Fujian Cosunter Pharmaceutical Co (SZSE:300436) Inventory Turnover : 0.33 (As of Sep. 2024)

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What is Fujian Cosunter 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. Fujian Cosunter Pharmaceutical Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥42.3 Mil. Fujian Cosunter Pharmaceutical Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥128.1 Mil. Fujian Cosunter Pharmaceutical Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fujian Cosunter Pharmaceutical Co's Days Inventory for the three months ended in Sep. 2024 was 276.62.

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. Fujian Cosunter Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.18.

Fujian Cosunter Pharmaceutical Co Inventory Turnover Historical Data

The historical data trend for Fujian Cosunter 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.

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Fujian Cosunter Pharmaceutical Co Inventory Turnover Chart

Fujian Cosunter Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.50

2.83

2.06

2.11

2.00

Fujian Cosunter 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															0.35	0.53	0.40	0.30	0.33

Fujian Cosunter Pharmaceutical Co Inventory Turnover Calculation

Fujian Cosunter 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 )
=	180.049	/ (	(68.661	+	111.476)	/	2 )
=	180.049	/	90.0685
=	2.00

Fujian Cosunter 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 )
=	42.27	/ (	(110.662	+	145.619)	/	2 )
=	42.27	/	128.1405
=	0.33

Fujian Cosunter Pharmaceutical Co (SZSE:300436) 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.

Fujian Cosunter 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
	=	128.1405	/	42.27	*	365 / 4
	=	276.62

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.

Fujian Cosunter 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 )
	=	128.1405	/	108.138
	=	1.18

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.

Fujian Cosunter Pharmaceutical Co Inventory Turnover Related Terms

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Fujian Cosunter Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Fujian Cosunter Pharmaceutical Co Ltd (SZSE:300436) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Software Park, No. 89, Software Avenue, Block B, Building 10, Zone B, Gulou District, Fujian, Fuzhou, CHN, 350003

Website

http://www.cosunter.com

Fujian Cosunter Pharmaceutical Co Ltd is a pharmaceutical company engaged in the pharmaceutical production, sales and Research and Development. Its specialized in the field of hepatitis B medicine. Its product includes Fuganding-tenofovir disoproxil fumarate capsule, Enganding-Entecavir Capsules, He Ganding-Lamifuzed tablets and Agandan-adefovir dipivoxil tablets.

Executives

Li Guo Ping	Directors, executives
Huang Fu Hu	Directors, executives
Li Hong Ming	Directors, executives
Guan Jian Hui	Executives
Lin Xiao Hui	Directors, Directors, and Executives
Ye Li Qing	Director
Li Yuan Li	Supervisors
Zheng Li Feng	Supervisors
Li Guo Dong	Directors, executives

Fujian Cosunter Pharmaceutical Co Headlines

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