Zhejiang Jingxing Paper JSC (SZSE:002067) Inventory Turnover : 1.40 (As of Mar. 2024)

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What is Zhejiang Jingxing Paper JSC 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. Zhejiang Jingxing Paper JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,159 Mil. Zhejiang Jingxing Paper JSC's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥826 Mil. Zhejiang Jingxing Paper JSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Jingxing Paper JSC's Days Inventory for the three months ended in Mar. 2024 was 64.99.

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. Zhejiang Jingxing Paper JSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.65.

Zhejiang Jingxing Paper JSC Inventory Turnover Historical Data

The historical data trend for Zhejiang Jingxing Paper JSC'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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Zhejiang Jingxing Paper JSC Inventory Turnover Chart

Zhejiang Jingxing Paper JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.33

8.97

9.30

8.86

6.97

Zhejiang Jingxing Paper JSC 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															1.85	2.17	1.92	1.67	1.40

Zhejiang Jingxing Paper JSC Inventory Turnover Calculation

Zhejiang Jingxing Paper JSC'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 )
=	5129.62	/ (	(693.062	+	777.864)	/	2 )
=	5129.62	/	735.463
=	6.97

Zhejiang Jingxing Paper JSC'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 )
=	1159.321	/ (	(777.864	+	873.549)	/	2 )
=	1159.321	/	825.7065
=	1.40

Zhejiang Jingxing Paper JSC (SZSE:002067) 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.

Zhejiang Jingxing Paper JSC'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
	=	825.7065	/	1159.321	*	365 / 4
	=	64.99

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.

Zhejiang Jingxing Paper JSC'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 )
	=	825.7065	/	1265.318
	=	0.65

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.

Zhejiang Jingxing Paper JSC Inventory Turnover Related Terms

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Zhejiang Jingxing Paper JSC (SZSE:002067) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Zhejiang Jingxing Paper JSC Ltd (SZSE:002067) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Caoqiao Town, Zhejiang Province, Pinghu, CHN, 314214

Website

http://www.zjjxjt.com

Zhejiang Jingxing Paper JSC Ltd is a Chinese company operating in the paper and packaging industry. It manufactures paper and paper products. The company's products include kraft paper, white craft paper, high strength Corrugating medium, bobbin paper, cardboard boxes, household paper products, and other products.

Executives

Zhu Zai Long	Director
Shen Shou Xian	Supervisors
Liu Chun Xiang	Director
Nie Rong Kun	Director
Sheng Xiao Ying	Director
Wang Wei Min	Director
Lu Fu Gui	Supervisors
Zhu Xi Kun	Independent director, within six months of separat

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