Jiangshu Zhongli Group Co (SZSE:002309) Inventory Turnover : 0.79 (As of Mar. 2024)

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What is Jiangshu Zhongli Group 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. Jiangshu Zhongli Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥738 Mil. Jiangshu Zhongli Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥935 Mil. Jiangshu Zhongli Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangshu Zhongli Group Co's Days Inventory for the three months ended in Mar. 2024 was 115.65.

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. Jiangshu Zhongli Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.11.

Jiangshu Zhongli Group Co Inventory Turnover Historical Data

The historical data trend for Jiangshu Zhongli Group 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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Jiangshu Zhongli Group Co Inventory Turnover Chart

Jiangshu Zhongli Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.57

2.87

5.16

5.90

3.68

Jiangshu Zhongli Group 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															1.24	1.13	1.60	0.65	0.79

Jiangshu Zhongli Group Co Inventory Turnover Calculation

Jiangshu Zhongli Group 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 )
=	3499.854	/ (	(1016.002	+	883.888)	/	2 )
=	3499.854	/	949.945
=	3.68

Jiangshu Zhongli Group 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 )
=	737.896	/ (	(883.888	+	986.5)	/	2 )
=	737.896	/	935.194
=	0.79

Jiangshu Zhongli Group Co (SZSE:002309) 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.

Jiangshu Zhongli Group 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
	=	935.194	/	737.896	*	365 / 4
	=	115.65

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.

Jiangshu Zhongli Group 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 )
	=	935.194	/	840.308
	=	1.11

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.

Jiangshu Zhongli Group Co Inventory Turnover Related Terms

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Jiangshu Zhongli Group Co (SZSE:002309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangshu Zhongli Group Co Ltd (SZSE:002309) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.8 Changkun Road, Changshu Southeast Development Zone, Jiangsu, Shajiatun, CHN

Website

http://www.zhongli.com

Jiangshu Zhongli Group Co Ltd is specialized in fiber optic cables and photovoltaic products, including fire-resistant flexible cables, copper conductors, cable compounds, optical cables, and marine cables.

Executives

Wang Wei Feng	Directors, executives
Gong Yin	Director
Zhan Zu Gen	Director
Wang Bai Xing	Director
Zhou Jian Xin	Director
Shen Xun Xiang	Executives
Chen Bo Han	Executives
Cheng Xian	Securities affairs representatives, executives, di
Hu Chang Qing	Executives
Chen Xiao Yong	Supervisors

Jiangshu Zhongli Group Co (SZSE:002309) Headlines

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