Fujian Yongan Forestry Group Co (SZSE:000663) Inventory Turnover : 0.11 (As of Mar. 2024)

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What is Fujian Yongan Forestry 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. Fujian Yongan Forestry Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥52.0 Mil. Fujian Yongan Forestry Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥470.3 Mil. Fujian Yongan Forestry Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fujian Yongan Forestry Group Co's Days Inventory for the three months ended in Mar. 2024 was 825.69.

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. Fujian Yongan Forestry Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 8.30.

Fujian Yongan Forestry Group Co Inventory Turnover Historical Data

The historical data trend for Fujian Yongan Forestry 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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Fujian Yongan Forestry Group Co Inventory Turnover Chart

Fujian Yongan Forestry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.69

0.64

0.55

0.73

0.76

Fujian Yongan Forestry 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															0.14	0.19	0.17	0.28	0.11

Fujian Yongan Forestry Group Co Inventory Turnover Calculation

Fujian Yongan Forestry 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 )
=	383.615	/ (	(537.319	+	467.651)	/	2 )
=	383.615	/	502.485
=	0.76

Fujian Yongan Forestry 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 )
=	51.979	/ (	(467.651	+	473.032)	/	2 )
=	51.979	/	470.3415
=	0.11

Fujian Yongan Forestry Group Co (SZSE:000663) 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.

Fujian Yongan Forestry 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
	=	470.3415	/	51.979	*	365 / 4
	=	825.69

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.

Fujian Yongan Forestry 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 )
	=	470.3415	/	56.697
	=	8.30

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.

Fujian Yongan Forestry Group Co Inventory Turnover Related Terms

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Fujian Yongan Forestry Group Co (SZSE:000663) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Fujian Yongan Forestry Group Co Ltd (SZSE:000663) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 819, Yanjiang East Road, Fujian Province, Yong'an, CHN, 366000

Website

http://www.yonglin.com

Fujian Yongan Forestry Group Co Ltd is engaged in the manufacturing and sale of forest products primarily in China. Its product portfolio includes forest products, Yonglin blue panther floor, wood, medium density fiberboard, plywood, formaldehyde adhesives, pine oil products, natural vanillin, and seedlings.

Executives

Liu Xiang Hui	Executives
Su Jia Xu	Director
Lin Qing Wen	Supervisors
Chen Zhen Zong	Directors, executives
Dong Yong Ping	Directors, executives
Lin Hui Qin	Supervisors
Huang Zhong Ming	Executives
Qiu An Bin	Supervisors
Huang Zong He	Directors, executives

Fujian Yongan Forestry Group Co (SZSE:000663) Headlines

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