Pengdu Agriculture & Animal Husbandry Co (SZSE:002505) Inventory Turnover : 1.54 (As of Mar. 2024)

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What is Pengdu Agriculture & Animal Husbandry 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. Pengdu Agriculture & Animal Husbandry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,258 Mil. Pengdu Agriculture & Animal Husbandry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,122 Mil. Pengdu Agriculture & Animal Husbandry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pengdu Agriculture & Animal Husbandry Co's Days Inventory for the three months ended in Mar. 2024 was 59.44.

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. Pengdu Agriculture & Animal Husbandry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

Pengdu Agriculture & Animal Husbandry Co Inventory Turnover Historical Data

The historical data trend for Pengdu Agriculture & Animal Husbandry 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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Pengdu Agriculture & Animal Husbandry Co Inventory Turnover Chart

Pengdu Agriculture & Animal Husbandry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.67

8.89

8.39

8.67

7.46

Pengdu Agriculture & Animal Husbandry 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															1.30	1.16	1.05	1.36	1.54

Pengdu Agriculture & Animal Husbandry Co Inventory Turnover Calculation

Pengdu Agriculture & Animal Husbandry 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 )
=	15986.747	/ (	(2419.173	+	1865.507)	/	2 )
=	15986.747	/	2142.34
=	7.46

Pengdu Agriculture & Animal Husbandry 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 )
=	3257.737	/ (	(1865.507	+	2378.324)	/	2 )
=	3257.737	/	2121.9155
=	1.54

Pengdu Agriculture & Animal Husbandry Co (SZSE:002505) 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.

Pengdu Agriculture & Animal Husbandry 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
	=	2121.9155	/	3257.737	*	365 / 4
	=	59.44

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.

Pengdu Agriculture & Animal Husbandry 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 )
	=	2121.9155	/	3560.24
	=	0.60

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.

Pengdu Agriculture & Animal Husbandry Co Inventory Turnover Related Terms

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Pengdu Agriculture & Animal Husbandry Co (SZSE:002505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pengdu Agriculture & Animal Husbandry Co Ltd (SZSE:002505) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Lane 2188, Hongqiao Road, No. 25, Hongqiao Business Villa, Changning District, Shanghai, CHN, 200336

Website

http://www.dkifa.com

Pengdu Agriculture & Animal Husbandry Co Ltd is a global farming and food company. The company operates through various business divisions: grain trade, dairy, food distribution, beef cattle, live pigs. Its business has spread all over China, Brazil, New Zealand, Japan, Myanmar, Laos, and many other countries. In addition, the company has controlled approximately 29 original ecological farms in New Zealand, formed all kinds of dairy products under its own brand Theland.

Executives

Shen Wei Ping	Directors, executives
Zhao Wei Mao	Director
Wang Zhang Quan	Director
Yan Dong Ming	Director
Chen Li Ming	Director
Shu Jun	Executives
Yan Fang	Directors, executives
Tian Meng Jun	Supervisors
Ma Geng	Executives
Xiang Qi Zhi	Director
Xia Zheng Qi	Directors, executives
Shu Yue	Directors, executives
Wang Bin	Executives

Pengdu Agriculture & Animal Husbandry Co (SZSE:002505) Headlines

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