Jowell Global (Jowell Global) Inventory Turnover : 5.75 (As of Dec. 2023)

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What is Jowell Global 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. Jowell Global's Cost of Goods Sold for the six months ended in Dec. 2023 was $73.0 Mil. Jowell Global's Average Total Inventories for the quarter that ended in Dec. 2023 was $12.7 Mil. Jowell Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jowell Global's Days Inventory for the six months ended in Dec. 2023 was 31.73.

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. Jowell Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Jowell Global Inventory Turnover Historical Data

The historical data trend for Jowell Global'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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Jowell Global Inventory Turnover Chart

Jowell Global Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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22.52

17.48

16.16

15.92

14.60

Jowell Global Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						7.00	7.61	8.15	5.50	5.75

Jowell Global Inventory Turnover Calculation

Jowell Global'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 )
=	156.738	/ (	(13.278	+	8.198)	/	2 )
=	156.738	/	10.738
=	14.60

Jowell Global'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 )
=	72.975	/ (	(17.18	+	8.198)	/	2 )
=	72.975	/	12.689
=	5.75

Jowell Global (NAS:JWEL) 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.

Jowell Global'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
	=	12.689	/	72.975	*	365 / 2
	=	31.73

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.

Jowell Global'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 )
	=	12.689	/	75.603
	=	0.17

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.

Jowell Global Inventory Turnover Related Terms

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Jowell Global (Jowell Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jowell Global Ltd (NAS:JWEL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 285 Jiangpu Road, 2nd Floor, Yangpu District, Shanghai, CHN, 200082

Website

https://www.1juhao.com

Jowell Global Ltd is a cosmetics, health and nutritional supplements, and household products e-commerce platform. It operates under Online Direct Sales, Authorized Retail Store Distribution, Third-party Merchants, and Live streaming marketing sales channels. The company's major merchandise categories are Cosmetic products, Health and nutritional supplements, and Household Products.