Nongfu Spring Co (HKSE:09633) Inventory Turnover : 3.32 (As of Dec. 2023)

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What is Nongfu Spring 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. Nongfu Spring Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$9,962 Mil. Nongfu Spring Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$3,000 Mil. Nongfu Spring Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nongfu Spring Co's Days Inventory for the six months ended in Dec. 2023 was 54.95.

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. Nongfu Spring Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Nongfu Spring Co Inventory Turnover Historical Data

The historical data trend for Nongfu Spring 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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Nongfu Spring Co Inventory Turnover Chart

Nongfu Spring Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.78

5.42

6.77

6.91

6.58

Nongfu Spring Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							3.66	3.74	3.77	3.59	3.32

Nongfu Spring Co Inventory Turnover Calculation

Nongfu Spring 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 )
=	18879.052	/ (	(2354.45	+	3381.668)	/	2 )
=	18879.052	/	2868.059
=	6.58

Nongfu Spring Co'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 )
=	9962.024	/ (	(2617.649	+	3381.668)	/	2 )
=	9962.024	/	2999.6585
=	3.32

Nongfu Spring Co (HKSE:09633) 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.

Nongfu Spring Co'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
	=	2999.6585	/	9962.024	*	365 / 2
	=	54.95

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.

Nongfu Spring Co'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 )
	=	2999.6585	/	24287.137
	=	0.12

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.

Nongfu Spring Co Inventory Turnover Related Terms

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Nongfu Spring Co (HKSE:09633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Nongfu Spring Co Ltd (HKSE:09633) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NNFSF:USA 7NF:Germany

Address

No. 181, Geyazhuang, Xihu District, Hangzhou, CHN, 310024

Website

https://www.nongfuspring.com

Founded in 1996, Nongfu Spring is a leading manufacturer of bottled water, ready-to-drink tea, juice and functional beverages in China. It holds the number-one share in the bottled water market; this segment contributed approximately 55% of the firm's revenue and EBIT in 2022.

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