Jinlongyu Group Co (SZSE:002882) Inventory Turnover : 0.93 (As of Mar. 2024)

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What is Jinlongyu Group 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. Jinlongyu Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥598 Mil. Jinlongyu Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥645 Mil. Jinlongyu Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinlongyu Group Co's Days Inventory for the three months ended in Mar. 2024 was 98.42.

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. Jinlongyu Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

Jinlongyu Group Co Inventory Turnover Historical Data

The historical data trend for Jinlongyu Group 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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Jinlongyu Group Co Inventory Turnover Chart

Jinlongyu Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.37

4.68

5.77

5.05

5.75

Jinlongyu Group 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															0.93	1.26	1.21	1.54	0.93

Jinlongyu Group Co Inventory Turnover Calculation

Jinlongyu Group 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 )
=	3412.212	/ (	(598.179	+	588.343)	/	2 )
=	3412.212	/	593.261
=	5.75

Jinlongyu Group 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 )
=	597.893	/ (	(588.343	+	701.377)	/	2 )
=	597.893	/	644.86
=	0.93

Jinlongyu Group Co (SZSE:002882) 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.

Jinlongyu Group 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
	=	644.86	/	597.893	*	365 / 4
	=	98.42

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.

Jinlongyu Group 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 )
	=	644.86	/	685.17
	=	0.94

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.

Jinlongyu Group Co Inventory Turnover Related Terms

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Jinlongyu Group Co (SZSE:002882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jinlongyu Group Co Ltd (SZSE:002882) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Phuket Sheung Shui Road, Jinlong Yu Group Industrial Park, Longgang District, Guangdong Province, Shenzhen, CHN, 518112

Website

http://Www.szjly.com

Jinlongyu Group Co Ltd is a wire and cable manufacturing company in South China. The principal business activities of the company include research and development, production, sales and service of wire and cable. Its main wire and cable products mainly include polyethylene insulated power cable, insulated PVC sheathed power cable, overhead insulated cables, steel core aluminum stranded wire, copper - aluminum core power cable and computer cables and control cables. The products of Jinlongyu Group are exported to a number of countries and regions such as Singapore, Australia, Hong Kong, among others.

Executives

Ji Xing Dan	Directors, executives
Xia Lan	Directors, executives
Feng Bo	Executives
Lu Zhi Cai	Directors, executives
Zhou Yong Hua	Executives
Zheng Kang Jun	Director
Xiong Zhong Hong	Executives
Li Si Xi	Director
Ji Gui Xin	Supervisors

Jinlongyu Group Co (SZSE:002882) Headlines

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