Jiuzi Holdings (Jiuzi Holdings) Inventory Turnover : 5.06 (As of Oct. 2023)

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What is Jiuzi Holdings 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. Jiuzi Holdings's Cost of Goods Sold for the six months ended in Oct. 2023 was $3.66 Mil. Jiuzi Holdings's Average Total Inventories for the quarter that ended in Oct. 2023 was $0.72 Mil. Jiuzi Holdings's Inventory Turnover for the quarter that ended in Oct. 2023 was 5.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiuzi Holdings's Days Inventory for the six months ended in Oct. 2023 was 36.09.

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. Jiuzi Holdings's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.14.

Jiuzi Holdings Inventory Turnover Historical Data

The historical data trend for Jiuzi Holdings'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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Jiuzi Holdings Inventory Turnover Chart

Jiuzi Holdings Annual Data

Trend

Oct18

Oct19

Oct20

Apr21

Oct22

Oct23

Inventory Turnover

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13.34

12.04

10.25

16.56

5.80

Jiuzi Holdings Semi-Annual Data
	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Inventory Turnover	Get a 7-Day Free Trial						-	10.68	5.13	1.67	5.06

Jiuzi Holdings Inventory Turnover Calculation

Jiuzi Holdings's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	4.592	/ (	(0.628	+	0.955)	/	2 )
=	4.592	/	0.7915
=	5.80

Jiuzi Holdings's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Apr. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	3.656	/ (	(0.491	+	0.955)	/	2 )
=	3.656	/	0.723
=	5.06

Jiuzi Holdings (NAS:JZXN) 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.

Jiuzi Holdings's Days Inventory for the six months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	0.723	/	3.656	*	365 / 2
	=	36.09

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.

Jiuzi Holdings's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	0.723	/	5.005
	=	0.14

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.

Jiuzi Holdings Inventory Turnover Related Terms

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Jiuzi Holdings (Jiuzi Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiuzi Holdings Inc (NAS:JZXN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 168 Qianjiang Nongchang Gengwen Road, 15th Floor, Economic and Technological Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 310000

Website

http://m.zjjzxny.cn

Jiuzi Holdings Inc operates as a franchise under the brand name Jiuzi. It sells new energy vehicles in third-fourth tier cities in China. The firm also sells plug-in electric vehicles on-demand from vehicle buyers. Its business segments are sales of NEVs and Franchisees service. The company generates a majority of its revenue from NEVs segment. Geographically, the firm operates in China.