Fujiannmu Group Co (SZSE:000632) Inventory Turnover : 1.11 (As of Mar. 2024)

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What is Fujiannmu 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. Fujiannmu Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,534 Mil. Fujiannmu Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,177 Mil. Fujiannmu Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fujiannmu Group Co's Days Inventory for the three months ended in Mar. 2024 was 82.02.

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. Fujiannmu Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.86.

Fujiannmu Group Co Inventory Turnover Historical Data

The historical data trend for Fujiannmu 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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Fujiannmu Group Co Inventory Turnover Chart

Fujiannmu Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.29

2.45

1.98

3.22

3.78

Fujiannmu 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															0.74	1.23	0.74	1.06	1.11

Fujiannmu Group Co Inventory Turnover Calculation

Fujiannmu 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 )
=	13544.543	/ (	(3867.51	+	3296.283)	/	2 )
=	13544.543	/	3581.8965
=	3.78

Fujiannmu 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 )
=	3534.497	/ (	(3296.283	+	3057.513)	/	2 )
=	3534.497	/	3176.898
=	1.11

Fujiannmu Group Co (SZSE:000632) 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.

Fujiannmu 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
	=	3176.898	/	3534.497	*	365 / 4
	=	82.02

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.

Fujiannmu 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 )
	=	3176.898	/	3703.022
	=	0.86

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.

Fujiannmu Group Co Inventory Turnover Related Terms

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Fujiannmu Group Co (SZSE:000632) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fujian Sanmu Group Co Ltd (SZSE:000632) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 162, Junzhu Road, Development Zone, Fujian Province, Fuzhou, CHN, 350009

Website

http://www.san-mu.com

Fujian Sanmu Group Co Ltd is engaged in real estate development, operating property, operation management, and import and export trade.

Executives

Lu Shao Hui	Independent director
Gao Xu Bin	Directors, executives
Xie Ming Feng	Executives
Zhao Zheng	Supervisors
Chen Ming Sen	Independent director
Wang Han	Secretary Dong
Zheng Hui Chuan	Executives
Cai Qin Ming	Directors, executives
Liu Feng	Executives
Lan Juan	Director
Lin Hong	Director
Zheng Xing Guang	Directors, executives
Li Jian Na	Supervisors
Zhang Hong Jian	Supervisors

Fujiannmu Group Co (SZSE:000632) Headlines

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