Eastroc Beverage (Group) Co (SHSE:605499) Inventory Turnover : 3.92 (As of Mar. 2024)

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What is Eastroc Beverage (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. Eastroc Beverage (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,993 Mil. Eastroc Beverage (Group) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥508 Mil. Eastroc Beverage (Group) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eastroc Beverage (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 23.27.

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. Eastroc Beverage (Group) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Eastroc Beverage (Group) Co Inventory Turnover Historical Data

The historical data trend for Eastroc Beverage (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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Eastroc Beverage (Group) Co Inventory Turnover Chart

Eastroc Beverage (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.43

11.43

12.67

13.36

13.32

Eastroc Beverage (Group) Co Quarterly Data
	Dec17	Dec18	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															3.82	4.82	5.92	3.46	3.92

Eastroc Beverage (Group) Co Inventory Turnover Calculation

Eastroc Beverage (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 )
=	6411.654	/ (	(394.22	+	568.601)	/	2 )
=	6411.654	/	481.4105
=	13.32

Eastroc Beverage (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 )
=	1992.82	/ (	(568.601	+	447.998)	/	2 )
=	1992.82	/	508.2995
=	3.92

Eastroc Beverage (Group) Co (SHSE:605499) 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.

Eastroc Beverage (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
	=	508.2995	/	1992.82	*	365 / 4
	=	23.27

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.

Eastroc Beverage (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 )
	=	508.2995	/	3482.168
	=	0.15

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.

Eastroc Beverage (Group) Co Inventory Turnover Related Terms

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Eastroc Beverage (Group) Co (SHSE:605499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Eastroc Beverage (Group) Co Ltd (SHSE:605499) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 142, Zhuguang North Road, Taoyuan Street, 1st Floor, Building 3, Zhongguan Honghualing Industrial West Zone, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.szeastroc.com

Eastroc Beverage (Group) Co Ltd is engaged in the research and development, production and sales of beverages.

Eastroc Beverage (Group) Co (SHSE:605499) Headlines

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