Shenzhen Cereals Holdings Co (SZSE:000019) Inventory Turnover : 0.25 (As of Mar. 2024)

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What is Shenzhen Cereals Holdings 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. Shenzhen Cereals Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥868 Mil. Shenzhen Cereals Holdings Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,415 Mil. Shenzhen Cereals Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Cereals Holdings Co's Days Inventory for the three months ended in Mar. 2024 was 358.85.

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. Shenzhen Cereals Holdings Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.18.

Shenzhen Cereals Holdings Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Cereals Holdings 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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Shenzhen Cereals Holdings Co Inventory Turnover Chart

Shenzhen Cereals Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.39

3.31

2.58

2.03

1.48

Shenzhen Cereals Holdings 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															0.30	0.34	0.39	0.44	0.25

Shenzhen Cereals Holdings Co Inventory Turnover Calculation

Shenzhen Cereals Holdings 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 )
=	5228.845	/ (	(3599.042	+	3458.444)	/	2 )
=	5228.845	/	3528.743
=	1.48

Shenzhen Cereals Holdings 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 )
=	868.329	/ (	(3458.444	+	3371.155)	/	2 )
=	868.329	/	3414.7995
=	0.25

Shenzhen Cereals Holdings Co (SZSE:000019) 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.

Shenzhen Cereals Holdings 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
	=	3414.7995	/	868.329	*	365 / 4
	=	358.85

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.

Shenzhen Cereals Holdings 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 )
	=	3414.7995	/	1072.963
	=	3.18

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.

Shenzhen Cereals Holdings Co Inventory Turnover Related Terms

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Shenzhen Cereals Holdings Co (SZSE:000019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shenzhen Cereals Holdings Co Ltd (SZSE:000019) » Definitions » Inventory Turnover

Traded in Other Exchanges

200019:China

Address

No. 9 Fuhong Road, 13th Floor, Tower A, World Trade Plaza, Futian District, Shenzhen, CHN, 518033

Website

http://www.slkg1949.com

Shenzhen Cereals Holdings Co Ltd is in the business of tea refining and tea sales, tea e-commerce, food and beverage, research and development. Its products include instant tea powder, juice, oyster sauce, chicken and seafood sauce, lemon tea, herbal tea, and other drinks. The company sells its products under the brand names of Golden eagle, Jufangyong, Gutan, Fuhai tong, Mitsui, Shenbao and others. It focuses on tea industry development, established industrial chain involving tea cultivation, purified tea, tea extract, tea cultural experience, e-commerce, tea trading platform, and finance. The company is also engaged in grain and oil processing and sale of flour, rice, cooking oil and other products.

Executives

Chen Can Song	Independent director
Fan Zhi Qing	Independent director
Yan Ze Song	Executives, directors
Li Fang	Executives
Yao Xiao Peng	Executives
Li Yi Yan	Directors, executives
Wang Zhi Ping	Executives
Zheng Yu Xi	Director
Lin Hong	Supervisors

Shenzhen Cereals Holdings Co (SZSE:000019) Headlines

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