Jangho Group Co (SHSE:601886) Inventory Turnover : 3.02 (As of Mar. 2024)

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What is Jangho Group 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. Jangho Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,439 Mil. Jangho Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,139 Mil. Jangho Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jangho Group Co's Days Inventory for the three months ended in Mar. 2024 was 30.22.

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. Jangho Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

Jangho Group Co Inventory Turnover Historical Data

The historical data trend for Jangho Group 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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Jangho Group Co Inventory Turnover Chart

Jangho Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.01

19.89

16.99

13.70

16.74

Jangho Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.61	4.32	4.53	5.38	3.02

Jangho Group Co Inventory Turnover Calculation

Jangho Group 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 )
=	17355.286	/ (	(1027.053	+	1045.91)	/	2 )
=	17355.286	/	1036.4815
=	16.74

Jangho Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	3438.774	/ (	(1045.91	+	1231.993)	/	2 )
=	3438.774	/	1138.9515
=	3.02

Jangho Group Co (SHSE:601886) 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.

Jangho Group Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1138.9515	/	3438.774	*	365 / 4
	=	30.22

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.

Jangho Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1138.9515	/	4085.889
	=	0.28

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.

Jangho Group Co Inventory Turnover Related Terms

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Jangho Group Co (SHSE:601886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jangho Group Co Ltd (SHSE:601886) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.5 Niuhui North Fifth Street, Shunyi District, Beijing, CHN

Website

http://www.jangho.com

Jangho Group Co Ltd is a China based company operating in the field of green architectural decoration and health care. In the Architectural decoration, the company focuses on curtain wall and interior decoration (including design), and others. In the Health care field, the company focuses on ophthalmology, third-party testing, and community hospitals. It has a business presence in China and other international countries. The organization's brands are Jangho curtain wall, Sundart, Gangyuan decoration, Gangyuan Curtain wall, SLD, Vision and Zeming Eye hospital.

Executives

Liu Zai Wang	Director
Xu Xing Li	senior management
Wang Qi Feng	Director
Jia De Hu	senior management
Liu Zhong Yue	senior management
Xiong Bao	senior management
Zhou Han Ping	senior management
Yu Jun	senior management
Dai Jun	senior management
Shi Ying	Supervisors
Hu Peng Fei	senior management
Chang Xi Zhe	senior management
Huang Yong Jun	Supervisors
Zhang Sheng	senior management

Jangho Group Co (SHSE:601886) Headlines

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