Shanghai Jin Jiang Capital Co (HKSE:02006) Inventory Turnover : 23.52 (As of Dec. 2021)

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What is Shanghai Jin Jiang Capital 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. Shanghai Jin Jiang Capital Co's Cost of Goods Sold for the six months ended in Dec. 2021 was HK$7,086 Mil. Shanghai Jin Jiang Capital Co's Average Total Inventories for the quarter that ended in Dec. 2021 was HK$301 Mil. Shanghai Jin Jiang Capital Co's Inventory Turnover for the quarter that ended in Dec. 2021 was 23.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Jin Jiang Capital Co's Days Inventory for the six months ended in Dec. 2021 was 7.76.

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. Shanghai Jin Jiang Capital Co's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.03.

Shanghai Jin Jiang Capital Co Inventory Turnover Historical Data

The historical data trend for Shanghai Jin Jiang Capital 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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Shanghai Jin Jiang Capital Co Inventory Turnover Chart

Shanghai Jin Jiang Capital Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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75.81

58.55

47.01

39.48

44.48

Shanghai Jin Jiang Capital Co Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															26.31	16.91	20.94	22.83	23.52

Shanghai Jin Jiang Capital Co Inventory Turnover Calculation

Shanghai Jin Jiang Capital Co's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	14320.812	/ (	(333.364	+	310.607)	/	2 )
=	14320.812	/	321.9855
=	44.48

Shanghai Jin Jiang Capital Co's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	7086.18	/ (	(291.918	+	310.607)	/	2 )
=	7086.18	/	301.2625
=	23.52

Shanghai Jin Jiang Capital Co (HKSE:02006) 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.

Shanghai Jin Jiang Capital Co's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	301.2625	/	7086.18	*	365 / 2
	=	7.76

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.

Shanghai Jin Jiang Capital Co's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	301.2625	/	10131.314
	=	0.03

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.

Shanghai Jin Jiang Capital Co Inventory Turnover Related Terms

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Shanghai Jin Jiang Capital Co (HKSE:02006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang Capital Co Ltd (HKSE:02006) » Definitions » Inventory Turnover

Comparable Companies

XTAE:FTAL HKSE:00041 SGX:M04 HKSE:00045 XMAD:NHH XMAD:MEL XTAE:ISRO MCG OSTO:PNDX B HKSE:00069

Traded in Other Exchanges

N/A

Address

No. 100 Yan’an East Road, 26th Floor, Union Building, Shanghai, CHN, 200002

Website

http://www.jinjiangcapital.com

Shanghai Jin Jiang Capital Co Ltd is a hotel group in China, principally engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. Its segment includes Full-Service Hotels; Select Service Hotels- Managed and operated in Mainland China; Select Service Hotels- Managed and operated overseas; Food and Restaurants; Passenger Transportation Vehicles and Logistics; Travel Agency and Other Operations. The group generates a majority of its revenue from the Select Service Hotels- Managed and operated in Mainland China.

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