What is Xiamen Jihong Technology Co Inventory-to-Revenue?
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. Xiamen Jihong Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥445 Mil. Xiamen Jihong Technology Co's Revenue for the
three
months ended in Mar. 2024 was ¥1,324 Mil.
Xiamen Jihong Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.
Xiamen Jihong Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
increased
from Dec. 2023 (0.25) to Dec. 2023 (0.34)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Xiamen Jihong Technology Co's Days Inventory for the
three
months ended in Mar. 2024 was 51.69.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Xiamen Jihong Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.77.
Xiamen Jihong Technology Co Inventory-to-Revenue Historical Data
* 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.
Xiamen Jihong Technology Co Inventory-to-Revenue Chart
Competitive Comparison of Xiamen Jihong Technology Co's Inventory-to-Revenue
For the Packaging & Containers subindustry, Xiamen Jihong Technology Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Xiamen Jihong Technology Co's Inventory-to-Revenue Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Xiamen Jihong Technology Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Xiamen Jihong Technology Co's Inventory-to-Revenue falls into.
Xiamen Jihong Technology Co Inventory-to-Revenue Calculation
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.
Xiamen Jihong Technology Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Xiamen Jihong Technology Co (SZSE:002803) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Xiamen Jihong Technology Co's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Xiamen Jihong Technology Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Xiamen Jihong Technology Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Xiamen Jihong Technology Co (SZSE:002803) Business Description
Xiamen Jihong Technology Co Ltd provides integrated packing solutions in China. The company designs, pre-presses, produces and distributes various packaging products, including cardboard packing, corrugate packing, rigid box, and plastic packing products. Its business categories include fast-moving consumer goods (FMCG) packaging, food packaging, frozen food packaging, electronic goods packaging, and cushion sales packaging. Its products include folding boxes for high automation assembly, window patching boxes, cold and humidity resistant boxes, rigid boxes, displays, and plastic packing.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:002803 has been successfully added to your 