CJ Bioscience (XKRX:311690) Inventory Turnover : 4.15 (As of Dec. 2024)

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What is CJ Bioscience 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. CJ Bioscience's Cost of Goods Sold for the three months ended in Dec. 2024 was ₩787 Mil. CJ Bioscience's Average Total Inventories for the quarter that ended in Dec. 2024 was ₩189 Mil. CJ Bioscience's Inventory Turnover for the quarter that ended in Dec. 2024 was 4.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CJ Bioscience's Days Inventory for the three months ended in Dec. 2024 was 21.97.

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. CJ Bioscience's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.20.

CJ Bioscience Inventory Turnover Historical Data

The historical data trend for CJ Bioscience'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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CJ Bioscience Inventory Turnover Chart

CJ Bioscience Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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12.51

10.62

24.05

31.90

21.64

CJ Bioscience Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															7.36	3.91	3.23	3.10	4.15

CJ Bioscience Inventory Turnover Calculation

CJ Bioscience's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	3101.165	/ (	(157.82	+	128.752)	/	2 )
=	3101.165	/	143.286
=	21.64

CJ Bioscience's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	787.102	/ (	(250.208	+	128.752)	/	2 )
=	787.102	/	189.48
=	4.15

CJ Bioscience (XKRX:311690) 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.

CJ Bioscience's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	189.48	/	787.102	*	365 / 4
	=	21.97

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.

CJ Bioscience's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	189.48	/	941.253
	=	0.20

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.

CJ Bioscience Inventory Turnover Related Terms

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CJ Bioscience Business Description

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Address

7th floor, Grand Central Building B, 14 Sejong-Daero, Jung-gu, Seoul, KOR

Website

https://www.cjbioscience.com

CJ Bioscience Inc is engaged in directing a healthy life based on microbiological research. It presents directions and solutions to all fields of research on the microbiome, such as academia in the bioinformatics field, R&D centers of hospitals and research institutes, and NGS (next-generation sequencing) service companies. Its services includes NGS, EZBioCloud, Healthcare among others.

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