China Jicheng Holdings (HKSE:01027) Inventory Turnover : 1.28 (As of Dec. 2024)

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What is China Jicheng Holdings 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. China Jicheng Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$164.6 Mil. China Jicheng Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$128.9 Mil. China Jicheng Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Jicheng Holdings's Days Inventory for the six months ended in Dec. 2024 was 142.98.

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 Jicheng Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.73.

China Jicheng Holdings Inventory Turnover Historical Data

The historical data trend for China Jicheng Holdings'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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China Jicheng Holdings Inventory Turnover Chart

China Jicheng Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.17

1.47

2.34

2.18

2.54

China Jicheng Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.17	1.12	1.06	1.52	1.28

China Jicheng Holdings Inventory Turnover Calculation

China Jicheng Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	344.414	/ (	(126.185	+	144.828)	/	2 )
=	344.414	/	135.5065
=	2.54

China Jicheng Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	164.55	/ (	(113.01	+	144.828)	/	2 )
=	164.55	/	128.919
=	1.28

China Jicheng Holdings (HKSE:01027) 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.

China Jicheng Holdings's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	128.919	/	164.55	*	365 / 2
	=	142.98

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.

China Jicheng Holdings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	128.919	/	177.612
	=	0.73

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.

China Jicheng Holdings Inventory Turnover Related Terms

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China Jicheng Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Jicheng Holdings Ltd (HKSE:01027) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yonghe Industrial Section, Yonghe Town, Fujian Province, Jinjiang, CHN

Website

http://www.china-jicheng.cn

China Jicheng Holdings Ltd is an umbrella and parts manufacturing company. It manufactures and sells POE umbrellas, nylon umbrellas and umbrella parts such as plastic cloth and shaft. It exports its POE umbrellas, nylon umbrellas and umbrella parts to markets such as Japan, Hong Kong, Republic of Korea, Taiwan, Spain, and Cambodia. The company generates the majority of revenues from Japan.

Executives

Jicheng Investment Limited	2101 Beneficial owner
Chen Jieyou	2202 Interest of your spouse
Huang Wenji	2201 Interest of corporation controlled by you

China Jicheng Holdings Headlines

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