Jin Medical International (Jin Medical International) Change In Inventory : $1.56 Mil (TTM As of Sep. 2023)

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What is Jin Medical International Change In Inventory?

Jin Medical International's change in inventory for the quarter that ended in Sep. 2023 was $1.11 Mil. It means Jin Medical International's inventory declined by $1.11 Mil from Mar. 2023 to Sep. 2023 .

Jin Medical International's change in inventory for the fiscal year that ended in Sep. 2023 was $1.56 Mil. It means Jin Medical International's inventory declined by $1.56 Mil from Sep. 2022 to Sep. 2023 .

Jin Medical International's Total Inventories for the quarter that ended in Sep. 2023 was $5.05 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jin Medical International's Days Inventory for the quarter that ended in Sep. 2023 was 167.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jin Medical International's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.09.

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. Jin Medical International's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.60.

Jin Medical International Change In Inventory Historical Data

The historical data trend for Jin Medical International's Change In Inventory can be seen below:

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Jin Medical International Change In Inventory Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Change In Inventory

-1.37

0.46

-0.50

1.56

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial			1.51	-0.92	0.41	0.45	1.11

Jin Medical International Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.56 Mil.

Jin Medical International (NAS:ZJYL) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Jin Medical International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5.781	/	6.314	*	365 / 2
	=	167.09

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Jin Medical International's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.314	/	5.781
	=	1.09

3. 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.

Jin Medical International's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.781	/	9.568
	=	0.60

Jin Medical International Change In Inventory Related Terms

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Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.