Ningbo Jifeng Auto Parts Co (SHSE:603997) Inventory Turnover : 2.56 (As of Mar. 2025)

View and export this data going back to 2015. Start your Free Trial

What is Ningbo Jifeng Auto Parts 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. Ningbo Jifeng Auto Parts Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥4,215 Mil. Ningbo Jifeng Auto Parts Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥1,646 Mil. Ningbo Jifeng Auto Parts Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningbo Jifeng Auto Parts Co's Days Inventory for the three months ended in Mar. 2025 was 35.63.

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. Ningbo Jifeng Auto Parts Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.33.

Ningbo Jifeng Auto Parts Co Inventory Turnover Historical Data

The historical data trend for Ningbo Jifeng Auto Parts 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.

* Premium members only.

Ningbo Jifeng Auto Parts Co Inventory Turnover Chart

Ningbo Jifeng Auto Parts Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

8.37

8.94

8.79

10.10

11.06

Ningbo Jifeng Auto Parts 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															2.51	2.78	2.95	2.80	2.56

Ningbo Jifeng Auto Parts Co Inventory Turnover Calculation

Ningbo Jifeng Auto Parts 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 )
=	19131.375	/ (	(1818.83	+	1641.175)	/	2 )
=	19131.375	/	1730.0025
=	11.06

Ningbo Jifeng Auto Parts 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 )
=	4215.021	/ (	(1641.175	+	1650.159)	/	2 )
=	4215.021	/	1645.667
=	2.56

Ningbo Jifeng Auto Parts Co (SHSE:603997) 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.

Ningbo Jifeng Auto Parts 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
	=	1645.667	/	4215.021	*	365 / 4
	=	35.63

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.

Ningbo Jifeng Auto Parts 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 )
	=	1645.667	/	5037.085
	=	0.33

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.

Ningbo Jifeng Auto Parts Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Ningbo Jifeng Auto Parts Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ningbo Jifeng Auto Parts Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Jifeng Auto Parts Co Ltd (SHSE:603997) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.17, Datunhe Road, Beilun District, Zhejiang, Ningbo City, CHN, 315800

Website

http://www.nb-jf.com

Ningbo Jifeng Auto Parts Co Ltd is principally engaged in development, manufacture, and sale of passenger car seat. The company offers automotive seat headrest and armrest assemblies, and headrest and door stems.

Executives

Feng Dian	Director
Li Na	Director
Wang Hao	Director
Zheng Ying	Director
Zheng Cheng Wen	Supervisors
Xiao Hua Feng	senior management
Ma Jin Yan	senior management

Ningbo Jifeng Auto Parts Co Headlines

No Headlines