Jiangsu Feiliks International Logistics (SZSE:300240) Inventory Turnover : 19.81 (As of Mar. 2024)

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What is Jiangsu Feiliks International Logistics 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 Feiliks International Logistics's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,444 Mil. Jiangsu Feiliks International Logistics's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥73 Mil. Jiangsu Feiliks International Logistics's Inventory Turnover for the quarter that ended in Mar. 2024 was 19.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Feiliks International Logistics's Days Inventory for the three months ended in Mar. 2024 was 4.61.

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 Feiliks International Logistics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Jiangsu Feiliks International Logistics Inventory Turnover Historical Data

The historical data trend for Jiangsu Feiliks International Logistics'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 Feiliks International Logistics Inventory Turnover Chart

Jiangsu Feiliks International Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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24.37

31.19

35.94

34.17

50.98

Jiangsu Feiliks International Logistics 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															9.98	13.40	17.28	20.40	19.81

Jiangsu Feiliks International Logistics Inventory Turnover Calculation

Jiangsu Feiliks International Logistics'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 )
=	4617.213	/ (	(105.937	+	75.188)	/	2 )
=	4617.213	/	90.5625
=	50.98

Jiangsu Feiliks International Logistics'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 )
=	1444.233	/ (	(75.188	+	70.606)	/	2 )
=	1444.233	/	72.897
=	19.81

Jiangsu Feiliks International Logistics (SZSE:300240) 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 Feiliks International Logistics'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
	=	72.897	/	1444.233	*	365 / 4
	=	4.61

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 Feiliks International Logistics'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 )
	=	72.897	/	1540.539
	=	0.05

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 Feiliks International Logistics Inventory Turnover Related Terms

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Jiangsu Feiliks International Logistics (SZSE:300240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jiangsu Feiliks International Logistics Inc (SZSE:300240) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999 Meigui Road, Kunshan Economic and Technical Development Zone, Jiangsu Province, Kunshan, CHN, 215300

Website

http://www.feiliks.com

Jiangsu Feiliks International Logistics Inc. focuses on integrated cargo terminals, container transportation, inland freight, express services, and international freight forwarding agency services.

Executives

Geng Hao	Directors, executives
Tang Jun Hong	Executives
Zhou Li Hong	Supervisors
Feng Guo Kai	Supervisors
Shen Li Ming	Director
Yao Qin	Directors, executives
Wu You Yi	Director
Sun Xue Hai	Supervisors
Zhao Yi Fei	Independent director
Fang Xiao Qing	Directors, executives
Dong Zhong Lang	Independent director
Liu Shi Jie	Supervisors
Yin Ling	Executives
Shen Li Li	Executives
Chu Jing	Executives

Jiangsu Feiliks International Logistics (SZSE:300240) Headlines

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