Pujiang International Group (HKSE:02060) Inventory Turnover : 1.19 (As of Jun. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Pujiang International Group 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. Pujiang International Group's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$738 Mil. Pujiang International Group's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$618 Mil. Pujiang International Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pujiang International Group's Days Inventory for the six months ended in Jun. 2023 was 152.92.

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. Pujiang International Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.63.

Pujiang International Group Inventory Turnover Historical Data

The historical data trend for Pujiang International 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.

* Premium members only.

Pujiang International Group Inventory Turnover Chart

Pujiang International Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

6.60

5.65

3.90

3.05

2.59

Pujiang International Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial								1.14	1.31	1.24	1.25	1.19

Pujiang International Group Inventory Turnover Calculation

Pujiang International Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1770.226	/ (	(738.108	+	627.572)	/	2 )
=	1770.226	/	682.84
=	2.59

Pujiang International Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	737.956	/ (	(627.572	+	609.138)	/	2 )
=	737.956	/	618.355
=	1.19

Pujiang International Group (HKSE:02060) 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.

Pujiang International Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	618.355	/	737.956	*	365 / 2
	=	152.92

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.

Pujiang International Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	618.355	/	984.431
	=	0.63

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.

Pujiang International Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Pujiang International Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Pujiang International Group (HKSE:02060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pujiang International Group Ltd (HKSE:02060) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, 16th Floor, Shanghai, CHN, 200120

Website

http://www.pji-group.com

Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.

Executives

Elegant Kindness Limited	2101 Beneficial owner
Tang Liang	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
China Silver Asset Management Llc	2102 Investment manager
Cs Asia Opportunities Master Fund	2101 Beneficial owner
China Silver Asset Management Limited	2102 Investment manager
China Merchants Bank Co., Ltd.	2201 Interest of corporation controlled by you
Cmb International Finance Limited	2106 Person having a security interest in shares

Pujiang International Group (HKSE:02060) Headlines

No Headlines