JinJian Cereals Industry Co (SHSE:600127) Inventory Turnover : 1.75 (As of Sep. 2024)

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What is JinJian Cereals Industry 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. JinJian Cereals Industry Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,021 Mil. JinJian Cereals Industry Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥585 Mil. JinJian Cereals Industry Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JinJian Cereals Industry Co's Days Inventory for the three months ended in Sep. 2024 was 52.28.

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. JinJian Cereals Industry Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.55.

JinJian Cereals Industry Co Inventory Turnover Historical Data

The historical data trend for JinJian Cereals Industry 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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JinJian Cereals Industry Co Inventory Turnover Chart

JinJian Cereals Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.53

6.62

6.63

7.36

6.76

JinJian Cereals Industry Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.01	1.83	1.18	1.68	1.75

JinJian Cereals Industry Co Inventory Turnover Calculation

JinJian Cereals Industry 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 )
=	4644.062	/ (	(712.127	+	660.938)	/	2 )
=	4644.062	/	686.5325
=	6.76

JinJian Cereals Industry Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1021.365	/ (	(594.911	+	575.389)	/	2 )
=	1021.365	/	585.15
=	1.75

JinJian Cereals Industry Co (SHSE:600127) 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.

JinJian Cereals Industry Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	585.15	/	1021.365	*	365 / 4
	=	52.28

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.

JinJian Cereals Industry Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	585.15	/	1060.59
	=	0.55

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.

JinJian Cereals Industry Co Inventory Turnover Related Terms

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JinJian Cereals Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » JinJian Cereals Industry Co Ltd (SHSE:600127) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Chongde Road No .158, Economic development zone, Chang De City, Hunan, Chang De, CHN, 415001

Website

http://www.600127.cn

JinJian Cereals Industry Co Ltd is engaged in the production and sales of packaged grain. The company develops high-quality cereal and oil, new health food and drug preparation. The main products of the company are rice, flour, noodles, vegetable oil, rice noodle, dairy, candy, and medicine.

Executives

Wu Yuan Hai

senior management

JinJian Cereals Industry Co Headlines

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