Fujian Aonong Biological Technology Grouporp (SHSE:603363) Inventory Turnover : 2.11 (As of Mar. 2024)

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What is Fujian Aonong Biological Technology Grouporp 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. Fujian Aonong Biological Technology Grouporp's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,452 Mil. 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 Inventory Turnover for the quarter that ended in Mar. 2024 was 2.11.

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-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 quarter that ended in Mar. 2024 was 0.48.

Fujian Aonong Biological Technology Grouporp Inventory Turnover Historical Data

The historical data trend for Fujian Aonong Biological Technology Grouporp'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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Fujian Aonong Biological Technology Grouporp Inventory Turnover Chart

Fujian Aonong Biological Technology Grouporp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.78

8.18

8.23

7.03

8.83

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 Turnover	Get a 7-Day Free Trial															1.39	1.74	1.96	2.52	2.11

Fujian Aonong Biological Technology Grouporp Inventory Turnover Calculation

Fujian Aonong Biological Technology Grouporp'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 )
=	20379.78	/ (	(3288.7	+	1328.135)	/	2 )
=	20379.78	/	2308.4175
=	8.83

Fujian Aonong Biological Technology Grouporp'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 )
=	2451.542	/ (	(1328.135	+	992.625)	/	2 )
=	2451.542	/	1160.38
=	2.11

Fujian Aonong Biological Technology Grouporp (SHSE:603363) 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.

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-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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1160.38	/	2407.845
	=	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.

Fujian Aonong Biological Technology Grouporp Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Fujian Aonong Biological Technology Grouporp's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujian Aonong Biological Technology Group Incorp Ltd (SHSE:603363) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Guanyinshan Operation Center, 12th Floor, Building 10, Siming District, Fujian Province, Xiamen, CHN, 361008

Website

http://www.aonong.com.cn

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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