Sichuan Y and J Industries Co (BJSE:833943) Inventory Turnover : 1.05 (As of Sep. 2024)

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What is Sichuan Y and J Industries 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. Sichuan Y and J Industries Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥183.0 Mil. Sichuan Y and J Industries Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥175.2 Mil. Sichuan Y and J Industries Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Y and J Industries Co's Days Inventory for the three months ended in Sep. 2024 was 87.32.

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. Sichuan Y and J Industries Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.69.

Sichuan Y and J Industries Co Inventory Turnover Historical Data

The historical data trend for Sichuan Y and J Industries 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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Sichuan Y and J Industries Co Inventory Turnover Chart

Sichuan Y and J Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.71

5.48

7.04

5.71

4.88

Sichuan Y and J Industries Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.00	1.35	0.79	1.03	1.05

Sichuan Y and J Industries Co Inventory Turnover Calculation

Sichuan Y and J Industries 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 )
=	645.418	/ (	(132.291	+	132.354)	/	2 )
=	645.418	/	132.3225
=	4.88

Sichuan Y and J Industries Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	183.044	/ (	(162.813	+	187.491)	/	2 )
=	183.044	/	175.152
=	1.05

Sichuan Y and J Industries Co (BJSE:833943) 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.

Sichuan Y and J Industries Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	175.152	/	183.044	*	365 / 4
	=	87.32

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.

Sichuan Y and J Industries Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	175.152	/	252.106
	=	0.69

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.

Sichuan Y and J Industries Co Inventory Turnover Related Terms

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Sichuan Y and J Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sichuan Y and J Industries Co Ltd (BJSE:833943) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 3, Tianhong Road, High-tech Zone West District, Sichuan Province, Chengdu, CHN, 611731

Website

https://www.ynj-industries.cn

Sichuan Y and J Industries Co Ltd is engaged in research and development, design, manufacture, and sales of customized mechanical equipment and parts. It mainly offers customized mechanical parts and components made by casting and machining processes for a variety of materials, including carbon steel, alloy steel, stainless steel, grey iron, and ductile iron. Utilizing both sand casting and investment casting processes. The firm provides a wide range of products including Valve Parts, Crusher Parts, Mining Equipment Parts, Metallurgical Equipment Parts, Cylinder Parts, and Other Miscellaneous parts.

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