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JZJ Chain Drugstore (SHSE:605266) Inventory Turnover : 0.62 (As of Mar. 2024)


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What is JZJ Chain Drugstore 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. JZJ Chain Drugstore's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,519 Mil. JZJ Chain Drugstore's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,445 Mil. JZJ Chain Drugstore's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JZJ Chain Drugstore's Days Inventory for the three months ended in Mar. 2024 was 146.89.

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. JZJ Chain Drugstore's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.06.


JZJ Chain Drugstore Inventory Turnover Historical Data

The historical data trend for JZJ Chain Drugstore'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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JZJ Chain Drugstore Inventory Turnover Chart

JZJ Chain Drugstore Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.02 4.42 3.63 2.92 2.57

JZJ Chain Drugstore Quarterly Data
Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.67 0.63 0.61 0.72 0.62

JZJ Chain Drugstore Inventory Turnover Calculation

JZJ Chain Drugstore'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 )
=5822.775 / ((2165.712 + 2373.564) / 2 )
=5822.775 / 2269.638
=2.57

JZJ Chain Drugstore'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 )
=1518.786 / ((2373.564 + 2516.076) / 2 )
=1518.786 / 2444.82
=0.62

* 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.


JZJ Chain Drugstore  (SHSE:605266) 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.

JZJ Chain Drugstore'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
=2444.82/1518.786*365 / 4
=146.89

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.

JZJ Chain Drugstore'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 )
=2444.82 / 2313.982
=1.06

* 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.


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.


JZJ Chain Drugstore Inventory Turnover Related Terms

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JZJ Chain Drugstore (SHSE:605266) Business Description

Traded in Other Exchanges
N/A
Address
No. 10, Qiying Street, Union Street, Panlong District, Yunnan Province, Kunming, CHN, 650224
Jianzhijia Pharmaceutical Chain Group Co Ltd is engaged in the retail chain business of health products such as medicines, health foods, personal care products, household health products, convenience foods, and daily consumables and provides related professional services.
Executives
Jin Yu Mei Supervisors
Chai Zhi Qi senior management
Shi Yan Chun senior management
Hu Yu Ming senior management
Fang Li Supervisors
Sun Li Supervisors
Jiang Yan Yin senior management
Li Heng Director
Zhang Yun Hong Director
Wang Yan Ping Director
Lan Bo Directors, senior managers
Yan Wen senior management

JZJ Chain Drugstore (SHSE:605266) Headlines

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