Luoxin Pharmaceuticals Group Stock Co (SZSE:002793) Inventory Turnover : 1.00 (As of Mar. 2024)

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What is Luoxin Pharmaceuticals Group Stock 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. Luoxin Pharmaceuticals Group Stock Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥436 Mil. Luoxin Pharmaceuticals Group Stock Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥438 Mil. Luoxin Pharmaceuticals Group Stock Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Luoxin Pharmaceuticals Group Stock Co's Days Inventory for the three months ended in Mar. 2024 was 91.54.

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. Luoxin Pharmaceuticals Group Stock Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.64.

Luoxin Pharmaceuticals Group Stock Co Inventory Turnover Historical Data

The historical data trend for Luoxin Pharmaceuticals Group Stock 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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Luoxin Pharmaceuticals Group Stock Co Inventory Turnover Chart

Luoxin Pharmaceuticals Group Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.78

4.07

4.76

3.77

2.23

Luoxin Pharmaceuticals Group Stock 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															0.56	0.52	0.52	0.60	1.00

Luoxin Pharmaceuticals Group Stock Co Inventory Turnover Calculation

Luoxin Pharmaceuticals Group Stock 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 )
=	1269.917	/ (	(684.986	+	455.611)	/	2 )
=	1269.917	/	570.2985
=	2.23

Luoxin Pharmaceuticals Group Stock 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 )
=	436.305	/ (	(455.611	+	419.729)	/	2 )
=	436.305	/	437.67
=	1.00

Luoxin Pharmaceuticals Group Stock Co (SZSE:002793) 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.

Luoxin Pharmaceuticals Group Stock 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
	=	437.67	/	436.305	*	365 / 4
	=	91.54

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.

Luoxin Pharmaceuticals Group Stock 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 )
	=	437.67	/	688.729
	=	0.64

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.

Luoxin Pharmaceuticals Group Stock Co Inventory Turnover Related Terms

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Luoxin Pharmaceuticals Group Stock Co (SZSE:002793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Luoxin Pharmaceuticals Group Stock Co Ltd (SZSE:002793) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

85 Faraday Road, Floor 1-3, Building 1, Building 2, Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

http://www.luoxin.cn

Luoxin Pharmaceuticals Group Stock Co Ltd is a pharmaceutical enterprise engaged in research and development, production, and trade of new drugs. It manufactures drugs for various diseases including tumor, respiratory, gastrointestinal, endocrine, cardiovascular, nervous system, antimicrobial infection, among others.

Executives

Ye Bang Mi	Supervisors
Fang Xiu Bao	Directors, executives
Zhu Fu Lin	Directors, executives
Chen Li	Supervisors
Yao Liang	Directors, executives

Luoxin Pharmaceuticals Group Stock Co (SZSE:002793) Headlines

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