Shandong Boan Biotechnology Co (HKSE:06955) Inventory Turnover : 0.65 (As of Dec. 2023)

Shandong Boan Biotechnology Co Inventory Turnover Chart

Shandong Boan Biotechnology Co Inventory Turnover Calculation

Shandong Boan Biotechnology Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Shandong Boan Biotechnology Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

* 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.

Shandong Boan Biotechnology Co  (HKSE:06955) 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.

Shandong Boan Biotechnology Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

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.

Shandong Boan Biotechnology Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

* 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.

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.

Shandong Boan Biotechnology Co Inventory Turnover Related Terms

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Shandong Boan Biotechnology Co (HKSE:06955) Business Description