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China Jo-Jo Drugstores's total inventories for the quarter that ended in Mar. 2024 was $16.2 Mil. China Jo-Jo Drugstores's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Mar. 2024 was $17.9 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Jo-Jo Drugstores's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-22.53.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Jo-Jo Drugstores's Days Inventory for the six months ended in Mar. 2024 was 53.80.
Inventory Turnover measures how fast the company turns over its inventory within a year. China Jo-Jo Drugstores's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.39.
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. China Jo-Jo Drugstores's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.24.
The historical data trend for China Jo-Jo Drugstores's Total Inventories 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.
China Jo-Jo Drugstores Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 12.25 | 16.97 | 16.02 | 15.31 | 16.25 |
China Jo-Jo Drugstores Semi-Annual Data | ||||||||||||||||||||
Sep14 | Mar15 | Sep15 | Mar16 | Sep16 | Mar17 | Sep17 | Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | Mar24 | |
Total Inventories | Get a 7-Day Free Trial | 16.02 | 17.20 | 15.31 | 19.59 | 16.25 |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
China Jo-Jo Drugstores (NAS:CJJD) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
China Jo-Jo Drugstores's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is
Net-Net Working Capital Per Share (Q: Mar. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (20.15 | + | 0.75 * 15.824 | + | 0.5 * 16.248 | - | 80.764 |
- | 0 | - | -1.347) | / | 1.74336 | ||
= | -22.53 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
China Jo-Jo Drugstores's Days Inventory for the six 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 |
= | 17.9195 | / | 60.792 | * | 365 / 2 | |
= | 53.80 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
China Jo-Jo Drugstores's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2024 ) | / | Average Total Inventories (Q: Mar. 2024 ) |
= | 60.792 | / | 17.9195 | |
= | 3.39 |
4. 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.
China Jo-Jo Drugstores'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 ) |
= | 17.9195 | / | 75.967 | |
= | 0.24 |
* 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.
Be Aware
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of China Jo-Jo Drugstores's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Wei Hu | officer: Chief Operating Officer | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008 |
Pingfan Wu | director | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008 |
Jiangliang He | director | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY NY 310008 |
Liu Yan | officer: Secretary | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY, ZHEJIANG PROVIN F4 310008 |
Lei Liu | director, 10 percent owner, officer: CEO, Chairman of the Board | ROOM 507-513, 5TH FLOOR,A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011 |
Ming Zhao | director, 10 percent owner, officer: Chief Financial Officer | 1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000 |
Caroline Wang | director | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008 |
Hillhouse Investment Management, Ltd. | 10 percent owner | OFFICE #122, WINDWARD 3 BUILDING, REGATTA OFFICE PARK, WEST BAY ROAD, GRAND CAYMAN E9 KY1-9006 |
Li Lei | director, 10 percent owner, officer: CEO, Chairman of the Board | 511 NE 94TH STREET MIAMI SHORES FL 33138 |
Li Qi | director, 10 percent owner, officer: Secretary | ROOM 507-513, 5TH FLOOR, A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011 |
Zhimin Su | director | 3601B THE CENTER, 989 CHANGLE ROAD SHANGHAI F4 200031 |
Genghua Gu | director | 1ST FLOOR, YUZHENG PLAZA NO.76, YUHUANGSHAN ROAD HANGZHOU, ZHEJIANG PROVINCE F4 310002 |
Taihong Guo | director | 7TH FLOOR, QINGCHUNBAO GROUP NO. 555 XIXI ROAD HANGZHOU F4 310013 |
Tchaikovsky Bennet Price Jr | other: Former Director | 11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025 |
Marc Thomas Serrio | other: Former Director | P.O. BOX 91836 PASADENA CA 91109 |
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