Zhang Xiaoquan (SZSE:301055) Inventory Turnover : 0.82 (As of Mar. 2024)

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What is Zhang Xiaoquan 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. Zhang Xiaoquan's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥136.0 Mil. Zhang Xiaoquan's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥165.0 Mil. Zhang Xiaoquan's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhang Xiaoquan's Days Inventory for the three months ended in Mar. 2024 was 110.72.

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. Zhang Xiaoquan's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

Zhang Xiaoquan Inventory Turnover Historical Data

The historical data trend for Zhang Xiaoquan'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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Zhang Xiaoquan Inventory Turnover Chart

Zhang Xiaoquan Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.93

3.07

3.43

3.37

3.40

Zhang Xiaoquan Quarterly Data
	Dec17	Dec18	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															0.81	0.75	0.73	0.97	0.82

Zhang Xiaoquan Inventory Turnover Calculation

Zhang Xiaoquan'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 )
=	522.79	/ (	(148.524	+	159.203)	/	2 )
=	522.79	/	153.8635
=	3.40

Zhang Xiaoquan'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 )
=	135.988	/ (	(159.203	+	170.798)	/	2 )
=	135.988	/	165.0005
=	0.82

Zhang Xiaoquan (SZSE:301055) 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.

Zhang Xiaoquan'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
	=	165.0005	/	135.988	*	365 / 4
	=	110.72

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.

Zhang Xiaoquan'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 )
	=	165.0005	/	213.183
	=	0.77

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.

Zhang Xiaoquan Inventory Turnover Related Terms

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Zhang Xiaoquan (SZSE:301055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhang Xiaoquan Inc (SZSE:301055) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 8, Wuxing Road, Dongzhou Street, Fuyang District, Zhejiang Province, Hangzhou, CHN, 311401

Website

http://www.zhangxiaoquan.cn

Zhang Xiaoquan Inc is a is a modern living hardware company integrating design, research and development, production, sales and service. It offers home kitchen products, personal care products, garden and agronomic products, hotel kitchen utensils and others to consumers at home and abroad.

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