Sino Grandness Food Industry Group (FRA:JSO1) Inventory Turnover: 0.00 (As of Dec. 2023)

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What is Sino Grandness Food Industry Group Inventory Turnover?

Sino Grandness Food Industry Group FRA:JSO1 Inventory Turnover is 0.00 as of Dec. 2023.

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. Sino Grandness Food Industry Group's Cost of Goods Sold for the three months ended in Dec. 2023 was €0.0 Mil. Sino Grandness Food Industry Group's Average Total Inventories for the quarter that ended in Dec. 2023 was €1.9 Mil. Sino Grandness Food Industry Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

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

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.

Sino Grandness Food Industry Group  (FRA:JSO1) 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.

Sino Grandness Food Industry Group'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
=1.858/0*365 / 4
=

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.

Sino Grandness Food Industry Group'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 )
=1.858 / 0
=

* 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.

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.

Sino Grandness Food Industry Group Inventory Turnover Related Terms

Sino Grandness Food Industry Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Sino Grandness Food Industry Group'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.

Sino Grandness Food Industry Group Inventory Turnover Chart

Sino Grandness Food Industry Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.35 174.35 76.27 52.05 74.34

Sino Grandness Food Industry Group Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.61 6.84 8.78 13.27 0.00

Sino Grandness Food Industry Group Inventory Turnover Calculation

Sino Grandness Food Industry Group'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 )
=138.129 / ((2.368 + 1.348) / 2 )
=138.129 / 1.858
=74.34

Sino Grandness Food Industry Group'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: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count )
=0 / ((2.368 + 1.348) / 2 )
=0 / 1.858
=0.00

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.00 mean?
Sino Grandness Food Industry Group (FRA:JSO1) has a Inventory Turnover of 0.00 as of Dec. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Sino Grandness Food Industry Group and its competitors.
Is Sino Grandness Food Industry Group's Inventory Turnover too high?
Sino Grandness Food Industry Group's current Inventory Turnover is 0.00.
How does Sino Grandness Food Industry Group's Inventory Turnover compare to KHC and GIS?
Sino Grandness Food Industry Group's Inventory Turnover of 0.00 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Consumer Packaged Goods company?
A good Inventory Turnover depends on the Consumer Packaged Goods industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Sino Grandness Food Industry Group and its competitors. Sino Grandness Food Industry Group's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Grandness Food Industry Group stock overvalued right now?
Sino Grandness Food Industry Group (FRA:JSO1) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Sino Grandness Food Industry Group (FRA:JSO1), the current Inventory Turnover is 0.00 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sino Grandness Food Industry Group Business Description

Address No. 1 Gaoxin South 7th Road, Unit 2302, Yuemeite Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518063
Sino Grandness Food Industry Group Ltd is an investment holding company. Its operating segments include the Grandness segment includes the Manufacturing and sale of canned vegetables and canned fruits and the Garden Fresh segment includes sales of fruit juices and Fruit beverages. It generates maximum revenue from the Garden Fresh segment of Fruit beverages. Geographically, it derives a majority of its revenue from the People's Republic of China and also has a presence in Europe, North America, South America, and Other Countries. Some of its products include mandarin orange, litchi, pear, pineapple, yellow peach, Loquat juice, and others.