Jiangsu Shagang Co (SZSE:002075) Inventory Turnover : 1.44 (As of Sep. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Jiangsu Shagang 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. Jiangsu Shagang Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥3,095 Mil. Jiangsu Shagang Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥2,148 Mil. Jiangsu Shagang Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Shagang Co's Days Inventory for the three months ended in Sep. 2024 was 63.34.

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. Jiangsu Shagang Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.68.

Jiangsu Shagang Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Shagang 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.

Jiangsu Shagang Co Inventory Turnover Chart

Jiangsu Shagang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

7.26

7.53

7.92

7.88

6.85

Jiangsu Shagang 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															2.01	1.86	1.67	1.73	1.44

Jiangsu Shagang Co Inventory Turnover Calculation

Jiangsu Shagang 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 )
=	14448.187	/ (	(2093.429	+	2124.119)	/	2 )
=	14448.187	/	2108.774
=	6.85

Jiangsu Shagang 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 )
=	3095.124	/ (	(2146.678	+	2150.242)	/	2 )
=	3095.124	/	2148.46
=	1.44

Jiangsu Shagang Co (SZSE:002075) 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.

Jiangsu Shagang 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
	=	2148.46	/	3095.124	*	365 / 4
	=	63.34

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.

Jiangsu Shagang 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 )
	=	2148.46	/	3147.546
	=	0.68

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.

Jiangsu Shagang Co Inventory Turnover Related Terms

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

Jiangsu Shagang Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Shagang Co Ltd (SZSE:002075) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Jinfeng Town, Shagang Building, Jiangsu, Zhangjiagang, CHN, 215625

Website

http://www.sha-steel.com

Jiangsu Shagang Co Ltd is engaged in ferrous metal smelting and rolling processing of steel products. It can produce diameter 280-800mm continuous casting round billet, rolled product specifications cover 12-300mm round bar and up to 300mm x 110mm, 250mm x 110mm Flat steel, annual output of spring steel, bearing steel, ship anchor chain steel, alloy billet steel, automotive steel and other special steel 3.2 million tons, the products sell well at home and abroad, used in automobiles, railways, petroleum, marine, mining, Coal, energy, machinery manufacturing and other industries.

Executives

Gao Wen Ping	Supervisors
Wang Zhen Lin	Directors, executives
Nie Wei	Supervisors
Di Ming Yong	Supervisors
Li Jing Hua	Director
Zhou Jian Qing	Directors, executives
Guo Zhao Xiang	Directors, executives
Xu Jun	Executives

Jiangsu Shagang Co Headlines

No Headlines