J&T Global Express (FRA:J92) Inventory Turnover : 159.69 (As of Dec. 2023)

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What is J&T Global Express 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. J&T Global Express's Cost of Goods Sold for the six months ended in Dec. 2023 was €4,163 Mil. J&T Global Express's Average Total Inventories for the quarter that ended in Dec. 2023 was €26 Mil. J&T Global Express's Inventory Turnover for the quarter that ended in Dec. 2023 was 159.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. J&T Global Express's Days Inventory for the six months ended in Dec. 2023 was 1.14.

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. J&T Global Express's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

J&T Global Express Inventory Turnover Historical Data

The historical data trend for J&T Global Express'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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J&T Global Express Inventory Turnover Chart

J&T Global Express Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

112.63

244.31

266.14

258.80

J&T Global Express Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			-	126.29	139.74	148.32	159.69

J&T Global Express Inventory Turnover Calculation

J&T Global Express'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 )
=	7681.207	/ (	(27.489	+	31.871)	/	2 )
=	7681.207	/	29.68
=	258.80

J&T Global Express's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4162.771	/ (	(20.265	+	31.871)	/	2 )
=	4162.771	/	26.068
=	159.69

J&T Global Express (FRA:J92) 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.

J&T Global Express's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	26.068	/	4162.771	*	365 / 2
	=	1.14

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.

J&T Global Express's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	26.068	/	4418.851
	=	0.01

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.

J&T Global Express Inventory Turnover Related Terms

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J&T Global Express (FRA:J92) Business Description

Industry

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Traded in Other Exchanges

01519:Hong Kong

Address

1777 Hualong Road, Room 1001, Block A, Tower 5, Huaxinzhen, Qingpu, Shanghai, CHN

Website

https://www.jtexpress.com

J&T Global Express Ltd is a global logistics service provider with the leading express delivery business in Southeast Asia. Its express delivery services span 13 countries, which include the largest and fastest-growing express delivery emerging markets globally. It provides express delivery services to leading e-commerce platforms, enabling the rapid development of its partners as they expand into new markets.

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