Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Inventory Turnover : 31.76 (As of Mar. 2024)

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What is Shanghai Jin Jiang International Hotel (Group) 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. Shanghai Jin Jiang International Hotel (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,072 Mil. Shanghai Jin Jiang International Hotel (Group) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥65 Mil. Shanghai Jin Jiang International Hotel (Group) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 31.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Jin Jiang International Hotel (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 2.87.

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. Shanghai Jin Jiang International Hotel (Group) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Shanghai Jin Jiang International Hotel (Group) Co Inventory Turnover Historical Data

The historical data trend for Shanghai Jin Jiang International Hotel (Group) 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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Shanghai Jin Jiang International Hotel (Group) Co Inventory Turnover Chart

Shanghai Jin Jiang International Hotel (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.61

85.88

100.15

104.24

126.33

Shanghai Jin Jiang International Hotel (Group) 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															29.06	33.68	38.92	34.46	31.76

Shanghai Jin Jiang International Hotel (Group) Co Inventory Turnover Calculation

Shanghai Jin Jiang International Hotel (Group) 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 )
=	8498.37	/ (	(68.04	+	66.507)	/	2 )
=	8498.37	/	67.2735
=	126.33

Shanghai Jin Jiang International Hotel (Group) 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 )
=	2071.913	/ (	(66.507	+	63.966)	/	2 )
=	2071.913	/	65.2365
=	31.76

Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) 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.

Shanghai Jin Jiang International Hotel (Group) 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
	=	65.2365	/	2071.913	*	365 / 4
	=	2.87

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.

Shanghai Jin Jiang International Hotel (Group) 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 )
	=	65.2365	/	3206.218
	=	0.02

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.

Shanghai Jin Jiang International Hotel (Group) Co Inventory Turnover Related Terms

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Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang International Hotel (Group) Co Ltd (SHSE:600754) » Definitions » Inventory Turnover

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Traded in Other Exchanges

900934:China

Address

No. 100 Yan an East Road, 26th Floor, Union Building, Shanghai, CHN

Website

http://www.jinjianghotels.com.cn

Shanghai Jin Jiang International Hotel (Group) Co Ltd is one of the leading hotel group in China, engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. The group operates a wide range of hotels, including full-service hotels and select service hotels.

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