Sichuan Biokin Pharmaceutical Co (SHSE:688506) Inventory Turnover : 0.40 (As of Mar. 2024)

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What is Sichuan Biokin Pharmaceutical 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. Sichuan Biokin Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥59 Mil. Sichuan Biokin Pharmaceutical Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥147 Mil. Sichuan Biokin Pharmaceutical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Biokin Pharmaceutical Co's Days Inventory for the three months ended in Mar. 2024 was 227.50.

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. Sichuan Biokin Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Sichuan Biokin Pharmaceutical Co Inventory Turnover Historical Data

The historical data trend for Sichuan Biokin Pharmaceutical 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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Sichuan Biokin Pharmaceutical Co Inventory Turnover Chart

Sichuan Biokin Pharmaceutical Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.07

2.81

2.67

2.53

1.89

Sichuan Biokin Pharmaceutical Co Quarterly Data
	Dec11	Dec12	Dec13	Dec14	Jun15	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.42	0.51	0.24	0.61	0.40

Sichuan Biokin Pharmaceutical Co Inventory Turnover Calculation

Sichuan Biokin Pharmaceutical 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 )
=	229.284	/ (	(101.327	+	140.908)	/	2 )
=	229.284	/	121.1175
=	1.89

Sichuan Biokin Pharmaceutical 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 )
=	58.920999999999	/ (	(140.908	+	152.891)	/	2 )
=	58.920999999999	/	146.8995
=	0.40

Sichuan Biokin Pharmaceutical Co (SHSE:688506) 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.

Sichuan Biokin Pharmaceutical 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
	=	146.8995	/	58.920999999999	*	365 / 4
	=	227.50

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.

Sichuan Biokin Pharmaceutical 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 )
	=	146.8995	/	5462.123
	=	0.03

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.

Sichuan Biokin Pharmaceutical Co Inventory Turnover Related Terms

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Sichuan Biokin Pharmaceutical Co (SHSE:688506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sichuan Biokin Pharmaceutical Co Ltd (SHSE:688506) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 161, Baili Road, No. 1, Building 1, Cross-strait Science and Technology Industrial Park, Wenjiang District, Sichuan Province, Chengdu, CHN, 611130

Website

http://www.baili-pharm.com

Sichuan Biokin Pharmaceutical Co Ltd is a chemical drug and biological drug-based company that integrates drug research and development, production and marketing.

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