Shenzhen Agricultural Power Group Co (SZSE:000061) Inventory Turnover : 0.80 (As of Mar. 2024)

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What is Shenzhen Agricultural Power 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. Shenzhen Agricultural Power Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥717 Mil. Shenzhen Agricultural Power Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥896 Mil. Shenzhen Agricultural Power Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Agricultural Power Group Co's Days Inventory for the three months ended in Mar. 2024 was 114.11.

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 Agricultural Power Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.

Shenzhen Agricultural Power Group Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Agricultural Power 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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Shenzhen Agricultural Power Group Co Inventory Turnover Chart

Shenzhen Agricultural Power Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.08

3.16

3.43

3.58

4.50

Shenzhen Agricultural Power Group 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															1.09	1.07	0.93	1.10	0.80

Shenzhen Agricultural Power Group Co Inventory Turnover Calculation

Shenzhen Agricultural Power 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 )
=	3941.13	/ (	(849.319	+	903.037)	/	2 )
=	3941.13	/	876.178
=	4.50

Shenzhen Agricultural Power 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 )
=	716.622	/ (	(903.037	+	889.189)	/	2 )
=	716.622	/	896.113
=	0.80

Shenzhen Agricultural Power Group Co (SZSE:000061) 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 Agricultural Power 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
	=	896.113	/	716.622	*	365 / 4
	=	114.11

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 Agricultural Power 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 )
	=	896.113	/	1049.93
	=	0.85

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 Agricultural Power Group Co Inventory Turnover Related Terms

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Shenzhen Agricultural Power Group Co (SZSE:000061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Shenzhen Agricultural Power Group Co Ltd (SZSE:000061) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1021 Buji Road, Tianle Building, 22F, Luohu District, Shenzhen, Guangdong, CHN, 518019

Website

http://www.szap.com

Shenzhen Agricultural Products Co Ltd is engaged in investment, development, construction, operation, and management of agricultural products.

Executives

Chen Xiao Hua	Directors, executives
Chen Shao Qun	Director
Shen Hua	Executives
Liu Xiong Jia	Secretary Dong
Zhang Jian	Executives
Liu Guang Yang	Executives
Chen Yang Sheng	Directors, executives
Lu Jian Min	Supervisors
Hu Xiang Hai	Directors, executives
Wan Xiao Ning	Director
Liu Sui Yi	Supervisors
Wang Xing Yi	Independent director
Ceng Pai	Directors, executives
Zhu Jun Ming	Director
Lin Xi Bin	Executives

Shenzhen Agricultural Power Group Co (SZSE:000061) Headlines

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