.


Zhejiang Guyuelongshan Shaoxing Wine Co  (SHSE:600059) 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.

Zhejiang Guyuelongshan Shaoxing Wine 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
=1944.59/359.967*365 / 4
=492.94

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.

Zhejiang Guyuelongshan Shaoxing Wine 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 )
=1944.59 / 567.227
=3.43

* 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.


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.


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Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Business Description

Traded in Other Exchanges
N/A
Address
Beihai Bridge, Shaoxing, Zhejiang, CHN, 312000
Zhejiang Guyuelongshan Shaoxing Wine Co Ltd is a China-based company engaged in the production and distribution of Chinese rice wine. Its main products consist of raw Chinese rice wine, bottled Chinese rice wine and a relatively small amount of fruit wine and distilled spirit. The company owns a range of brands including Gu Yue Long Shan, Nv Er Hong, Champion Red, Shen Yonghe as well as Jian Hu, among others.
Executives
Yang Wen Long Supervisors
Hu Zhi Ming senior management
Liu Jian senior management
Wan Long senior management
Liu Hong Lin Supervisors
Wang Ling Ling Director
Xu Dong Liang Director
Meng Zhong Fa Supervisors
Fu Bao Wei Director
Dong Yong Jiu Director
Sun Yong Gen Supervisors
He Feng Director

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