Great Sun Foods Co (SHSE:603336) Inventory Turnover : 0.49 (As of Mar. 2024)

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What is Great Sun Foods 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. Great Sun Foods Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥195 Mil. Great Sun Foods Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥397 Mil. Great Sun Foods Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Great Sun Foods Co's Days Inventory for the three months ended in Mar. 2024 was 186.13.

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. Great Sun Foods Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.84.

Great Sun Foods Co Inventory Turnover Historical Data

The historical data trend for Great Sun Foods 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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Great Sun Foods Co Inventory Turnover Chart

Great Sun Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.27

2.49

2.42

2.75

2.59

Great Sun Foods 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															0.58	0.54	0.69	0.88	0.49

Great Sun Foods Co Inventory Turnover Calculation

Great Sun Foods 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 )
=	998.821	/ (	(392.128	+	378.619)	/	2 )
=	998.821	/	385.3735
=	2.59

Great Sun Foods 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 )
=	194.792	/ (	(378.619	+	416.042)	/	2 )
=	194.792	/	397.3305
=	0.49

Great Sun Foods Co (SHSE:603336) 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.

Great Sun Foods 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
	=	397.3305	/	194.792	*	365 / 4
	=	186.13

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.

Great Sun Foods 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 )
	=	397.3305	/	216.473
	=	1.84

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.

Great Sun Foods Co Inventory Turnover Related Terms

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Great Sun Foods Co (SHSE:603336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Great Sun Foods Co Ltd (SHSE:603336) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 13, Yujin Middle Road, Longhu District, Guangdong Province, Shantou, CHN, 515041

Website

http://www.greatsunfoods.com

Great Sun Foods Co Ltd is the Chinese company operating in the agricultural and sideline food processing industry. The company is engaged in the provision of plantation management, post-harvest acquisition, pre-cooling, frozen storage, pre-selection classification, processing and packaging and cold chain distribution. It provides more than 46 categories of fruits and 43 categories of vegetables, with different varieties from all parts of China and abroad.

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