Jiangsu Yanghe Distillery Co (SZSE:002304) Inventory Turnover : 0.09 (As of Sep. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Jiangsu Yanghe Distillery 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 Yanghe Distillery Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,567 Mil. Jiangsu Yanghe Distillery Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥18,262 Mil. Jiangsu Yanghe Distillery Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Yanghe Distillery Co's Days Inventory for the three months ended in Sep. 2024 was 1,063.60.

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 Yanghe Distillery Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 3.94.

Jiangsu Yanghe Distillery Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Yanghe Distillery 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 Yanghe Distillery Co Inventory Turnover Chart

Jiangsu Yanghe Distillery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.47

0.40

0.44

0.45

Jiangsu Yanghe Distillery 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															0.13	0.05	0.22	0.10	0.09

Jiangsu Yanghe Distillery Co Inventory Turnover Calculation

Jiangsu Yanghe Distillery 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 )
=	8200.246	/ (	(17729.259	+	18954.235)	/	2 )
=	8200.246	/	18341.747
=	0.45

Jiangsu Yanghe Distillery 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 )
=	1566.787	/ (	(18007.546	+	18517.209)	/	2 )
=	1566.787	/	18262.3775
=	0.09

Jiangsu Yanghe Distillery Co (SZSE:002304) 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 Yanghe Distillery 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
	=	18262.3775	/	1566.787	*	365 / 4
	=	1,063.60

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 Yanghe Distillery 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 )
	=	18262.3775	/	4640.734
	=	3.94

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 Yanghe Distillery Co Inventory Turnover Related Terms

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

Jiangsu Yanghe Distillery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu Yanghe Distillery Co Ltd (SZSE:002304) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 118 Middle Avenue, Yanghe Town, Jiangsu Province, Suqian, CHN, 223800

Website

https://www.chinayanghe.com

Jiangsu Yanghe Brewery, founded in 2002, manufactures and markets baijiu (a distilled Chinese liquor) under the Yanghe, Shuanggou, and Sujiu brands. Yanghe's key products include the Blue Classic series, which accounted for about 80% of total sales, such as premium Dream Blue, mid- to high-end Sky Blue, and mass-market Ocean Blue. The company achieved revenue of CNY 33 billion in 2023, with more than half of sales from the non-Jiangsu market, leveraging its more than 8,000 distributors across China.

Executives

Zheng Bu Jun	Executives
Wang Kai	Director
Cong Xue Nian	Directors, Directors, and Executives
Zhou Xin Hu	Directors, executives
Zhu Wei	Executives
Wang Yao	Director
Zhou Wen Qi	Supervisors
Han Feng	Director
Zan Rui Lin	Director
Feng Pan Tai	Supervisors
Chen Tai Qing	Supervisors
Zhu Guang Sheng	Directors, executives
Zan Sheng Da	Director
Gao Xue Fei	Supervisors
Zhang Yu Bai	Directors, executives

Jiangsu Yanghe Distillery Co Headlines

No Headlines