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CJJD (China Jo-Jo Drugstores) Total Inventories : $16.2 Mil (As of Mar. 2024)


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What is China Jo-Jo Drugstores Total Inventories?

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.


China Jo-Jo Drugstores Total Inventories Historical Data

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.

* Premium members only.

China Jo-Jo Drugstores Total Inventories Chart

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 Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.02 17.20 15.31 19.59 16.25

China Jo-Jo Drugstores Total Inventories Calculation

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.


China Jo-Jo Drugstores Total Inventories Related Terms

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China Jo-Jo Drugstores Business Description

Traded in Other Exchanges
N/A
Address
Renxin Yaju Building, Zhejiang Province, 5 Floor, 4 Gong Shu District, Hangzhou, CHN, 310008
China Jo-Jo Drugstores Inc is a retailer and distributor of pharmaceutical products. The company's operating segments include Retail drugstores, Online Pharmacy, and Drug wholesale. Retail drugstores segment sells prescription and over-the-counter medicines, TCM, dietary supplements, medical devices, and sundry items to retail customers. The online pharmacy segment sells drugs through third-party platforms such as Alibaba's Tmall, JD.com, and Amazon.com. It generates maximum revenue from the Retail drugstores segment.
Executives
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