Chanson International Holding (Chanson International Holding) Inventory Turnover : 7.11 (As of Dec. 2023)

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What is Chanson International Holding 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. Chanson International Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was $4.63 Mil. Chanson International Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.65 Mil. Chanson International Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chanson International Holding's Days Inventory for the six months ended in Dec. 2023 was 25.68.

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. Chanson International Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Chanson International Holding Inventory Turnover Historical Data

The historical data trend for Chanson International Holding'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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Chanson International Holding Inventory Turnover Chart

Chanson International Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.62

12.60

15.58

11.74

12.84

Chanson International Holding Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						8.16	8.11	4.43	7.04	7.11

Chanson International Holding Inventory Turnover Calculation

Chanson International Holding'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 )
=	9.106	/ (	(0.694	+	0.724)	/	2 )
=	9.106	/	0.709
=	12.84

Chanson International Holding'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4.626	/ (	(0.578	+	0.724)	/	2 )
=	4.626	/	0.651
=	7.11

Chanson International Holding (NAS:CHSN) 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.

Chanson International Holding's Days Inventory for the six 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
	=	0.651	/	4.626	*	365 / 2
	=	25.68

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.

Chanson International Holding'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 )
	=	0.651	/	8.441
	=	0.08

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.

Chanson International Holding Inventory Turnover Related Terms

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Chanson International Holding (Chanson International Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chanson International Holding (NAS:CHSN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Culture Road, Tianshan District, Urumqi, Xinjiang, CHN

Website

https://www.chanson-international.com

Chanson International Holding manufactures and sells a wide selection of bakery products, seasonal products, and beverage products; some of these stores also offer eat-in services. It focuses to make healthy, nutritious, and ready-to-eat food through advanced facilities and industry research and to create a comfortable, yet distinguishable store environment in which customers can enjoy their products.

Chanson International Holding (Chanson International Holding) Headlines

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