Shandong Fengxiang Co (HKSE:09977) Inventory Turnover : 2.68 (As of Jun. 2024)

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What is Shandong Fengxiang 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. Shandong Fengxiang Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$2,602 Mil. Shandong Fengxiang Co's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$971 Mil. Shandong Fengxiang Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Fengxiang Co's Days Inventory for the six months ended in Jun. 2024 was 68.14.

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 Fengxiang Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.34.

Shandong Fengxiang Co Inventory Turnover Historical Data

The historical data trend for Shandong Fengxiang 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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Shandong Fengxiang Co Inventory Turnover Chart

Shandong Fengxiang Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.23

5.05

4.50

4.47

4.88

Shandong Fengxiang Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial									2.44	2.69	2.35	2.52	2.68

Shandong Fengxiang Co Inventory Turnover Calculation

Shandong Fengxiang 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 )
=	4968.982	/ (	(1002.192	+	1036.185)	/	2 )
=	4968.982	/	1019.1885
=	4.88

Shandong Fengxiang 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: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	2601.602	/ (	(1036.185	+	906.447)	/	2 )
=	2601.602	/	971.316
=	2.68

Shandong Fengxiang Co (HKSE:09977) 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 Fengxiang Co's Days Inventory for the six 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
	=	971.316	/	2601.602	*	365 / 2
	=	68.14

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 Fengxiang 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 )
	=	971.316	/	2857.188
	=	0.34

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 Fengxiang Co Inventory Turnover Related Terms

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Shandong Fengxiang Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Fengxiang Co Ltd (HKSE:09977) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liumiao Village, Anle Town, Yanggu County, Shandong Province, Liaocheng, CHN

Website

https://www.fengxiang.com

Shandong Fengxiang Co Ltd is a white-feathered broiler producer in the PRC. The company produces its chicken meat products from white-feathered broilers. It also manufactures and markets a wide range of processed chicken meat products. Its main products include chicken meat products, which consist of raw chicken meat products and processed chicken meat products, and chicken breeds.

Executives

Platinum Peony B 2023 Rsc Limited	2101 Beneficial owner
Abu Dhabi Investment Authority	2201 Interest of corporation controlled by you
Pag	2201 Interest of corporation controlled by you
Shan Weijian	2201 Interest of corporation controlled by you
Pag Capital Limited	2201 Interest of corporation controlled by you
Pag Asia Iv Lp	2201 Interest of corporation controlled by you
Pag Asia Capital Gp Iv Limited	2201 Interest of corporation controlled by you
Pacific Alliance Group Limited	2201 Interest of corporation controlled by you
Falcon Holding Lp	2101 Beneficial owner
Falcon Holding Gp Limited	2201 Interest of corporation controlled by you
Shum Yip Investment & Development Company Limited	2201 Interest of corporation controlled by you
Platinum International Investment Holdings Rsc Limited	2201 Interest of corporation controlled by you
Jinyi Capital Multi-strategy Fund Spc Ltd.	2101 Beneficial owner
Hsbc Holdings Plc	2302 Custodian
Futu Trustee Limited	2301 Trustee

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