Zhejiang Shapuaisi Pharmaceutical Co (SHSE:603168) Inventory Turnover : 0.48 (As of Mar. 2025)

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What is Zhejiang Shapuaisi 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 Shapuaisi Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥42.7 Mil. Zhejiang Shapuaisi Pharmaceutical Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥88.4 Mil. Zhejiang Shapuaisi Pharmaceutical Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Shapuaisi Pharmaceutical Co's Days Inventory for the three months ended in Mar. 2025 was 188.78.

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 Shapuaisi Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.87.

Zhejiang Shapuaisi Pharmaceutical Co Inventory Turnover Historical Data

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

Zhejiang Shapuaisi Pharmaceutical Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.58

3.83

3.80

3.96

3.06

Zhejiang Shapuaisi Pharmaceutical Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.82	0.58	0.76	0.83	0.48

Zhejiang Shapuaisi Pharmaceutical Co Inventory Turnover Calculation

Zhejiang Shapuaisi Pharmaceutical Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	246.127	/ (	(84.323	+	76.661)	/	2 )
=	246.127	/	80.492
=	3.06

Zhejiang Shapuaisi Pharmaceutical Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	42.736	/ (	(76.661	+	100.17)	/	2 )
=	42.736	/	88.4155
=	0.48

Zhejiang Shapuaisi Pharmaceutical Co (SHSE:603168) 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 Shapuaisi Pharmaceutical Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	88.4155	/	42.736	*	365 / 4
	=	188.78

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 Shapuaisi Pharmaceutical Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	88.4155	/	101.731
	=	0.87

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 Shapuaisi Pharmaceutical Co Inventory Turnover Related Terms

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Zhejiang Shapuaisi Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Shapuaisi Pharmaceutical Co Ltd (SHSE:603168) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1588 Xinming Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN, 314200

Website

https://www.zjspas.com

Zhejiang Shapuaisi Pharmaceutical Co Ltd is a China based pharmaceutical company. It is engaged in drug research and development, production and operation. The product portfolio of the company includes oral solutions, eye drops, tablets, hard capsules, suppositories, granules, raw materials dosage forms such as medicines, rinsing agent and mixture, and others. The company operates pharmaceutical manufacturing companies, pharmaceutical sales company, pharmaceutical retail company and pharmaceutical research institute. The products offered by the company are sold in China and are also exported to the other countries.

Executives

Huang Ming Xiong	Directors, senior managers
Wu Jian Guo	Director
Xu Hong Sheng	senior management
Hu Zheng Guo	Director
Ge Sheng Fang	Director
Feng Xiao	Supervisors
Chen De Kang	Director

Zhejiang Shapuaisi Pharmaceutical Co Headlines

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