JA Solar Technology Co (SZSE:002459) Inventory Turnover : 0.99 (As of Mar. 2024)

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What is JA Solar Technology 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. JA Solar Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥15,164 Mil. JA Solar Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥15,376 Mil. JA Solar Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JA Solar Technology Co's Days Inventory for the three months ended in Mar. 2024 was 92.52.

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. JA Solar Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.96.

JA Solar Technology Co Inventory Turnover Historical Data

The historical data trend for JA Solar Technology 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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JA Solar Technology Co Inventory Turnover Chart

JA Solar Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.13

5.57

5.45

6.26

5.06

JA Solar Technology 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															1.40	1.27	0.98	1.20	0.99

JA Solar Technology Co Inventory Turnover Calculation

JA Solar Technology 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 )
=	66773.075	/ (	(11909.306	+	14471.852)	/	2 )
=	66773.075	/	13190.579
=	5.06

JA Solar Technology 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 )
=	15163.842	/ (	(14471.852	+	16279.307)	/	2 )
=	15163.842	/	15375.5795
=	0.99

JA Solar Technology Co (SZSE:002459) 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.

JA Solar Technology 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
	=	15375.5795	/	15163.842	*	365 / 4
	=	92.52

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.

JA Solar Technology 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 )
	=	15375.5795	/	15971.497
	=	0.96

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.

JA Solar Technology Co Inventory Turnover Related Terms

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JA Solar Technology Co (SZSE:002459) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » JA Solar Technology Co Ltd (SZSE:002459) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

East Auto Museum Road, Building 8, Noble Center, Fengtai District, Beijing, CHN, 100160

Website

http://www.jasolar.com

JA Solar Technology Co Ltd is engaged in production and sales of silicon wafers, solar cells and solar cell modules, as well as the development, construction and operation of solar photovoltaic power stations. The company produces monocrystalline silicon rods and monocrystalline silicon wafers; solar cells and modules; research and development of solar products; sales of solar cells, modules and related products and raw materials; solar photovoltaic grid-connected power generation and sales of electricity.

Executives

Cao Yang Feng	Director
Zhang Li	Directors, executives
Cui Qian	Supervisors
Zhang Hao Yi	Directors, executives
Wang Jin Xiang	Executives
Zhu Xin Sheng	Director
Wang Xiang Dong	Supervisors
Yang Zhi Bao	Executives
Yang Qing Fen	Director
Huang Yi Cheng	Director
Xu Bo	Directors, executives
Yang Zhen Zhong	Supervisors
Xue Jian Min	Executives
Feng Huan Fu	Executives
Li Tian Nong	Executives

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