Jingjin Equipment (SHSE:603279) Inventory Turnover : 0.41 (As of Mar. 2025)

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What is Jingjin Equipment 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. Jingjin Equipment's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥1,052 Mil. Jingjin Equipment's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥2,569 Mil. Jingjin Equipment's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jingjin Equipment's Days Inventory for the three months ended in Mar. 2025 was 222.73.

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. Jingjin Equipment's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.83.

Jingjin Equipment Inventory Turnover Historical Data

The historical data trend for Jingjin Equipment'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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Jingjin Equipment Inventory Turnover Chart

Jingjin Equipment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.48

1.88

1.82

1.62

1.61

Jingjin Equipment 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															0.38	0.41	0.42	0.40	0.41

Jingjin Equipment Inventory Turnover Calculation

Jingjin Equipment'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 )
=	4348.429	/ (	(2819.493	+	2566.018)	/	2 )
=	4348.429	/	2692.7555
=	1.61

Jingjin Equipment'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 )
=	1052.427	/ (	(2566.018	+	2571.786)	/	2 )
=	1052.427	/	2568.902
=	0.41

Jingjin Equipment (SHSE:603279) 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.

Jingjin Equipment'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
	=	2568.902	/	1052.427	*	365 / 4
	=	222.73

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.

Jingjin Equipment'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 )
	=	2568.902	/	1405.878
	=	1.83

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.

Jingjin Equipment Inventory Turnover Related Terms

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Jingjin Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jingjin Equipment Inc (SHSE:603279) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

North Head of Jinghua Road, Dezhou economic development zone, Shandong Province, Dezhou, CHN, 253034

Website

http://www.jjylj.com

Jingjin Equipment Inc is an environmental protection service provider of filter outfit production, filter technology overall plan solution and environment protection project contraction and operation. The comapny is engaged in the development of energy conservation and environment protection career, providing consumers by cost-effective products and professional quality service. Its products include pressure filter, vibrating centrifuge, blender, conveyor, automatic reagent feeder, double drive thickener, mud scraper, and cake breaker.

Executives

Yang Ming Jie	Director
Jiang Gui Ting	Directors, senior managers
Lu Yi	senior management
Li Dong Qiang	Directors, senior managers
Zhang Da Wei	Directors, senior managers

Jingjin Equipment Headlines

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