HeiLongJiang ZBD Pharmaceutical Co (SHSE:603567) Inventory Turnover : 0.21 (As of Sep. 2024)

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What is HeiLongJiang ZBD 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. HeiLongJiang ZBD Pharmaceutical Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥253 Mil. HeiLongJiang ZBD Pharmaceutical Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1,196 Mil. HeiLongJiang ZBD Pharmaceutical Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HeiLongJiang ZBD Pharmaceutical Co's Days Inventory for the three months ended in Sep. 2024 was 431.23.

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. HeiLongJiang ZBD Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 3.26.

HeiLongJiang ZBD Pharmaceutical Co Inventory Turnover Historical Data

The historical data trend for HeiLongJiang ZBD 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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HeiLongJiang ZBD Pharmaceutical Co Inventory Turnover Chart

HeiLongJiang ZBD Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.36

1.78

3.27

4.00

2.10

HeiLongJiang ZBD Pharmaceutical Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.07	0.79	0.66	0.26	0.21

HeiLongJiang ZBD Pharmaceutical Co Inventory Turnover Calculation

HeiLongJiang ZBD Pharmaceutical 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 )
=	1810.869	/ (	(1005.75	+	720.888)	/	2 )
=	1810.869	/	863.319
=	2.10

HeiLongJiang ZBD Pharmaceutical Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	253.136	/ (	(1110.474	+	1282.057)	/	2 )
=	253.136	/	1196.2655
=	0.21

HeiLongJiang ZBD Pharmaceutical Co (SHSE:603567) 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.

HeiLongJiang ZBD Pharmaceutical Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1196.2655	/	253.136	*	365 / 4
	=	431.23

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.

HeiLongJiang ZBD Pharmaceutical Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1196.2655	/	367.168
	=	3.26

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.

HeiLongJiang ZBD Pharmaceutical Co Inventory Turnover Related Terms

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HeiLongJiang ZBD Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » HeiLongJiang ZBD Pharmaceutical Co Ltd (SHSE:603567) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 72, Hongxing Street, Hulin Town, Heilongjiang Province, Hulin, CHN, 158400

Website

http://www.zbdzy.com

HeiLongJiang ZBD Pharmaceutical Co Ltd operates as a pharmaceutical manufacturer. The business scope of the company includes wholesale, retail, traditional Chinese medicine decoction pieces, Chinese medicine formula granules, Chinese herbal medicine trade, medical equipment, sanitary materials, and inspection and testing.

Executives

Li Tian Zhu	senior management
Zhang Zhong Fang	Director
Wang Lei	senior management
Yan Jiu Jiang	Directors, senior managers
Li Xiu Zhen	senior management
Li Xue Dong	Supervisors

HeiLongJiang ZBD Pharmaceutical Co Headlines

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