What is Zhejiang Zhenyuan Share Co Inventory-to-Revenue?
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 Zhenyuan Share Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥663 Mil. Zhejiang Zhenyuan Share Co's Revenue for the
three
months ended in Mar. 2024 was ¥1,045 Mil.
Zhejiang Zhenyuan Share Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.63.
Zhejiang Zhenyuan Share Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (0.71) to Dec. 2023 (0.63)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zhejiang Zhenyuan Share Co's Days Inventory for the
three
months ended in Mar. 2024 was 70.70.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zhejiang Zhenyuan Share Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.29.
Zhejiang Zhenyuan Share Co Inventory-to-Revenue Historical Data
* 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.
* Premium members only.
Zhejiang Zhenyuan Share Co Inventory-to-Revenue Chart
Competitive Comparison of Zhejiang Zhenyuan Share Co's Inventory-to-Revenue
For the Drug Manufacturers - General subindustry, Zhejiang Zhenyuan Share Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Zhejiang Zhenyuan Share Co's Inventory-to-Revenue Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Zhejiang Zhenyuan Share Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Zhejiang Zhenyuan Share Co's Inventory-to-Revenue falls into.
Zhejiang Zhenyuan Share Co Inventory-to-Revenue Calculation
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 Zhenyuan Share Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Zhejiang Zhenyuan Share Co (SZSE:000705) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zhejiang Zhenyuan Share Co's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Zhejiang Zhenyuan Share Co Inventory-to-Revenue Related Terms
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Zhejiang Zhenyuan Share Co (SZSE:000705) Business Description
Zhejiang Zhenyuan Share Co Ltd is a China based pharmaceutical company. It is engaged in the engaged in the production and operation of proprietary Chinese medicines, Chinese herbal medicines, Chinese herbal medicines, chemical preparations, chemical raw materials, biochemical drugs, narcotic drugs, psychotropic drugs, medical devices, chemical reagent and others. Further, the firm's business scope covers the pharmaceutical industry, pharmaceutical business, pharmaceutical logistics and health service industry. It holds presence in both Chinese and international market.
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