Lanzhou Foci Pharmaceutical Co (SZSE:002644) Inventory Turnover : 0.36 (As of Sep. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Lanzhou Foci Pharmaceutical 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. Lanzhou Foci Pharmaceutical Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥146.8 Mil. Lanzhou Foci Pharmaceutical Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥411.8 Mil. Lanzhou Foci Pharmaceutical Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lanzhou Foci Pharmaceutical Co's Days Inventory for the three months ended in Sep. 2024 was 256.05.

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. Lanzhou Foci Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.96.

Lanzhou Foci Pharmaceutical Co Inventory Turnover Historical Data

The historical data trend for Lanzhou Foci Pharmaceutical 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.

* Premium members only.

Lanzhou Foci Pharmaceutical Co Inventory Turnover Chart

Lanzhou Foci Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.75

1.84

2.30

2.37

2.19

Lanzhou Foci Pharmaceutical 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															0.50	0.48	0.50	0.37	0.36

Lanzhou Foci Pharmaceutical Co Inventory Turnover Calculation

Lanzhou Foci Pharmaceutical 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 )
=	801.838	/ (	(363.256	+	369.72)	/	2 )
=	801.838	/	366.488
=	2.19

Lanzhou Foci Pharmaceutical 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 )
=	146.761	/ (	(418.136	+	405.499)	/	2 )
=	146.761	/	411.8175
=	0.36

Lanzhou Foci Pharmaceutical Co (SZSE:002644) 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.

Lanzhou Foci Pharmaceutical 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
	=	411.8175	/	146.761	*	365 / 4
	=	256.05

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.

Lanzhou Foci Pharmaceutical 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 )
	=	411.8175	/	209.651
	=	1.96

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.

Lanzhou Foci Pharmaceutical Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Lanzhou Foci Pharmaceutical Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Lanzhou Foci Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lanzhou Foci Pharmaceutical Co Ltd (SZSE:002644) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

68 Foci Street ChangGuan Region, Lanzhou, CHN, 730046

Website

http://www.fczy.com

Lanzhou Foci Pharmaceutical Co Ltd is a pharmaceutical company based in China. The company is engaged in the production and sales of Chinese traditional medicine. In addition to manufacturing, the company also conducts research to develop new herbal drugs. Its product portfolio consists of concentrated pills, granules, hard capsules, concentrated decoctions and medicinal wine. The products of the company are exported to more than 27 countries including the United States, Canada, Japan, Australian, Russia, Ukraine, among others.

Executives

Sun Yu	Directors, executives
Su Wen Bo	Supervisors
An Wen Ting	Securities Affairs Representative

Lanzhou Foci Pharmaceutical Co Headlines

No Headlines