Jiangsu Yangnong Chemical Co (SHSE:600486) Inventory Turnover : 1.62 (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Jiangsu Yangnong Chemical 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. Jiangsu Yangnong Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,403 Mil. Jiangsu Yangnong Chemical Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,485 Mil. Jiangsu Yangnong Chemical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Yangnong Chemical Co's Days Inventory for the three months ended in Mar. 2024 was 56.40.

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. Jiangsu Yangnong Chemical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Jiangsu Yangnong Chemical Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Yangnong Chemical 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.

* Premium members only.

Jiangsu Yangnong Chemical Co Inventory Turnover Chart

Jiangsu Yangnong Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.00

4.44

5.21

5.95

4.65

Jiangsu Yangnong Chemical 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															1.94	1.50	1.31	1.17	1.62

Jiangsu Yangnong Chemical Co Inventory Turnover Calculation

Jiangsu Yangnong Chemical 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 )
=	8539.146	/ (	(2084.484	+	1589.84)	/	2 )
=	8539.146	/	1837.162
=	4.65

Jiangsu Yangnong Chemical 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 )
=	2402.728	/ (	(1589.84	+	1380.241)	/	2 )
=	2402.728	/	1485.0405
=	1.62

Jiangsu Yangnong Chemical Co (SHSE:600486) 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.

Jiangsu Yangnong Chemical 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
	=	1485.0405	/	2402.728	*	365 / 4
	=	56.40

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.

Jiangsu Yangnong Chemical 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 )
	=	1485.0405	/	3175.722
	=	0.47

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.

Jiangsu Yangnong Chemical Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Jiangsu Yangnong Chemical Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Yangnong Chemical Co (SHSE:600486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jiangsu Yangnong Chemical Co Ltd (SHSE:600486) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39 Wenfeng Road, Yangzhou, Jiangsu, CHN, 225009

Website

http://www.yngf.com

Jiangsu Yangnong Chemical Co Ltd is an agrochemical producer in China. It is specialized in the production of pyrethroids, pesticides and fine chemicals. The product offerings of the company include Perfluthrin, Bioallethrin, Tefluthrin, and Tribenuron among others.

Executives

Kong Yong	senior management
Li Chang Qing	senior management
Wang Dong Chao	senior management
Wang Ming Kun	senior management
Wu Xiao Ju	Directors, senior managers
Lu Dong Sheng	senior management
Li An Ming	senior management
Jiang You Fa	senior management
Shen Yang	senior management
Zhang Qing Ping	Supervisors
Wu Jian Min	Director

Jiangsu Yangnong Chemical Co (SHSE:600486) Headlines

No Headlines