JiangSu JiuWu Hi-Tech Co (SZSE:300631) Inventory Turnover : 0.28 (As of Mar. 2024)

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What is JiangSu JiuWu Hi-Tech 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. JiangSu JiuWu Hi-Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥54.1 Mil. JiangSu JiuWu Hi-Tech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥190.2 Mil. JiangSu JiuWu Hi-Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JiangSu JiuWu Hi-Tech Co's Days Inventory for the three months ended in Mar. 2024 was 320.88.

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 JiuWu Hi-Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.34.

JiangSu JiuWu Hi-Tech Co Inventory Turnover Historical Data

The historical data trend for JiangSu JiuWu Hi-Tech 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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JiangSu JiuWu Hi-Tech Co Inventory Turnover Chart

JiangSu JiuWu Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.65

2.10

2.17

2.86

2.45

JiangSu JiuWu Hi-Tech 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															0.41	0.52	0.37	0.73	0.28

JiangSu JiuWu Hi-Tech Co Inventory Turnover Calculation

JiangSu JiuWu Hi-Tech 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 )
=	526.15	/ (	(242.271	+	187.097)	/	2 )
=	526.15	/	214.684
=	2.45

JiangSu JiuWu Hi-Tech 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 )
=	54.08	/ (	(187.097	+	193.243)	/	2 )
=	54.08	/	190.17
=	0.28

JiangSu JiuWu Hi-Tech Co (SZSE:300631) 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 JiuWu Hi-Tech 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
	=	190.17	/	54.08	*	365 / 4
	=	320.88

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 JiuWu Hi-Tech 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 )
	=	190.17	/	81.133
	=	2.34

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 JiuWu Hi-Tech Co Inventory Turnover Related Terms

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JiangSu JiuWu Hi-Tech Co (SZSE:300631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JiangSu JiuWu Hi-Tech Co Ltd (SZSE:300631) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Huqiao East Road, Jiangpu Sub District, Pukou District, Nanjing City, CHN, 211808

Website

http://www.jiuwu.com

JiangSu JiuWu Hi-Tech Co Ltd is engaged in the research and development and application of membrane separation technology. Its products include organic membranes, ceramic and organic membrane modules, membrane pilot machines, and skid-mounted devices. The company's products and technologies have been widely used in chlor-alkali chemical brine refining, petrochemical membrane catalytic reaction, coal chemical oil and water separation, purification of fine chemical products, antibiotics, and other biological products.

Executives

Jin Xin Lei	Executives
Pan Suo Liang	Executives
Cheng Heng	Directors, Directors, and Executives
Wei Xu	Executives
Wang Xiao Hu	Executives
Yang Ji Heng	Executives
Liu Fei	Director
Fang Qiu	Executives
Sun Jian	Director
Dang Jian Bing	Director

JiangSu JiuWu Hi-Tech Co (SZSE:300631) Headlines

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