LakeShore Biopharma Co (LakeShore Biopharma Co) Inventory Turnover : 0.26 (As of Sep. 2023)

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What is LakeShore Biopharma 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. LakeShore Biopharma Co's Cost of Goods Sold for the six months ended in Sep. 2023 was $7.15 Mil. LakeShore Biopharma Co's Average Total Inventories for the quarter that ended in Sep. 2023 was $28.03 Mil. LakeShore Biopharma Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LakeShore Biopharma Co's Days Inventory for the six months ended in Sep. 2023 was 715.40.

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. LakeShore Biopharma Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.75.

LakeShore Biopharma Co Inventory Turnover Historical Data

The historical data trend for LakeShore Biopharma 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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LakeShore Biopharma Co Inventory Turnover Chart

LakeShore Biopharma Co Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

0.73

0.95

0.84

LakeShore Biopharma Co Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			0.79	0.32	0.54	0.35	0.26

LakeShore Biopharma Co Inventory Turnover Calculation

LakeShore Biopharma Co's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	22.256	/ (	(26.244	+	26.902)	/	2 )
=	22.256	/	26.573
=	0.84

LakeShore Biopharma Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	7.151	/ (	(26.902	+	29.162)	/	2 )
=	7.151	/	28.032
=	0.26

LakeShore Biopharma Co (NAS:LSB) 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.

LakeShore Biopharma Co's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	28.032	/	7.151	*	365 / 2
	=	715.40

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.

LakeShore Biopharma Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	28.032	/	37.421
	=	0.75

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.

LakeShore Biopharma Co Inventory Turnover Related Terms

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LakeShore Biopharma Co (LakeShore Biopharma Co) Business Description

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Traded in Other Exchanges

H6Z:Germany

Address

38 Yongda Road, Building No. 2, Daxing Biomedical Industry Park, Daxing District, Beijing, CHN, 102629

Website

https://www.yishengbio.com

YS Biopharma Co Ltd is principally engaged in the research, development, manufacturing and sale of vaccines and therapeutic biologics. It developed a PIKA immunomodulating technology platform and a series of product candidates targeting rabies, hepatitis B, influenza and other indications. It is also conducting the production and sale of YSJA, a rabies vaccine, the first aluminium-free lyophilized rabies vaccine that was launched in China. It has one operating segment, which is the development, production, marketing and sale of biopharmaceutical products.