COFCO Joycome Foods (HKSE:01610) Inventory Turnover : 1.92 (As of Dec. 2023)

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What is COFCO Joycome Foods 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. COFCO Joycome Foods's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$5,609 Mil. COFCO Joycome Foods's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2,916 Mil. COFCO Joycome Foods's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. COFCO Joycome Foods's Days Inventory for the six months ended in Dec. 2023 was 94.88.

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. COFCO Joycome Foods's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.

COFCO Joycome Foods Inventory Turnover Historical Data

The historical data trend for COFCO Joycome Foods'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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COFCO Joycome Foods Inventory Turnover Chart

COFCO Joycome Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.55

3.83

2.82

3.85

3.14

COFCO Joycome Foods Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial														1.33	1.92	2.11	1.52	1.92

COFCO Joycome Foods Inventory Turnover Calculation

COFCO Joycome Foods'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 )
=	11313.737	/ (	(4437.733	+	2772.614)	/	2 )
=	11313.737	/	3605.1735
=	3.14

COFCO Joycome Foods'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 )
=	5609.416	/ (	(3059.954	+	2772.614)	/	2 )
=	5609.416	/	2916.284
=	1.92

COFCO Joycome Foods (HKSE:01610) 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.

COFCO Joycome Foods'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
	=	2916.284	/	5609.416	*	365 / 2
	=	94.88

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.

COFCO Joycome Foods'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 )
	=	2916.284	/	6289.132
	=	0.46

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.

COFCO Joycome Foods Inventory Turnover Related Terms

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COFCO Joycome Foods (HKSE:01610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » COFCO Joycome Foods Ltd (HKSE:01610) » Definitions » Inventory Turnover

Traded in Other Exchanges

0M7:Germany

Address

No.8, Chao Yang Men South Street, COFCO Fortune Plaza, Chao Yang District, Beijing, CHN

Website

https://www.cofcojoycome.com

COFCO Joycome Foods Ltd is engaged in the feed production, hog production, slaughtering and cutting, production, distribution and sale of fresh pork and processed meat products, import and distribution of meat products (including pork, beef, poultry and mutton). Its segments include Hog production segment represents hog breeding and sales of hogs; Fresh pork segment represents slaughtering, wholesale and retail sales of fresh and frozen meats; Processed meat products segment represents manufacture, wholesale and retail sales of processed meat products; and Meat import segment represents sales of imported meat products. Geographically it derives revenue from Mainland China.

Executives

Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Cofco (hong Kong) Limited
Cofco Corporation

COFCO Joycome Foods (HKSE:01610) Headlines

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