Jiangsufety Group Co (SHSE:603028) Inventory Turnover : 1.16 (As of Mar. 2024)

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What is Jiangsufety Group 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. Jiangsufety Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥269 Mil. Jiangsufety Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥232 Mil. Jiangsufety Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsufety Group Co's Days Inventory for the three months ended in Mar. 2024 was 78.91.

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. Jiangsufety Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

Jiangsufety Group Co Inventory Turnover Historical Data

The historical data trend for Jiangsufety Group 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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Jiangsufety Group Co Inventory Turnover Chart

Jiangsufety Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.60

3.78

4.31

3.49

7.10

Jiangsufety Group Co Quarterly Data
	Jun19	Sep19	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															1.19	1.98	1.42	1.23	1.16

Jiangsufety Group Co Inventory Turnover Calculation

Jiangsufety Group Co'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 )
=	1412.214	/ (	(191.319	+	206.236)	/	2 )
=	1412.214	/	198.7775
=	7.10

Jiangsufety Group Co'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 )
=	268.823	/ (	(206.236	+	258.704)	/	2 )
=	268.823	/	232.47
=	1.16

Jiangsufety Group Co (SHSE:603028) 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.

Jiangsufety Group Co'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
	=	232.47	/	268.823	*	365 / 4
	=	78.91

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.

Jiangsufety Group Co'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 )
	=	232.47	/	279.831
	=	0.83

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.

Jiangsufety Group Co Inventory Turnover Related Terms

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Jiangsufety Group Co (SHSE:603028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Safety Group Co Ltd (SHSE:603028) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 151, Furong Zhongsan Road, XiShan Economic Development Zone, Jiangsu, Wuxi, CHN, 214192

Website

http://www.jf-safety.com

Jiangsu Safety Wire Rope Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.

Executives

Shen Sheng Quan	Director
Cui Zi Feng	Director
Zhao Zu Yin	senior management
Deng Wei	Director
Lin Zhu Ying	Director
Yang Yue Min	Director
Liu Hong Gang	Director
Bai Shu Qing	Director
Hu Wen Lin	Director
Wu Hai Feng	Director
Cui Zhi Qiang	Director

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