Shenzhen Jieshun Science and Technology Industry Co (SZSE:002609) Inventory Turnover : 0.55 (As of Jun. 2024)

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What is Shenzhen Jieshun Science and Technology Industry 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 Jieshun Science and Technology Industry Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥230 Mil. Shenzhen Jieshun Science and Technology Industry Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥422 Mil. Shenzhen Jieshun Science and Technology Industry Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Jieshun Science and Technology Industry Co's Days Inventory for the three months ended in Jun. 2024 was 167.24.

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 Jieshun Science and Technology Industry Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.13.

Shenzhen Jieshun Science and Technology Industry Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Jieshun Science and Technology Industry 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 Jieshun Science and Technology Industry Co Inventory Turnover Chart

Shenzhen Jieshun Science and Technology Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.57

4.94

3.20

2.00

2.24

Shenzhen Jieshun Science and Technology Industry Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.57	0.50	0.86	0.34	0.55

Shenzhen Jieshun Science and Technology Industry Co Inventory Turnover Calculation

Shenzhen Jieshun Science and Technology Industry 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 )
=	961.891	/ (	(437.005	+	420.798)	/	2 )
=	961.891	/	428.9015
=	2.24

Shenzhen Jieshun Science and Technology Industry Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	230.384	/ (	(421.522	+	422.939)	/	2 )
=	230.384	/	422.2305
=	0.55

Shenzhen Jieshun Science and Technology Industry Co (SZSE:002609) 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 Jieshun Science and Technology Industry Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	422.2305	/	230.384	*	365 / 4
	=	167.24

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 Jieshun Science and Technology Industry Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	422.2305	/	373.05
	=	1.13

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.

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Shenzhen Jieshun Science and Technology Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Jieshun Science and Technology Industry Co Ltd (SZSE:002609) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Longwei Road, Meilin Street, Jieshun Technology, Futian District, Guangdong Province, Shenzhen, CHN, 518049

Website

http://www.jieshun.cn

Shenzhen Jieshun Science and Technology Industry Co Ltd is a China-based access control and management company. It offers a full range of equipment and intelligent security system solutions. The company offers products in the categories of parking management system, parking guidance system, access control system, pedestrian gate, barrier gate, and road blocker. Its solutions portfolio includes all in one card solution, turnstile with ESD testing solution, biological recognition solution, and card retriever solution.

Executives

Wang Heng Bo	Directors, executives
Zhao Yong	Directors, executives
Tang Jian	Director
Liu Cui Ying	Directors, executives
An He Nan	Independent director
Li Min	Executives
Xu Zhao Lin	Executives
He Jun	Executives
Xiong Xiang Hua	Executives
Xu Jian Sheng	Supervisors
Huang Hua Yin	Executives
Li Ran	Executives
Zhou Yu	Directors, executives
Ye Lei	Executives
Chen Yi Lin	Executives

Shenzhen Jieshun Science and Technology Industry Co Headlines

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