Xiamen Anne (SZSE:002235) Inventory Turnover : 1.58 (As of Mar. 2024)

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What is Xiamen Anne 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. Xiamen Anne's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥55.6 Mil. Xiamen Anne's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥35.2 Mil. Xiamen Anne's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiamen Anne's Days Inventory for the three months ended in Mar. 2024 was 57.85.

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. Xiamen Anne's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Xiamen Anne Inventory Turnover Historical Data

The historical data trend for Xiamen Anne'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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Xiamen Anne Inventory Turnover Chart

Xiamen Anne Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.62

6.01

6.99

7.93

9.26

Xiamen Anne 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															1.95	2.26	2.34	2.18	1.58

Xiamen Anne Inventory Turnover Calculation

Xiamen Anne'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 )
=	302.298	/ (	(27.927	+	37.372)	/	2 )
=	302.298	/	32.6495
=	9.26

Xiamen Anne'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 )
=	55.605	/ (	(37.372	+	33.127)	/	2 )
=	55.605	/	35.2495
=	1.58

Xiamen Anne (SZSE:002235) 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.

Xiamen Anne'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
	=	35.2495	/	55.605	*	365 / 4
	=	57.85

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.

Xiamen Anne'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 )
	=	35.2495	/	70.09
	=	0.50

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.

Xiamen Anne Inventory Turnover Related Terms

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Xiamen Anne (SZSE:002235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Xiamen Anne Corp Ltd (SZSE:002235) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 99 Jinyuan South Road, Xinlin, Jimei District, Fujian, Xiamen, CHN, 361022

Website

http://www.anne.com.cn

Xiamen Anne Corp Ltd is a China-based company focused on the research and development, production, distribution and integrated application and services. Its businesses include digital rights services, digital marketing services, business information paper products marketing services, and lottery marketing services. The company specializes in offering online digital rights application services. Its product, Digital Copyright Service Platform for Digital Rights, as long as 3 minutes, utilizes innovative intelligent AI and blockchain reinforcement technology to provide digital rights services based on the DCI digital copyright protection system.

Executives

Liu Xiao Hai	Independent director
Zhang Jie	Directors, executives
Yang Chao	Directors, executives
Huang Yi Nian	Supervisors
Xie Rong	Supervisors, securities affairs representatives
Dai Si Hong	Supervisors
Ye Quan Qing	Directors, executives
Xu Zhi Qiang	Executives
Lin Xu Xi	Director
Huang Qing Hua	Directors, executives
Wang Mei Ying	Executives
Guo Yong Fang	Independent director
Zhang Hui	Directors, executives
Yang Qin Tao	Executives
Zhou Zhen Guo	Supervisors

Xiamen Anne (SZSE:002235) Headlines

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