Guangdong Jialong Food Co (SZSE:002495) Inventory Turnover : 1.13 (As of Sep. 2024)

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What is Guangdong Jialong Food 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. Guangdong Jialong Food Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥41.9 Mil. Guangdong Jialong Food Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥37.2 Mil. Guangdong Jialong Food Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Jialong Food Co's Days Inventory for the three months ended in Sep. 2024 was 80.99.

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. Guangdong Jialong Food Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.56.

Guangdong Jialong Food Co Inventory Turnover Historical Data

The historical data trend for Guangdong Jialong Food 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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Guangdong Jialong Food Co Inventory Turnover Chart

Guangdong Jialong Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.03

4.66

7.62

5.53

7.66

Guangdong Jialong Food 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															1.68	2.35	1.34	1.10	1.13

Guangdong Jialong Food Co Inventory Turnover Calculation

Guangdong Jialong Food 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 )
=	207.149	/ (	(35.829	+	18.274)	/	2 )
=	207.149	/	27.0515
=	7.66

Guangdong Jialong Food 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 )
=	41.941	/ (	(37.26	+	37.192)	/	2 )
=	41.941	/	37.226
=	1.13

Guangdong Jialong Food Co (SZSE:002495) 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.

Guangdong Jialong Food 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
	=	37.226	/	41.941	*	365 / 4
	=	80.99

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.

Guangdong Jialong Food 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 )
	=	37.226	/	67.031
	=	0.56

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.

Guangdong Jialong Food Co Inventory Turnover Related Terms

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Guangdong Jialong Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guangdong Jialong Food Co Ltd (SZSE:002495) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 0138, Building 256 Shangliao Park, Chiwei Industr, Jieyang, CHN

Website

http://www.gdjlfood.com

Guangdong Jialong Food Co Ltd is a private joint-stock enterprise integrating food research, development, production, and sales. The company's main products include chicken powder, chicken essence, chicken broth, custard powder, green mustard, corn bran, tomato sauce and shiitake mushrooms and lavers. Chicken powder provides consumers with safe, healthy and nutritious food.

Executives

Xu Qiao Chan	Director
Zhang Shao Fen	Supervisors
Chen Hong Xin	Directors, executives
Lin Ping Tao	Secretary, Director
Lin Zhang Qing	Supervisors
Lin Zhang Hao	Directors, executives
Lin Zhang Chun	Directors, executives

Guangdong Jialong Food Co Headlines

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