Jiangsu Amer New Material Co (SZSE:002201) Inventory Turnover : 0.36 (As of Mar. 2024)

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What is Jiangsu Amer New Material 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 Amer New Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥201 Mil. Jiangsu Amer New Material Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥560 Mil. Jiangsu Amer New Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Amer New Material Co's Days Inventory for the three months ended in Mar. 2024 was 254.09.

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 Amer New Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.04.

Jiangsu Amer New Material Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Amer New Material 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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Jiangsu Amer New Material Co Inventory Turnover Chart

Jiangsu Amer New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.43

5.73

4.11

3.31

2.90

Jiangsu Amer New Material 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															0.62	0.93	0.38	0.59	0.36

Jiangsu Amer New Material Co Inventory Turnover Calculation

Jiangsu Amer New Material 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 )
=	1293.657	/ (	(356.522	+	536.81)	/	2 )
=	1293.657	/	446.666
=	2.90

Jiangsu Amer New Material 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 )
=	200.991	/ (	(536.81	+	582.54)	/	2 )
=	200.991	/	559.675
=	0.36

Jiangsu Amer New Material Co (SZSE:002201) 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 Amer New Material 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
	=	559.675	/	200.991	*	365 / 4
	=	254.09

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 Amer New Material 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 )
	=	559.675	/	273.814
	=	2.04

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 Amer New Material Co Inventory Turnover Related Terms

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Jiangsu Amer New Material Co (SZSE:002201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Amer New Material Co Ltd (SZSE:002201) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Zhongshan Road, Rugao, Jiangsu, CHN, 226500

Website

http://www.cjdg.com

Jiangsu Amer New Material Co Ltd is a manufacturing enterprise for advanced fiberglass textiles in China. It specializes in production and sales of glass fiber yarn, fabrics building materials, decoration materials and other textile glass fiber products and fiberglass reinforced plastic products. The company exported its products to more than 50 countries and regions, including North America, Europe, Southeast Asia, Japan and South Korea.

Executives

Hu Lin	Executives
Jiang Yong Jian	Supervisors
Ren Zheng Yong	Directors, Directors, and Executives
Gu Rou Jian	Directors, executives
Gu Qing Bo	Directors, executives
Xu Rong	Director
Feng Yong Zhao	Director
Jiang Gu	Supervisors
Liu Ding Sheng	Executives
Feng Jian Bing	Executives
Zhu Qian Xin	Supervisors
Ge Hai	Director
Wu Ping	Director

Jiangsu Amer New Material Co (SZSE:002201) Headlines

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