Zhejiang Busen Garments Co (SZSE:002569) Inventory Turnover : 0.61 (As of Mar. 2024)

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What is Zhejiang Busen Garments 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 Busen Garments Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥21.9 Mil. Zhejiang Busen Garments Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥36.1 Mil. Zhejiang Busen Garments Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Busen Garments Co's Days Inventory for the three months ended in Mar. 2024 was 150.58.

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 Busen Garments Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.01.

Zhejiang Busen Garments Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Busen Garments 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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Zhejiang Busen Garments Co Inventory Turnover Chart

Zhejiang Busen Garments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.56

2.06

3.32

1.79

2.36

Zhejiang Busen Garments 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															0.56	0.37	0.45	0.81	0.61

Zhejiang Busen Garments Co Inventory Turnover Calculation

Zhejiang Busen Garments 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 )
=	99.408	/ (	(47.182	+	37.166)	/	2 )
=	99.408	/	42.174
=	2.36

Zhejiang Busen Garments 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 )
=	21.897	/ (	(37.166	+	35.103)	/	2 )
=	21.897	/	36.1345
=	0.61

Zhejiang Busen Garments Co (SZSE:002569) 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 Busen Garments 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
	=	36.1345	/	21.897	*	365 / 4
	=	150.58

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 Busen Garments 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 )
	=	36.1345	/	35.669
	=	1.01

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.

Zhejiang Busen Garments Co Inventory Turnover Related Terms

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Zhejiang Busen Garments Co (SZSE:002569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Busen Garments Co Ltd (SZSE:002569) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

419, Busen Avenue, Fengqiao Town, Zhejiang, Zhuji, CHN, 311811

Website

http://www.busen.cn

Zhejiang Busen Garments Co Ltd is engaged in the business of design, production, and sales of men's clothing. The products of the company include shirts, suits, trousers, jackets, T-shirts, and business wear.

Executives

Wang Gang	Executives
Du Xin	Director
Lu Li Juan	Directors, executives
Bai Liang	Director
Pan Yi	Supervisors
Huang Le Ying	Director
Yuan Jian Jun	Executives
Shou He Lei	Secretary Dong
Zhao Xia Ying	Supervisors
Ye Hong Ying	Supervisors
Chen Neng En	Director
Wang Ling	Director
Chen Jian Guo	Director

Zhejiang Busen Garments Co (SZSE:002569) Headlines

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