Zhejiang Hisun Pharmaceutical Co (SHSE:600267) Inventory Turnover : 0.83 (As of Sep. 2024)

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What is Zhejiang Hisun Pharmaceutical 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. Zhejiang Hisun Pharmaceutical Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,453 Mil. Zhejiang Hisun Pharmaceutical Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1,742 Mil. Zhejiang Hisun Pharmaceutical Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Hisun Pharmaceutical Co's Days Inventory for the three months ended in Sep. 2024 was 109.38.

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. Zhejiang Hisun Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.66.

Zhejiang Hisun Pharmaceutical Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Hisun Pharmaceutical 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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Zhejiang Hisun Pharmaceutical Co Inventory Turnover Chart

Zhejiang Hisun Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.17

2.85

3.13

3.56

3.20

Zhejiang Hisun Pharmaceutical 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															0.86	0.56	0.92	0.80	0.83

Zhejiang Hisun Pharmaceutical Co Inventory Turnover Calculation

Zhejiang Hisun Pharmaceutical 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 )
=	6188.821	/ (	(1914.136	+	1956.874)	/	2 )
=	6188.821	/	1935.505
=	3.20

Zhejiang Hisun Pharmaceutical 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 )
=	1453.168	/ (	(1754.733	+	1728.929)	/	2 )
=	1453.168	/	1741.831
=	0.83

Zhejiang Hisun Pharmaceutical Co (SHSE:600267) 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.

Zhejiang Hisun Pharmaceutical 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
	=	1741.831	/	1453.168	*	365 / 4
	=	109.38

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.

Zhejiang Hisun Pharmaceutical 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 )
	=	1741.831	/	2631.073
	=	0.66

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.

Zhejiang Hisun Pharmaceutical Co Inventory Turnover Related Terms

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Zhejiang Hisun Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Hisun Pharmaceutical Co Ltd (SHSE:600267) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 46 Waisha Road, Jiaojiang District, Zhejiang Province, Taizhou, CHN, 318000

Website

http://www.hisunpharm.com

Zhejiang Hisun Pharmaceutical Co Ltd is a China-based pharmaceutical company. It is focused on the research, development, and distribution of pharmaceuticals. It produces and supplies antibiotics and anticancer drugs. The company's research channels cover indications like anticancer, cardiovascular, anti-infective, anti-parasitic, immunosuppressant and others. Its product portfolio includes active pharmaceutical ingredients like Anastrozole, Docetaxel, Methotrexate, and others and finished dosages such as letrozole tablets, anastrozole tablets, injection mitomycin, and others.

Executives

Yu Shun Bing	Supervisors
Jin Hong Shun	senior management
Lu Xing Hai	senior management
Zhang Zhen Ying	senior management
Jiang Guo Ping	Director
Yang Zhi Qing	senior management
Du Jia Qiu	senior management
Chen Xiao Hua	Directors, senior managers
Li Yan	Directors, senior managers
Zhao Lei	senior management
Shen Xi Fei	Director
Zhang Wei	senior management
Bai Hua	Director
Chen Li Fei	Supervisors
Hu Liang Bin	senior management

Zhejiang Hisun Pharmaceutical Co Headlines

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