Hainan Jingliang Holdings Co (SZSE:000505) Inventory Turnover : 0.89 (As of Jun. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Hainan Jingliang Holdings 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. Hainan Jingliang Holdings Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥1,843 Mil. Hainan Jingliang Holdings Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥2,075 Mil. Hainan Jingliang Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hainan Jingliang Holdings Co's Days Inventory for the three months ended in Jun. 2024 was 102.76.

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. Hainan Jingliang Holdings Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.08.

Hainan Jingliang Holdings Co Inventory Turnover Historical Data

The historical data trend for Hainan Jingliang Holdings 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.

Hainan Jingliang Holdings Co Inventory Turnover Chart

Hainan Jingliang Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.17

6.13

7.06

6.15

5.61

Hainan Jingliang Holdings Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.68	1.50	1.81	1.74	0.89

Hainan Jingliang Holdings Co Inventory Turnover Calculation

Hainan Jingliang Holdings 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 )
=	11550.803	/ (	(2073.945	+	2041.86)	/	2 )
=	11550.803	/	2057.9025
=	5.61

Hainan Jingliang Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1842.67	/ (	(1963.52	+	2186.862)	/	2 )
=	1842.67	/	2075.191
=	0.89

Hainan Jingliang Holdings Co (SZSE:000505) 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.

Hainan Jingliang Holdings Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2075.191	/	1842.67	*	365 / 4
	=	102.76

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.

Hainan Jingliang Holdings Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2075.191	/	1919.708
	=	1.08

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.

Hainan Jingliang Holdings Co Inventory Turnover Related Terms

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

Hainan Jingliang Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hainan Jingliang Holdings Co Ltd (SZSE:000505) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

200505:China

Address

Binhai Avenue, 29th Floor, Dihao Building, Pearl River Square, Hainan Province, Haikou, CHN, 570125

Website

Hainan Jingliang Holdings Co Ltd is a food processing industry. It is engaged in the processing, production, and sales of foodstuffs, agricultural and sideline products, oils and fats, oils and snack foods.

Executives

Wang Yue Cheng	Executives
Wu Jian She	Executives
Chen Jing Wei	Director
Wang Zhi Gang	Director

Hainan Jingliang Holdings Co Headlines

No Headlines