Yifeng Pharmacy Chain Co (SHSE:603939) Inventory Turnover : 0.96 (As of Mar. 2024)

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What is Yifeng Pharmacy Chain 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. Yifeng Pharmacy Chain Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,628 Mil. Yifeng Pharmacy Chain Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,773 Mil. Yifeng Pharmacy Chain Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yifeng Pharmacy Chain Co's Days Inventory for the three months ended in Mar. 2024 was 94.91.

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. Yifeng Pharmacy Chain Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.63.

Yifeng Pharmacy Chain Co Inventory Turnover Historical Data

The historical data trend for Yifeng Pharmacy Chain 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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Yifeng Pharmacy Chain Co Inventory Turnover Chart

Yifeng Pharmacy Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.84

4.08

3.51

3.61

3.76

Yifeng Pharmacy Chain 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															0.89	0.91	0.89	1.20	0.96

Yifeng Pharmacy Chain Co Inventory Turnover Calculation

Yifeng Pharmacy Chain 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 )
=	13957.598	/ (	(3614.549	+	3807.964)	/	2 )
=	13957.598	/	3711.2565
=	3.76

Yifeng Pharmacy Chain 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 )
=	3627.585	/ (	(3807.964	+	3738.258)	/	2 )
=	3627.585	/	3773.111
=	0.96

Yifeng Pharmacy Chain Co (SHSE:603939) 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.

Yifeng Pharmacy Chain 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
	=	3773.111	/	3627.585	*	365 / 4
	=	94.91

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.

Yifeng Pharmacy Chain 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 )
	=	3773.111	/	5970.923
	=	0.63

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.

Yifeng Pharmacy Chain Co Inventory Turnover Related Terms

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Yifeng Pharmacy Chain Co (SHSE:603939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Yifeng Pharmacy Chain Co Ltd (SHSE:603939) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 68 Yifeng Medicine Park, Hunan Lugu High-tech Zone, Jinzhou Road, Changsha, CHN, 410000

Website

https://www.yfdyf.cn

Yifeng Pharmacy Chain Co Ltd operates as a chain of retail stores that specialize in pharmaceutical and over-the-counter remedies and personal care products in China. Its products include pharmaceuticals, medical equipment, health products, health food, personal care products also maternal and child products. Its stores offer various drugs; gynecological medicines; pediatric medicines: male medicines; contact lenses; Chinese products; nutrition and instruments; and personal care products.

Executives

Xiao Zai Xiang	senior management
Tian Wei	senior management
Wang Fei	senior management
Deng Jian Qin	senior management
Wang Yong Hui	senior management
Fan Wei	senior management
Zhang Jia	senior management
Gao You Cheng	Directors, senior managers
Gao Yi	Directors, senior managers
Zhang En Bo	Supervisors

Yifeng Pharmacy Chain Co (SHSE:603939) Headlines

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