China Resourcesnjiu Medical & Pharmaceutical Co (SZSE:000999) Inventory-to-Revenue : 0.69 (As of Mar. 2024)

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What is China Resourcesnjiu Medical & Pharmaceutical 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. China Resourcesnjiu Medical & Pharmaceutical Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥5,047 Mil. China Resourcesnjiu Medical & Pharmaceutical Co's Revenue for the three months ended in Mar. 2024 was ¥7,294 Mil. China Resourcesnjiu Medical & Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

China Resourcesnjiu Medical & Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Dec. 2023 (0.82) to Dec. 2023 (0.69)

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. China Resourcesnjiu Medical & Pharmaceutical Co's Days Inventory for the three months ended in Mar. 2024 was 135.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Resourcesnjiu Medical & Pharmaceutical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.67.

China Resourcesnjiu Medical & Pharmaceutical Co Inventory-to-Revenue Historical Data

The historical data trend for China Resourcesnjiu Medical & Pharmaceutical Co's Inventory-to-Revenue 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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China Resourcesnjiu Medical & Pharmaceutical Co Inventory-to-Revenue Chart

China Resourcesnjiu Medical & Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.10

0.12

0.13

0.14

0.15

China Resourcesnjiu Medical & Pharmaceutical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory-to-Revenue	Get a 7-Day Free Trial															0.54	0.66	0.87	0.82	0.69

Competitive Comparison of China Resourcesnjiu Medical & Pharmaceutical Co's Inventory-to-Revenue

For the Drug Manufacturers - Specialty & Generic subindustry, China Resourcesnjiu Medical & Pharmaceutical 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.

China Resourcesnjiu Medical & Pharmaceutical Co's Inventory-to-Revenue Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, China Resourcesnjiu Medical & Pharmaceutical Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where China Resourcesnjiu Medical & Pharmaceutical Co's Inventory-to-Revenue falls into.

China Resourcesnjiu Medical & Pharmaceutical Co Inventory-to-Revenue Calculation

China Resourcesnjiu Medical & Pharmaceutical Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (2498.869	+	5112.496)	/	2 )	/	24738.963
=	3805.6825					/	24738.963
=	0.15

China Resourcesnjiu Medical & Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

	Inventory-to-Revenue (Q: Mar. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Revenue (Q: Mar. 2024 )
=	( (5112.496	+	4981.631)	/	2 )	/	7294.071
=	5047.0635					/	7294.071
=	0.69

China Resourcesnjiu Medical & Pharmaceutical Co (SZSE:000999) 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:

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

China Resourcesnjiu Medical & Pharmaceutical 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
	=	5047.0635	/	3397.532	*	365 / 4
	=	135.55

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

China Resourcesnjiu Medical & Pharmaceutical Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	3397.532	/	5047.0635
	=	0.67

China Resourcesnjiu Medical & Pharmaceutical Co Inventory-to-Revenue Related Terms

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China Resourcesnjiu Medical & Pharmaceutical Co (SZSE:000999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » China Resources Sanjiu Medical & Pharmaceutical Co Ltd (SZSE:000999) » Definitions » Inventory-to-Revenue

Traded in Other Exchanges

N/A

Address

High-Tech Park, Lake Street Mission Hills, Longhua District, Shenzhen, CHN, 518110

Website

http://www.999.com.cn

China Resources Sanjiu Medical & Pharmaceutical Co Ltd is a China-based pharmaceutical company. It is engaged in the research and development, production and sale of pharmaceutical products, healthcare products, and medical appliances under the brand name 999, which includes OTC, antibiotic and raw material drug. The other brands under which the company offers its products are Lee King, Shunfeng, and Tianhe. The company's core business is located in OTC and Chinese medicine prescription drugs, OTC core products in the cold, gastrointestinal, skin, pediatric, cough and orthopedic drugs occupy a higher market share; prescription drug products in traditional Chinese medicine formula granules, cardiovascular and cerebrovascular, anti-tumor in the field of anti-infection and other areas.

China Resourcesnjiu Medical & Pharmaceutical Co (SZSE:000999) Headlines

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