JS Corrugating Machinery Co (SZSE:000821) Inventory Turnover : 0.35 (As of Sep. 2024)

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What is JS Corrugating Machinery 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. JS Corrugating Machinery Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥2,186 Mil. JS Corrugating Machinery Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥6,308 Mil. JS Corrugating Machinery Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JS Corrugating Machinery Co's Days Inventory for the three months ended in Sep. 2024 was 263.38.

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. JS Corrugating Machinery Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.36.

JS Corrugating Machinery Co Inventory Turnover Historical Data

The historical data trend for JS Corrugating Machinery 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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JS Corrugating Machinery Co Inventory Turnover Chart

JS Corrugating Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.51

1.48

1.46

1.22

1.05

JS Corrugating Machinery 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															0.20	0.25	0.23	0.23	0.35

JS Corrugating Machinery Co Inventory Turnover Calculation

JS Corrugating Machinery 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 )
=	5700.1	/ (	(3731.56	+	7125.272)	/	2 )
=	5700.1	/	5428.416
=	1.05

JS Corrugating Machinery 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 )
=	2185.501	/ (	(6842.186	+	5773.866)	/	2 )
=	2185.501	/	6308.026
=	0.35

JS Corrugating Machinery Co (SZSE:000821) 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.

JS Corrugating Machinery 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
	=	6308.026	/	2185.501	*	365 / 4
	=	263.38

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.

JS Corrugating Machinery 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 )
	=	6308.026	/	2669.775
	=	2.36

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.

JS Corrugating Machinery Co Inventory Turnover Related Terms

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JS Corrugating Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JS Corrugating Machinery Co Ltd (SZSE:000821) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.22, Jiangxing Road, Jianghan Economic Develop. Zone, Wuhan, CHN

Website

http://www.jspackmach.com

JS Corrugating Machinery Co Ltd is engaged in the manufacturing and export of corrugated packaging machinery. Its products include corrugators, such as mill roll stands, splicers, pre-heaters, single facers, glue machines, double facers, rotary shears, slitter scorers, cut-offs, stackers, and other machines. Geographically the business activities are carried out through China.

Executives

Zu Guo Liang	Directors, executives
Wang Wei	Directors, executives
Li Jian	Directors, executives
Li Bin	Independent director
Yin Guang Zhi	Independent director
Li Shi Fa	Director
Xia Zhang Jun	Supervisors
Yu Hong Mei	Supervisors
Xie Chun An	Supervisors
Dong Fang Xiang	Director
Sun You Yuan	Director
Dai Zheng Ming	Executives
Chen Zhao Jun	Executives

JS Corrugating Machinery Co Headlines

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