Yantai North Andre Juice Co (HKSE:02218) Inventory Turnover : 0.44 (As of Jun. 2024)

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What is Yantai North Andre Juice 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. Yantai North Andre Juice Co's Cost of Goods Sold for the three months ended in Jun. 2024 was HK$276 Mil. Yantai North Andre Juice Co's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$627 Mil. Yantai North Andre Juice Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yantai North Andre Juice Co's Days Inventory for the three months ended in Jun. 2024 was 207.19.

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. Yantai North Andre Juice Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.61.

Yantai North Andre Juice Co Inventory Turnover Historical Data

The historical data trend for Yantai North Andre Juice 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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Yantai North Andre Juice Co Inventory Turnover Chart

Yantai North Andre Juice Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.00

1.01

1.08

1.37

0.80

Yantai North Andre Juice Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.30	0.21	0.22	0.44	0.54

Yantai North Andre Juice Co Inventory Turnover Calculation

Yantai North Andre Juice Co'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 )
=	642.118	/ (	(615.109	+	985.421)	/	2 )
=	642.118	/	800.265
=	0.80

Yantai North Andre Juice Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	276.327	/ (	(0	+	627.435)	/	1 )
=	276.327	/	627.435
=	0.44

Yantai North Andre Juice Co (HKSE:02218) 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.

Yantai North Andre Juice Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	627.435	/	276.327	*	365 / 4
	=	207.19

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.

Yantai North Andre Juice Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	627.435	/	389.509
	=	1.61

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.

Yantai North Andre Juice Co Inventory Turnover Related Terms

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Yantai North Andre Juice Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Yantai North Andre Juice Co Ltd (HKSE:02218) » Definitions » Inventory Turnover

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Traded in Other Exchanges

605198:China

Address

No. 18 Andre Avenue, Muping Economic Development Zone, Shandong Province, Yantai, CHN, 264100

Website

https://www.andre.com.cn

Yantai North Andre Juice Co Ltd is a China-based company, that engages in the manufacture and sales of condensed fruit juice, apple essence, pomace, and related products. Its products include apple juice concentrate, pear juice concentrate, orange and lemon series juices, strawberry concentrate, bio-feedstuff, and other related products. It is also involved in the provision of juice processing services. The company operates its business in China, North America, Asia (excluding China), Europe, Oceania, and Africa.

Executives

Wang Kelly	2201 Interest of corporation controlled by you
Hongan International Investment Co., Ltd.	2101 Beneficial owner
Mitsui & Co., Ltd.	2101 Beneficial owner
Hongan International Investment Company Limited	2101 Beneficial owner
Tiandi Win-win Investment Management Co., Limited	2101 Beneficial owner
Tian Di Yi Hao Yin Liao Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Chen Sheng	2201 Interest of corporation controlled by you
Ma Lin	2202 Interest of your spouse
Ni Zhi Long	2101 Beneficial owner

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