Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Inventory Turnover : 0.33 (As of Mar. 2024)

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What is Zhongfu Straits (Pingtan) Development 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. Zhongfu Straits (Pingtan) Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥587 Mil. Zhongfu Straits (Pingtan) Development Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,766 Mil. Zhongfu Straits (Pingtan) Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhongfu Straits (Pingtan) Development Co's Days Inventory for the three months ended in Mar. 2024 was 274.47.

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. Zhongfu Straits (Pingtan) Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.93.

Zhongfu Straits (Pingtan) Development Co Inventory Turnover Historical Data

The historical data trend for Zhongfu Straits (Pingtan) Development 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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Zhongfu Straits (Pingtan) Development Co Inventory Turnover Chart

Zhongfu Straits (Pingtan) Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.39

0.48

0.68

0.55

0.59

Zhongfu Straits (Pingtan) Development 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															0.13	0.15	0.14	0.17	0.33

Zhongfu Straits (Pingtan) Development Co Inventory Turnover Calculation

Zhongfu Straits (Pingtan) Development 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 )
=	1150.612	/ (	(1994.934	+	1931.738)	/	2 )
=	1150.612	/	1963.336
=	0.59

Zhongfu Straits (Pingtan) Development 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 )
=	587.205	/ (	(1931.738	+	1600.756)	/	2 )
=	587.205	/	1766.247
=	0.33

Zhongfu Straits (Pingtan) Development Co (SZSE:000592) 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.

Zhongfu Straits (Pingtan) Development 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
	=	1766.247	/	587.205	*	365 / 4
	=	274.47

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.

Zhongfu Straits (Pingtan) Development 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 )
	=	1766.247	/	602.851
	=	2.93

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.

Zhongfu Straits (Pingtan) Development Co Inventory Turnover Related Terms

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Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Zhongfu Straits (Pingtan) Development Co Ltd (SZSE:000592) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 159 Wusi Road, 23th Floor, World Golden Dragon Building, Gulou District, Fujian Province, Fuzhou, CHN, 350001

Website

http://www.000592.com

Zhongfu Straits (Pingtan) Development Company Ltd operates in the forest products industry in China. The company is engaged in design and construction of garden landscape engineering, municipal engineering, interior decoration engineering; housing lease; property management, and foreign trade.

Executives

Chen Xi	Securities Affairs Representative
Wang Zhi Ming	Director
Liu Ping Shan	Director
Li Jin Hua	Independent director
Hong Yue Hua	Executives
Chen De He	Director

Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Headlines

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