Zhongxin Fruit and Juice (SGX:5EG) Inventory Turnover : 0.58 (As of Dec. 2023)

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What is Zhongxin Fruit and Juice 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. Zhongxin Fruit and Juice's Cost of Goods Sold for the six months ended in Dec. 2023 was S$8.90 Mil. Zhongxin Fruit and Juice's Average Total Inventories for the quarter that ended in Dec. 2023 was S$15.43 Mil. Zhongxin Fruit and Juice's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhongxin Fruit and Juice's Days Inventory for the six months ended in Dec. 2023 was 316.30.

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. Zhongxin Fruit and Juice's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.41.

Zhongxin Fruit and Juice Inventory Turnover Historical Data

The historical data trend for Zhongxin Fruit and Juice'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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Zhongxin Fruit and Juice Inventory Turnover Chart

Zhongxin Fruit and Juice Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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7.08

10.25

3.13

2.71

2.59

Zhongxin Fruit and Juice Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.08	0.85	0.74	0.84	0.58

Zhongxin Fruit and Juice Inventory Turnover Calculation

Zhongxin Fruit and Juice's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	17.017	/ (	(5.814	+	7.349)	/	2 )
=	17.017	/	6.5815
=	2.59

Zhongxin Fruit and Juice'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 )
=	8.9	/ (	(7.349	+	23.501)	/	2 )
=	8.9	/	15.425
=	0.58

Zhongxin Fruit and Juice (SGX:5EG) 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.

Zhongxin Fruit and Juice'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
	=	15.425	/	8.9	*	365 / 2
	=	316.30

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.

Zhongxin Fruit and Juice'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 )
	=	15.425	/	10.903
	=	1.41

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.

Zhongxin Fruit and Juice Inventory Turnover Related Terms

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Zhongxin Fruit and Juice (SGX:5EG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Zhongxin Fruit and Juice Ltd (SGX:5EG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

25 International Business Park, No. 02-53 German Centre, Singapore, SGP, 609916

Website

Zhongxin Fruit and Juice Ltd are engaged in the production of fruit and vegetable juice concentrates and beverages. Its core business is a production of concentrated apple juice mainly for export to in the United States, European Union, South Africa, Canada, Japan and Australia. The concentrated apple juice produced is used as an ingredient in packet juice drinks, soft drinks, cider, yoghurt, and candies. The company also produces animal feed using apple pomace generated from the production process of apple juice concentrate.

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