Shaanxi Jinye Science Technology and Education Group Co (SZSE:000812) Inventory Turnover : 0.75 (As of Mar. 2024)

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What is Shaanxi Jinye Science Technology and Education Group 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. Shaanxi Jinye Science Technology and Education Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥236 Mil. Shaanxi Jinye Science Technology and Education Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥314 Mil. Shaanxi Jinye Science Technology and Education Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shaanxi Jinye Science Technology and Education Group Co's Days Inventory for the three months ended in Mar. 2024 was 121.24.

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. Shaanxi Jinye Science Technology and Education Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.95.

Shaanxi Jinye Science Technology and Education Group Co Inventory Turnover Historical Data

The historical data trend for Shaanxi Jinye Science Technology and Education Group 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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Shaanxi Jinye Science Technology and Education Group Co Inventory Turnover Chart

Shaanxi Jinye Science Technology and Education Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.90

2.04

2.62

2.32

2.70

Shaanxi Jinye Science Technology and Education Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.55	0.56	0.70	0.80	0.75

Shaanxi Jinye Science Technology and Education Group Co Inventory Turnover Calculation

Shaanxi Jinye Science Technology and Education Group 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 )
=	894.639	/ (	(375.665	+	286.041)	/	2 )
=	894.639	/	330.853
=	2.70

Shaanxi Jinye Science Technology and Education Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	236.237	/ (	(286.041	+	341.737)	/	2 )
=	236.237	/	313.889
=	0.75

Shaanxi Jinye Science Technology and Education Group Co (SZSE:000812) 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.

Shaanxi Jinye Science Technology and Education Group Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	313.889	/	236.237	*	365 / 4
	=	121.24

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.

Shaanxi Jinye Science Technology and Education Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	313.889	/	329.943
	=	0.95

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.

Shaanxi Jinye Science Technology and Education Group Co Inventory Turnover Related Terms

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Shaanxi Jinye Science Technology and Education Group Co (SZSE:000812) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shaanxi Jinye Science Technology and Education Group Co Ltd (SZSE:000812) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100 2nd Ring Road West Section, Jinye Xiandai Zhichuang, 6F, Xi'an, Shanxi, CHN, 710065

Website

http://www.jinyegroup.cn

Shaanxi Jinye Science Technology And Education Co Ltd engages in the packaging and decorating of printed materials and the operation of high-tech digital printing technology. It is also involved in the education and cultural industries in China.

Executives

Qin Zhong	Executives
Xiong Han Cheng	Directors, executives
Yuan Han Yuan	Director
Yan Kai	Secretary Dong
Liang Xin Sheng	Executives
Zhou Xin Qing	Executives
Zhao Tian Jiao	Directors, executives
Wang Zhou Suo	Supervisors
Zhang You Qiang	Executives
Shen Ke Qin	Executives
Cheng Bin	Executives
Liang Pei Rong	Director
Li Jing	Executives
Li Qing Quan	Executives
Zhang Chi Lei	Executives

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