Shenzhen Fuanna Bedding and Furnishing Co (SZSE:002327) Inventory Turnover : 0.40 (As of Mar. 2024)

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What is Shenzhen Fuanna Bedding and Furnishing 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. Shenzhen Fuanna Bedding and Furnishing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥299 Mil. Shenzhen Fuanna Bedding and Furnishing Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥741 Mil. Shenzhen Fuanna Bedding and Furnishing Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Fuanna Bedding and Furnishing Co's Days Inventory for the three months ended in Mar. 2024 was 226.40.

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. Shenzhen Fuanna Bedding and Furnishing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.14.

Shenzhen Fuanna Bedding and Furnishing Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Fuanna Bedding and Furnishing 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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Shenzhen Fuanna Bedding and Furnishing Co Inventory Turnover Chart

Shenzhen Fuanna Bedding and Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.62

1.77

1.94

1.84

Shenzhen Fuanna Bedding and Furnishing 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															0.38	0.41	0.38	0.63	0.40

Shenzhen Fuanna Bedding and Furnishing Co Inventory Turnover Calculation

Shenzhen Fuanna Bedding and Furnishing 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 )
=	1344.282	/ (	(759.728	+	701.245)	/	2 )
=	1344.282	/	730.4865
=	1.84

Shenzhen Fuanna Bedding and Furnishing 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 )
=	298.599	/ (	(701.245	+	780.454)	/	2 )
=	298.599	/	740.8495
=	0.40

Shenzhen Fuanna Bedding and Furnishing Co (SZSE:002327) 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.

Shenzhen Fuanna Bedding and Furnishing 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
	=	740.8495	/	298.599	*	365 / 4
	=	226.40

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.

Shenzhen Fuanna Bedding and Furnishing 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 )
	=	740.8495	/	652.075
	=	1.14

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.

Shenzhen Fuanna Bedding and Furnishing Co Inventory Turnover Related Terms

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Shenzhen Fuanna Bedding and Furnishing Co (SZSE:002327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhen Fuanna Bedding and Furnishing Co Ltd (SZSE:002327) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Entrepreneur Nanyou Avenue West Road, Building 1, Bicycle Processing Factory, Nanshan District, Guangdong, Shenzhen, CHN, 518054

Website

http://www.fuanna.com.cn

Shenzhen Fuanna Bedding and Furnishing Co Ltd is a Chinese company involved in the home textile industry. It operates under four main brands: Fuanna, Bravo, Versai and St Foire.

Executives

Wang Kui	Executives
Lin Guo Fang	Directors, executives
He Xue Qing	Directors, executives
Chen Guo Hong	Directors, executives
Ming Chun	Supervisors
Zhang Mei	Supervisors
Tai Jian Shu	Executives
Xiao Lin Chun	Executives
Hu Zhen Chao	Directors, executives
Wei Yin Rui	Executives
Mei Lian Qing	Directors, executives

Shenzhen Fuanna Bedding and Furnishing Co (SZSE:002327) Headlines

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