Grand Industrial Holding Co (SZSE:000626) Inventory Turnover : 17.08 (As of Sep. 2024)

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What is Grand Industrial Holding 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. Grand Industrial Holding Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥21,735 Mil. Grand Industrial Holding Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1,273 Mil. Grand Industrial Holding Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 17.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grand Industrial Holding Co's Days Inventory for the three months ended in Sep. 2024 was 5.34.

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. Grand Industrial Holding Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.06.

Grand Industrial Holding Co Inventory Turnover Historical Data

The historical data trend for Grand Industrial Holding 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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Grand Industrial Holding Co Inventory Turnover Chart

Grand Industrial Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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72.80

67.36

90.42

88.38

79.70

Grand Industrial Holding Co Quarterly Data
	Dec19	Mar20	Jun20	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															15.18	13.69	13.24	14.59	17.08

Grand Industrial Holding Co Inventory Turnover Calculation

Grand Industrial Holding 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 )
=	85823.402	/ (	(991.822	+	1161.921)	/	2 )
=	85823.402	/	1076.8715
=	79.70

Grand Industrial Holding 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 )
=	21735.279	/ (	(1339.667	+	1205.868)	/	2 )
=	21735.279	/	1272.7675
=	17.08

Grand Industrial Holding Co (SZSE:000626) 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.

Grand Industrial Holding 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
	=	1272.7675	/	21735.279	*	365 / 4
	=	5.34

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.

Grand Industrial Holding 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 )
	=	1272.7675	/	21819.451
	=	0.06

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.

Grand Industrial Holding Co Inventory Turnover Related Terms

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Grand Industrial Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Grand Industrial Holding Co Ltd (SZSE:000626) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Beijiao Road, Xinpu District, Lianyungang, Jiangsu, CHN, 222006

Website

http://www.ideal-group.com.cn

Grand Industrial Holding Co Ltd is principally engaged in manufacturing and distributing agricultural and sideline products, aquatic products, seeds, pesticides and fertilizers.

Executives

Xu Qiang	Directors, executives
Ding Xing Chao	Supervisors

Grand Industrial Holding Co Headlines

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