Flower King Eco-Engineering (SHSE:603007) Inventory Turnover : 0.48 (As of Mar. 2024)

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What is Flower King Eco-Engineering 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. Flower King Eco-Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥37.6 Mil. Flower King Eco-Engineering's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥79.0 Mil. Flower King Eco-Engineering's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flower King Eco-Engineering's Days Inventory for the three months ended in Mar. 2024 was 191.79.

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. Flower King Eco-Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.64.

Flower King Eco-Engineering Inventory Turnover Historical Data

The historical data trend for Flower King Eco-Engineering'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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Flower King Eco-Engineering Inventory Turnover Chart

Flower King Eco-Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.31

3.52

2.75

1.75

1.54

Flower King Eco-Engineering 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															0.17	0.38	0.50	0.34	0.48

Flower King Eco-Engineering Inventory Turnover Calculation

Flower King Eco-Engineering'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 )
=	121.511	/ (	(77.075	+	80.481)	/	2 )
=	121.511	/	78.778
=	1.54

Flower King Eco-Engineering'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 )
=	37.573	/ (	(80.481	+	77.458)	/	2 )
=	37.573	/	78.9695
=	0.48

Flower King Eco-Engineering (SHSE:603007) 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.

Flower King Eco-Engineering'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
	=	78.9695	/	37.573	*	365 / 4
	=	191.79

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.

Flower King Eco-Engineering'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 )
	=	78.9695	/	29.898
	=	2.64

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.

Flower King Eco-Engineering Inventory Turnover Related Terms

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Flower King Eco-Engineering (SHSE:603007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Flower King Eco-Engineering Inc (SHSE:603007) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 99 South Second Ring Roa, Jiangsu Province, Danyang, CHN, 212300

Website

http://www.flowersking.com

Flower King Eco-Engineering Inc, formerly Jiangsu Flowers King Horticulture Co Ltd is engaged in landscape design and construction of municipal services, tourist attractions, roads and real estate and other areas.

Executives

Cui Hong Bo	senior management
He Wei Tao	senior management
Xu Xu Sheng	senior management
Xiao Jie Jun	Director
Wei Jian Hong	senior management
Lin Xiao Jun	Director
Gu Jing	senior management
Li Hong Bin	Director
Xiao Jiao Jun	Director

Flower King Eco-Engineering (SHSE:603007) Headlines

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