JSTI Group (SZSE:300284) Inventory Turnover : 8.57 (As of Mar. 2024)

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What is JSTI Group 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. JSTI Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥665 Mil. JSTI Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥78 Mil. JSTI Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JSTI Group's Days Inventory for the three months ended in Mar. 2024 was 10.65.

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. JSTI Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

JSTI Group Inventory Turnover Historical Data

The historical data trend for JSTI Group'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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JSTI Group Inventory Turnover Chart

JSTI Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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68.51

69.16

46.22

50.08

47.11

JSTI Group 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															10.81	12.10	13.85	17.78	8.57

JSTI Group Inventory Turnover Calculation

JSTI Group'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 )
=	3378.291	/ (	(57.548	+	85.873)	/	2 )
=	3378.291	/	71.7105
=	47.11

JSTI Group'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 )
=	664.84	/ (	(85.873	+	69.269)	/	2 )
=	664.84	/	77.571
=	8.57

JSTI Group (SZSE:300284) 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.

JSTI Group'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
	=	77.571	/	664.84	*	365 / 4
	=	10.65

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.

JSTI Group'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 )
	=	77.571	/	889.158
	=	0.09

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.

JSTI Group Inventory Turnover Related Terms

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JSTI Group (SZSE:300284) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

233 Shui Xi Men Street, Nanjing, CHN, 210017

Website

http://www.jstri.com

JSTI Group is a global engineering consulting firm. The company's services include planning consultation, survey and design, test and inspection, project and construction management and urban management optimization, engineering and architecture, risk management of natural disasters, design, supervision, and maintenance of hydraulic infrastructures. The company offers its services for highway, rail, maritime, aviation, water, environment, architecture, industry, and government fields, as well as smart cities.

Executives

Zhu Xiao Ning	Directors, executives
Wang Jun Hua	Director
Pan Ling Song	Secretary Dong
Fu Guan Hua	Director
Ma Jian Biao	Executives
Zhang Hai Jun	Executives
Zhu Shao Wei	Directors, executives
Cao Rong Ji	Executives
Liang Xin Zheng	Executives
Li Da Peng	Executives
Wang Jia Qiang	Executives

JSTI Group (SZSE:300284) Headlines

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