Yihai Kerry Arawana Holdings Co (SZSE:300999) Inventory Turnover : 1.41 (As of Dec. 2023)

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What is Yihai Kerry Arawana Holdings 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. Yihai Kerry Arawana Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥59,779 Mil. Yihai Kerry Arawana Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥42,288 Mil. Yihai Kerry Arawana Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yihai Kerry Arawana Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 64.55.

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. Yihai Kerry Arawana Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.67.

Yihai Kerry Arawana Holdings Co Inventory Turnover Historical Data

The historical data trend for Yihai Kerry Arawana Holdings 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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Yihai Kerry Arawana Holdings Co Inventory Turnover Chart

Yihai Kerry Arawana Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.22

4.64

4.77

4.86

4.76

Yihai Kerry Arawana Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.47	1.16	1.25	1.65	1.41

Yihai Kerry Arawana Holdings Co Inventory Turnover Calculation

Yihai Kerry Arawana Holdings 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 )
=	239366.189	/ (	(53065.896	+	47588.792)	/	2 )
=	239366.189	/	50327.344
=	4.76

Yihai Kerry Arawana Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	59778.64	/ (	(36987.214	+	47588.792)	/	2 )
=	59778.64	/	42288.003
=	1.41

Yihai Kerry Arawana Holdings Co (SZSE:300999) 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.

Yihai Kerry Arawana Holdings Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	42288.003	/	59778.64	*	365 / 4
	=	64.55

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.

Yihai Kerry Arawana Holdings Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	42288.003	/	63001.497
	=	0.67

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.

Yihai Kerry Arawana Holdings Co Inventory Turnover Related Terms

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Yihai Kerry Arawana Holdings Co (SZSE:300999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yihai Kerry Arawana Holdings Co Ltd (SZSE:300999) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

15th Floor, 1379 Bocheng Road, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 200126

Website

https://www.yihaikerry.net.cn

Yihai Kerry Arawana Holdings Co Ltd is engaged in research and development, production and sales of kitchen food, feed ingredients and oil technology products. The company is involved in oilseed pressing, edible oil refining, special oils, oil technology, corn deep processing, wheat deep processing, soybean deep processing, rice circular economy, food raw materials, grain and oil technology research and development and other industries. Its products cover small-packaged edible oil, rice, flour, dried noodles, rice noodles, soy milk, special grains and oils for catering, food raw materials, oil technology and many other fields. Its brands are Golden Dragon Fish, Ou Li Wei Lan, Orchid Flower, Fragrant Garden, Haihuang, Feng Yuan, Golden Flavor, Ruilong and Jie Jin 100.

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