Jinxin Fertility Group (HKSE:01951) Inventory Turnover : 15.46 (As of Dec. 2023)

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What is Jinxin Fertility Group 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. Jinxin Fertility Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$923 Mil. Jinxin Fertility Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$60 Mil. Jinxin Fertility Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 15.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinxin Fertility Group's Days Inventory for the six months ended in Dec. 2023 was 11.81.

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. Jinxin Fertility Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Jinxin Fertility Group Inventory Turnover Historical Data

The historical data trend for Jinxin Fertility Group'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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Jinxin Fertility Group Inventory Turnover Chart

Jinxin Fertility Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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38.71

34.44

29.87

26.17

25.55

Jinxin Fertility Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									16.96	15.85	16.25	13.92	15.46

Jinxin Fertility Group Inventory Turnover Calculation

Jinxin Fertility Group'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 )
=	1764.774	/ (	(69.845	+	68.282)	/	2 )
=	1764.774	/	69.0635
=	25.55

Jinxin Fertility Group'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 )
=	923.022	/ (	(51.13	+	68.282)	/	2 )
=	923.022	/	59.706
=	15.46

Jinxin Fertility Group (HKSE:01951) 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.

Jinxin Fertility Group'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
	=	59.706	/	923.022	*	365 / 2
	=	11.81

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.

Jinxin Fertility Group'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 )
	=	59.706	/	1591.453
	=	0.04

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.

Jinxin Fertility Group Inventory Turnover Related Terms

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Jinxin Fertility Group (HKSE:01951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jinxin Fertility Group Ltd (HKSE:01951) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3NX:Germany

Address

No. 301, North Jingsha Road, Jinjiang District, Sichuan, Chengdu, CHN

Website

https://www.jxr-fertility.com

Jinxin Fertility Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in providing IVF services in both China and the United States. The firm generates its revenue from Assisted reproductive services, management services, and ancillary medical services. Geographically, it generates a majority of its revenue from the People's Republic of China.

Executives

Jinxin Fertility Investment Group Limited	2101 Beneficial owner
Hrc Investment Holding, Llc
Hhlr Advisors, Ltd.	2102 Investment manager
Hhlr Fund, L.p.	2101 Beneficial owner
Morgan Stanley	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Gaoling Fund, L.p.	2101 Beneficial owner

Jinxin Fertility Group (HKSE:01951) Headlines

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