Pulike Biological Engineering (SHSE:603566) Inventory Turnover : 0.49 (As of Jun. 2024)

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What is Pulike Biological 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. Pulike Biological Engineering's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥94 Mil. Pulike Biological Engineering's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥191 Mil. Pulike Biological Engineering's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pulike Biological Engineering's Days Inventory for the three months ended in Jun. 2024 was 185.12.

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. Pulike Biological Engineering's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.77.

Pulike Biological Engineering Inventory Turnover Historical Data

The historical data trend for Pulike Biological 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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Pulike Biological Engineering Inventory Turnover Chart

Pulike Biological Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.40

2.63

2.50

2.54

2.60

Pulike Biological Engineering Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.57	0.66	0.74	0.45	0.49

Pulike Biological Engineering Inventory Turnover Calculation

Pulike Biological 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 )
=	488.398	/ (	(191.512	+	183.619)	/	2 )
=	488.398	/	187.5655
=	2.60

Pulike Biological Engineering's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	94.076	/ (	(187.062	+	194.645)	/	2 )
=	94.076	/	190.8535
=	0.49

Pulike Biological Engineering (SHSE:603566) 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.

Pulike Biological Engineering's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	190.8535	/	94.076	*	365 / 4
	=	185.12

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.

Pulike Biological Engineering's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	190.8535	/	247.662
	=	0.77

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.

Pulike Biological Engineering Inventory Turnover Related Terms

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Pulike Biological Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Pulike Biological Engineering Inc (SHSE:603566) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

15th New governance, Henan Province, Luoyang, CHN, 471000

Website

http://www.pulike.com.cn

Pulike Biological Engineering Inc is engaged in the research and development and production and operation of veterinary drugs.

Executives

Sun Jin Zhong	Director
Zhang Zhen	Supervisors
Wang Zhu Yi	Supervisors
Ma Sui Ying	Director
Song Yong Jun	Director
Hu Wei	Director
Qiao Rong Cen	senior management
Zhou Li Peng	senior management
Tian Ke Gong	senior management
Kang Du Li	senior management
Zhao Rui	senior management
Qin De Chao	Director
Pei Lian Feng	senior management
Zhang Li Chang	Director
Zhang Xu Ke	Director

Pulike Biological Engineering Headlines

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