Jinpan International (Jinpan International) Inventory Turnover : 0.80 (As of Sep. 2015)

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What is Jinpan International 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. Jinpan International's Cost of Goods Sold for the three months ended in Sep. 2015 was $51.4 Mil. Jinpan International's Average Total Inventories for the quarter that ended in Sep. 2015 was $63.9 Mil. Jinpan International's Inventory Turnover for the quarter that ended in Sep. 2015 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinpan International's Days Inventory for the three months ended in Sep. 2015 was 113.36.

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. Jinpan International's Inventory-to-Revenue for the quarter that ended in Sep. 2015 was 0.88.

Jinpan International Inventory Turnover Historical Data

The historical data trend for Jinpan International'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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Jinpan International Inventory Turnover Chart

Jinpan International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Inventory Turnover

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3.23

4.29

4.32

4.92

3.93

Jinpan International Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Inventory Turnover	Get a 7-Day Free Trial															0.92	1.04	0.81	0.94	0.80

Jinpan International Inventory Turnover Calculation

Jinpan International's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	163.381	/ (	(33.742	+	49.44)	/	2 )
=	163.381	/	41.591
=	3.93

Jinpan International's Inventory Turnover for the quarter that ended in Sep. 2015 is calculated as

	Inventory Turnover (Q: Sep. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2015 )	/ (	(Total Inventories (Q: Jun. 2015 )	+	Total Inventories (Q: Sep. 2015 ))	/	count )
=	51.402	/ (	(64.405	+	63.31)	/	2 )
=	51.402	/	63.8575
=	0.80

Jinpan International (NAS:JST) 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.

Jinpan International's Days Inventory for the three months ended in Sep. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2015 )	/	Cost of Goods Sold (Q: Sep. 2015 )	*	Days in Period
	=	63.8575	/	51.402	*	365 / 4
	=	113.36

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.

Jinpan International's Inventory to Revenue for the quarter that ended in Sep. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2015 )	/	Revenue (Q: Sep. 2015 )
	=	63.8575	/	72.651
	=	0.88

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.

Jinpan International Inventory Turnover Related Terms

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Jinpan International (Jinpan International) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jinpan International Ltd (NAS:JST) » Definitions » Inventory Turnover

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Address

Website

http://www.jst.com.cn

Jinpan International Ltd was incorporated in the British Virgin Islands on April 3, 1997 under the International Business Companies Act of the British Virgin Islands. The Company design, manufacture and sells electrical power control and distribution equipment that are used in commercial, industrial, and infrastructural applications. Its product lines include cast resin transformers, VPI transformers, VPI line reactors, switchgears and unit substations. Its manufactures low and medium voltage switchgear products under license from Schneider. It also manufactures switchgears, Vacuum Pressure Impregnated (VPI) reactors and transformers, and unit substations. The Company offers switchgear products for general power distribution and for specialized infrastructural and industrial applications. The two main categories of dry type transformers that currently dominate the market are cast resin and open ventilated dry type transformers. Cast resin dry type transformers are predominant in Europe, Japan, and newly developed markets in Asia, including China. Open ventilated dry type transformers are widely used in North America. The Company manufactures medium and low voltage switchgear products for the China market. They use sheet metal to manufacture switchgear enclosures, coat the enclosure, and assemble switchgears using components from brand name suppliers such as Siemens and Schneider. The Company owns the rights to the trademark 'JST,' which is registered with the Trademark Bureau of the State Administration of Industry and Commerce in China.

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