Xiamen Xiangyu Co (SHSE:600057) Inventory Turnover : 3.49 (As of Mar. 2024)

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What is Xiamen Xiangyu Co 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. Xiamen Xiangyu Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥102,638 Mil. Xiamen Xiangyu Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥29,425 Mil. Xiamen Xiangyu Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiamen Xiangyu Co's Days Inventory for the three months ended in Mar. 2024 was 26.16.

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. Xiamen Xiangyu Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

Xiamen Xiangyu Co Inventory Turnover Historical Data

The historical data trend for Xiamen Xiangyu Co'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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Xiamen Xiangyu Co Inventory Turnover Chart

Xiamen Xiangyu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.35

17.53

20.76

20.77

16.16

Xiamen Xiangyu Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.41	2.45	3.99	3.15	3.49

Xiamen Xiangyu Co Inventory Turnover Calculation

Xiamen Xiangyu Co'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 )
=	450207.74	/ (	(28520.231	+	27202.095)	/	2 )
=	450207.74	/	27861.163
=	16.16

Xiamen Xiangyu Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	102638.121	/ (	(27202.095	+	31648.558)	/	2 )
=	102638.121	/	29425.3265
=	3.49

Xiamen Xiangyu Co (SHSE:600057) 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.

Xiamen Xiangyu Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	29425.3265	/	102638.121	*	365 / 4
	=	26.16

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.

Xiamen Xiangyu Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	29425.3265	/	104568.011
	=	0.28

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.

Xiamen Xiangyu Co Inventory Turnover Related Terms

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Xiamen Xiangyu Co (SHSE:600057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xiamen Xiangyu Co Ltd (SHSE:600057) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2F, Yinsheng Mansion, No.21 Xiangxing Forth Road, Free Trade Zone, Modern Logistic, Xiamen, Fujian, CHN, 361006

Website

http://www.xiangyu.cn

Xiamen Xiangyu Co Ltd provides supply chain and circulation services in the People's Republic of China. It supplies plastic chemicals, agricultural products, metallic ores, forest products, and mechanical and electrical products. The company also offers various integrated logistics services comprising the international purchase and distribution, international multimodal transport, domestic door-to-door logistics and financial logistics.

Executives

Tong Xiao Qing	senior management
Liao Jie	senior management
Deng Qi Dong	Director
Cheng Yi Liang	senior management
Zhang Jun Tian	senior management
Qi Wei Dong	Directors, senior managers
Chen Dai Zhen	senior management
Fan Cheng Yang	senior management
Zhang Shui Li	Director
Chen Fang	Director
Xiao Jing Qin	senior management
Zhang Yue Duan	senior management
Gao Chen Xia	senior management
Lu Jiang	Supervisors
Ma Zhong Da	Supervisors

Xiamen Xiangyu Co (SHSE:600057) Headlines

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