Jinko Solar Co (SHSE:688223) Inventory Turnover : 1.11 (As of Mar. 2025)

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What is Jinko Solar 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. Jinko Solar Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥14,298 Mil. Jinko Solar Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥12,884 Mil. Jinko Solar Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinko Solar Co's Days Inventory for the three months ended in Mar. 2025 was 82.23.

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. Jinko Solar Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.93.

Jinko Solar Co Inventory Turnover Historical Data

The historical data trend for Jinko Solar 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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Jinko Solar Co Inventory Turnover Chart

Jinko Solar Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.18

3.25

4.82

5.78

5.58

Jinko Solar Co Quarterly Data
	Dec19	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															1.09	1.13	1.25	1.50	1.11

Jinko Solar Co Inventory Turnover Calculation

Jinko Solar 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 )
=	85684.179	/ (	(18215.537	+	12509.597)	/	2 )
=	85684.179	/	15362.567
=	5.58

Jinko Solar 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 )
=	14298.131	/ (	(12509.597	+	13258.66)	/	2 )
=	14298.131	/	12884.1285
=	1.11

Jinko Solar Co (SHSE:688223) 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.

Jinko Solar 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
	=	12884.1285	/	14298.131	*	365 / 4
	=	82.23

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.

Jinko Solar 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 )
	=	12884.1285	/	13842.855
	=	0.93

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.

Jinko Solar Co Inventory Turnover Related Terms

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Jinko Solar Co Business Description

Industry

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Traded in Other Exchanges

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Address

No. 1, Jinke Avenue, Economic Development Zone, Jiangxi Province, Shangrao City, CHN, 334000

Website

https://www.jinkosolar.com

Jinko Solar ranks among the four largest Chinese solar module manufacturers, holding an estimated 14% share of the global market by module production in 2023. Jinko's products are distributed across nearly 200 countries and regions. The company operates a vertically integrated production process, spanning from solar wafer and cell manufacturing to module production. Jinko's N-type cell capacity is industry-leading in scale.

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