Jishanye (Jishanye) Inventory Turnover : 41.67 (As of Mar. 2016)

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What is Jishanye 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. Jishanye's Cost of Goods Sold for the three months ended in Mar. 2016 was $0.13 Mil. Jishanye's Average Total Inventories for the quarter that ended in Mar. 2016 was $0.00 Mil. Jishanye's Inventory Turnover for the quarter that ended in Mar. 2016 was 41.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jishanye's Days Inventory for the three months ended in Mar. 2016 was 2.19.

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. Jishanye's Inventory-to-Revenue for the quarter that ended in Mar. 2016 was 0.02.

Jishanye Inventory Turnover Historical Data

The historical data trend for Jishanye'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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Jishanye Inventory Turnover Chart

Jishanye Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Inventory Turnover

0.25

34.20

Jishanye Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Inventory Turnover	Get a 7-Day Free Trial										-	-	58.67	23.71	41.67

Jishanye Inventory Turnover Calculation

Jishanye's Inventory Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Inventory Turnover (A: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2015 )	/ (	(Total Inventories (A: Dec. 2014 )	+	Total Inventories (A: Dec. 2015 ))	/	count )
=	0.171	/ (	(0	+	0.005)	/	1 )
=	0.171	/	0.005
=	34.20

Jishanye's Inventory Turnover for the quarter that ended in Mar. 2016 is calculated as

	Inventory Turnover (Q: Mar. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2016 )	/ (	(Total Inventories (Q: Dec. 2015 )	+	Total Inventories (Q: Mar. 2016 ))	/	count )
=	0.125	/ (	(0.005	+	0.001)	/	2 )
=	0.125	/	0.003
=	41.67

Jishanye (GREY:JSHY) 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.

Jishanye's Days Inventory for the three months ended in Mar. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2016 )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
	=	0.003	/	0.125	*	365 / 4
	=	2.19

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.

Jishanye's Inventory to Revenue for the quarter that ended in Mar. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2016 )	/	Revenue (Q: Mar. 2016 )
	=	0.003	/	0.176
	=	0.02

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.

Jishanye Inventory Turnover Related Terms

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Jishanye (Jishanye) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Jishanye Inc (GREY:JSHY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 247, Minsheng 1st Road, 7th Floor, Xinxing District, Kaohsiung City, TWN, 800

Website

http://www.jishanye.com

Jishanye Inc through its subsidiary provides funeral management services. The company is engaged in one single operating segment consisting of funeral management services in Taiwan. The company's funeral management services include providing the necessary setting and personnel to meet the grieving family's religious and cultural preferences. The firm also offers death care management consultancy services to small and medium-sized enterprises. Its other services consist of providing the family with funeral merchandise, such as a coffin, funeral clothes, mourning dress, flowers, wreaths, candles, funerary offerings, cremation urns, cemetery plots and management of the cemetery.

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