Hefei Jingsong Intelligent Technology Co (SHSE:688251) Inventory Turnover : 0.38 (As of Sep. 2024)

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What is Hefei Jingsong Intelligent Technology 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. Hefei Jingsong Intelligent Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥158.5 Mil. Hefei Jingsong Intelligent Technology Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥420.8 Mil. Hefei Jingsong Intelligent Technology Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hefei Jingsong Intelligent Technology Co's Days Inventory for the three months ended in Sep. 2024 was 242.22.

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. Hefei Jingsong Intelligent Technology Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.07.

Hefei Jingsong Intelligent Technology Co Inventory Turnover Historical Data

The historical data trend for Hefei Jingsong Intelligent Technology 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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Hefei Jingsong Intelligent Technology Co Inventory Turnover Chart

Hefei Jingsong Intelligent Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.91

1.41

2.37

2.36

2.18

Hefei Jingsong Intelligent Technology Co Quarterly Data
	Dec18	Dec19	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														0.27	0.81	0.11	0.60	0.38

Hefei Jingsong Intelligent Technology Co Inventory Turnover Calculation

Hefei Jingsong Intelligent Technology 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 )
=	506.555	/ (	(195.984	+	268.788)	/	2 )
=	506.555	/	232.386
=	2.18

Hefei Jingsong Intelligent Technology 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 )
=	158.538	/ (	(389.963	+	451.702)	/	2 )
=	158.538	/	420.8325
=	0.38

Hefei Jingsong Intelligent Technology Co (SHSE:688251) 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.

Hefei Jingsong Intelligent Technology 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
	=	420.8325	/	158.538	*	365 / 4
	=	242.22

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.

Hefei Jingsong Intelligent Technology 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 )
	=	420.8325	/	203.22
	=	2.07

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.

Hefei Jingsong Intelligent Technology Co Inventory Turnover Related Terms

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Hefei Jingsong Intelligent Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hefei Jingsong Intelligent Technology Co Ltd (SHSE:688251) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 128, Bisheng Road, Xinzhan District, Anhui Province, Hefei, CHN, 230012

Website

Hefei Jingsong Intelligent Technology Co Ltd is engaged in research and development, manufacturing of intelligent warehousing and logistics equipment and intelligent warehousing and logistics software.

Executives

Wang Kuai	Core technical personnel
Wang Zhong Ceng	Core technical personnel
Gao Han Fu	Core technical personnel
Zhu Xiang Zhi	Directors, senior managers

Hefei Jingsong Intelligent Technology Co Headlines

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