Origin Agritech (Origin Agritech) Inventory Turnover : 1.99 (As of Sep. 2023)

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What is Origin Agritech 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. Origin Agritech's Cost of Goods Sold for the six months ended in Sep. 2023 was $3.39 Mil. Origin Agritech's Average Total Inventories for the quarter that ended in Sep. 2023 was $1.71 Mil. Origin Agritech's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Origin Agritech's Days Inventory for the six months ended in Sep. 2023 was 91.87.

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. Origin Agritech's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.46.

Origin Agritech Inventory Turnover Historical Data

The historical data trend for Origin Agritech'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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Origin Agritech Inventory Turnover Chart

Origin Agritech Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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1.85

2.40

3.95

10.95

9.99

Origin Agritech Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															3.08	10.29	1.25	7.72	1.99

Origin Agritech Inventory Turnover Calculation

Origin Agritech's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	10.422	/ (	(0.3	+	1.787)	/	2 )
=	10.422	/	1.0435
=	9.99

Origin Agritech's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	3.392	/ (	(1.628	+	1.787)	/	2 )
=	3.392	/	1.7075
=	1.99

Origin Agritech (NAS:SEED) 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.

Origin Agritech's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.7075	/	3.392	*	365 / 2
	=	91.87

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.

Origin Agritech's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.7075	/	3.729
	=	0.46

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.

Origin Agritech Inventory Turnover Related Terms

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Origin Agritech (Origin Agritech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Origin Agritech Ltd (NAS:SEED) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

39O1:Germany

Address

No. 21 Sheng Ming Yuan Road, Changping District, Beijing, CHN, 102206

Website

http://www.originseed.com.cn

Origin Agritech Ltd is a Chinese agricultural technology company. In crop seed biotechnologies, the company's phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. Origin has established a robust biotechnology seed pipeline including products with glyphosate tolerance and pest resistance (Bt) traits.

Executives

Jeff Feinberg	10 percent owner	20600 NORTHRIDGE ROAD, CHATSWORTH CA 91311
Steven Urbach	director	C/O CHARDAN CAPITAL MARKETS, LLC, 17 STATE STREET, SUITE 2575, NEW YORK NY 10004
Michael D Chermak	director
Gengchen Han	director, officer: Chairman of the Board and CEO	21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206
Bailiang Zhang	director	95 WENHUA RD., HENAN AGRICULTURAL UNIVERSITY, ZHENGZHOU F4 450002
Dafang Huang	director	BIOTECHNOLOGY RESEARCH INSTITUTE, 12 ZHONGGUANCUN SOUTH AVE., BEIJING F4 100081
Remo Richli	director	IM NEUHOF 28, EMMENBRUCKE V8 6020
Richard D Propper	officer: VP for Corporate Development
Kerry Propper	director	CHARDAN CHINA ACQUISITION CORP, 777 SOUTH HIGHWAY 101, SOLANA BEACH CA 92075
Yasheng Yang	director, officer: President, Treasurer, COO	21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206
Liang Yuan	director, officer: Executive Vice Chairman	21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206