Juheshun Advanced Material Co (SHSE:605166) Inventory Turnover : 3.06 (As of Dec. 2024)

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What is Juheshun Advanced Material 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. Juheshun Advanced Material Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ¥1,705 Mil. Juheshun Advanced Material Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ¥558 Mil. Juheshun Advanced Material Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Juheshun Advanced Material Co's Days Inventory for the three months ended in Dec. 2024 was 29.85.

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. Juheshun Advanced Material Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.30.

Juheshun Advanced Material Co Inventory Turnover Historical Data

The historical data trend for Juheshun Advanced Material 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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Juheshun Advanced Material Co Inventory Turnover Chart

Juheshun Advanced Material Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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10.78

13.65

14.15

18.44

15.99

Juheshun Advanced Material Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															4.84	4.38	3.99	3.45	3.06

Juheshun Advanced Material Co Inventory Turnover Calculation

Juheshun Advanced Material 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 )
=	6590.737	/ (	(247.764	+	576.455)	/	2 )
=	6590.737	/	412.1095
=	15.99

Juheshun Advanced Material Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1705.477	/ (	(539.358	+	576.455)	/	2 )
=	1705.477	/	557.9065
=	3.06

Juheshun Advanced Material Co (SHSE:605166) 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.

Juheshun Advanced Material Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	557.9065	/	1705.477	*	365 / 4
	=	29.85

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.

Juheshun Advanced Material Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	557.9065	/	1835.226
	=	0.30

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.

Juheshun Advanced Material Co Inventory Turnover Related Terms

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Juheshun Advanced Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Juheshun Advanced Material Co Ltd (SHSE:605166) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 389, Weishi Road, Linjiang High-tech Industrial Park, Zhejiang Province, Hangzhou, CHN, 311228

Website

http://www.jhspa6.com

Hangzhou Juheshun New Material Co Ltd is engaged in production and sales of polyamide 6 chips.

Executives

Xu Li Qun	Supervisors
Zheng An Dong	Director
Chen Shu Feng	senior management
Shen Xiao Wei	Supervisors

Juheshun Advanced Material Co Headlines

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