Luzhou Laojiao Co (SZSE:000568) Inventory Turnover : 0.09 (As of Mar. 2024)

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What is Luzhou Laojiao 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. Luzhou Laojiao Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,068 Mil. Luzhou Laojiao Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥11,725 Mil. Luzhou Laojiao Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Luzhou Laojiao Co's Days Inventory for the three months ended in Mar. 2024 was 1,001.37.

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. Luzhou Laojiao Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.28.

Luzhou Laojiao Co Inventory Turnover Historical Data

The historical data trend for Luzhou Laojiao 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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Luzhou Laojiao Co Inventory Turnover Chart

Luzhou Laojiao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.89

0.68

0.49

0.39

0.33

Luzhou Laojiao 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															0.09	0.08	0.08	0.09	0.09

Luzhou Laojiao Co Inventory Turnover Calculation

Luzhou Laojiao 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 )
=	3537.151	/ (	(9840.742	+	11622.044)	/	2 )
=	3537.151	/	10731.393
=	0.33

Luzhou Laojiao 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 )
=	1068.393	/ (	(11622.044	+	11826.98)	/	2 )
=	1068.393	/	11724.512
=	0.09

Luzhou Laojiao Co (SZSE:000568) 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.

Luzhou Laojiao 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
	=	11724.512	/	1068.393	*	365 / 4
	=	1,001.37

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.

Luzhou Laojiao 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 )
	=	11724.512	/	9188.402
	=	1.28

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.

Luzhou Laojiao Co Inventory Turnover Related Terms

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Luzhou Laojiao Co (SZSE:000568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Luzhou Laojiao Co Ltd (SZSE:000568) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Nanguang road, Luzhou Laojiao Marketing Network Command Center, Longmatan District, Sichuan Province, Luzhou, CHN, 646000

Website

https://www.lzlj.com

Luzhou Laojiao, or Laojiao, is one of China's leading premium baijiu producers. Its primary product, National Cellar 1573, is widely known as one of the best rich-flavored baijiu in the market, which together with Feitian Moutai and flagship Wuliangye are the top three premium products that dominate more than 90% of the high-end baijiu market. The high-quality products, extensive history, and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins. The State-Owned Assets Supervision and Administration Commission of Luzhou City controls 46% of Luzhou Laojiao.

Luzhou Laojiao Co (SZSE:000568) Headlines

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