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J-Long Group (J-Long Group) Inventory Turnover : 6.81 (As of Mar. 2023)


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What is J-Long 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. J-Long Group's Cost of Goods Sold for the six months ended in Mar. 2023 was $28.25 Mil. J-Long Group's Average Total Inventories for the quarter that ended in Mar. 2023 was $4.15 Mil. J-Long Group's Inventory Turnover for the quarter that ended in Mar. 2023 was 6.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. J-Long Group's Days Inventory for the six months ended in Mar. 2023 was 26.79.

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-Long Group's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.11.

J-Long Group Inventory Turnover Historical Data

The historical data trend for J-Long 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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J-Long Group Inventory Turnover Chart

J-Long Group Annual Data
Trend Mar21 Mar22 Mar23
Inventory Turnover
8.88 12.76 6.81

J-Long Group Semi-Annual Data
Mar21 Mar22 Mar23
Inventory Turnover 8.88 12.76 6.81

J-Long Group Inventory Turnover Calculation

J-Long Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Inventory Turnover (A: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2023 ) / ((Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count )
=28.253 / ((2.508 + 5.786) / 2 )
=28.253 / 4.147
=6.81

J-Long Group's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover (Q: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2023 ) / ((Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count )
=28.253 / ((2.508 + 5.786) / 2 )
=28.253 / 4.147
=6.81

* 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.

J-Long Group  (NAS:JL) 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-Long Group's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=4.147/28.253*365 / 2
=26.79

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-Long Group's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=4.147 / 38.292
=0.11

* 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.

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-Long Group Inventory Turnover Related Terms

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J-Long Group (J-Long Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Inventory Turnover
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Traded in Other Exchanges
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Address
32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG
Website
https://www.j-long.com
J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.

J-Long Group (J-Long Group) Headlines

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