Jason Furniture (Hangzhou) Co (SHSE:603816) Inventory Turnover : 1.54 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Jason Furniture (Hangzhou) 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. Jason Furniture (Hangzhou) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,911 Mil. Jason Furniture (Hangzhou) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,897 Mil. Jason Furniture (Hangzhou) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jason Furniture (Hangzhou) Co's Days Inventory for the three months ended in Mar. 2024 was 59.44.

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. Jason Furniture (Hangzhou) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Jason Furniture (Hangzhou) Co Inventory Turnover Historical Data

The historical data trend for Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co Inventory Turnover Chart

Jason Furniture (Hangzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.95

5.65

6.05

5.76

6.70

Jason Furniture (Hangzhou) 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															1.49	2.00	2.01	1.78	1.54

Jason Furniture (Hangzhou) Co Inventory Turnover Calculation

Jason Furniture (Hangzhou) 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 )
=	12904.193	/ (	(1883.289	+	1967.646)	/	2 )
=	12904.193	/	1925.4675
=	6.70

Jason Furniture (Hangzhou) 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 )
=	2911.333	/ (	(1967.646	+	1825.372)	/	2 )
=	2911.333	/	1896.509
=	1.54

Jason Furniture (Hangzhou) Co (SHSE:603816) 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.

Jason Furniture (Hangzhou) 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
	=	1896.509	/	2911.333	*	365 / 4
	=	59.44

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.

Jason Furniture (Hangzhou) 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 )
	=	1896.509	/	4350.447
	=	0.44

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.

Jason Furniture (Hangzhou) Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Jason Furniture (Hangzhou) Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jason Furniture (Hangzhou) Co (SHSE:603816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jason Furniture (Hangzhou) Co Ltd (SHSE:603816) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN

Website

http://www.kukahome.com

Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the home furnishing industry. The group researches, develops, produces and sales home appliances in the living room and bedroom. The product offered by the group includes leather Sofas, Recliner Chairs, Fabric Sofas, Beds, Mattresses, Dining Chairs, Barstools, and others. Geographically, it operates through china however its products are sold in both Chinese and international market.

Jason Furniture (Hangzhou) Co (SHSE:603816) Headlines

No Headlines