Jiangsu NanFang Precision Co (SZSE:002553) Inventory Turnover : 0.91 (As of Sep. 2024)

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What is Jiangsu NanFang Precision 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 NanFang Precision Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥128.5 Mil. Jiangsu NanFang Precision Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥141.4 Mil. Jiangsu NanFang Precision Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu NanFang Precision Co's Days Inventory for the three months ended in Sep. 2024 was 100.37.

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 NanFang Precision Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.72.

Jiangsu NanFang Precision Co Inventory Turnover Historical Data

The historical data trend for Jiangsu NanFang Precision 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 NanFang Precision Co Inventory Turnover Chart

Jiangsu NanFang Precision Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.49

3.69

3.51

3.34

3.66

Jiangsu NanFang Precision 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															0.97	0.97	0.84	1.01	0.91

Jiangsu NanFang Precision Co Inventory Turnover Calculation

Jiangsu NanFang Precision 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 )
=	440.707	/ (	(113.157	+	127.344)	/	2 )
=	440.707	/	120.2505
=	3.66

Jiangsu NanFang Precision 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 )
=	128.511	/ (	(132.268	+	150.438)	/	2 )
=	128.511	/	141.353
=	0.91

Jiangsu NanFang Precision Co (SZSE:002553) 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 NanFang Precision 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
	=	141.353	/	128.511	*	365 / 4
	=	100.37

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 NanFang Precision 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 )
	=	141.353	/	195.637
	=	0.72

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 NanFang Precision Co Inventory Turnover Related Terms

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Jiangsu NanFang Precision Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu NanFang Precision Co Ltd (SZSE:002553) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 9 Longxiang Road, Wujin High-Tech Development Zone, Jiangsu, Changzhou, CHN, 213164

Website

https://www.nf-precision.com

Jiangsu NanFang Precision Co Ltd is engaged in the manufacturing and research and development of bearings and related parts in the transmission field. Its products include Needle Bearing, One-way Clutch, OAP, and Precision Machined Parts for automobile and motorcycle, and Industry.

Executives

Xu Wei Nan	Director
Zhu Chen	Supervisors
Zhou Xiao Yan	Supervisors
Zhou Xue Gang	Directors, executives
Wei Dong	Director
Cai Wei Dong	Secretary Dong
Shi Yan Min	Executives
Shi Jian Wei	Directors, executives
Jiang Xu Feng	Directors, executives
Shi Juan Hua	Director

Jiangsu NanFang Precision Co Headlines

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