Faw Jiefang Group Co (SZSE:000800) Inventory Turnover : 1.93 (As of Mar. 2024)

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What is Faw Jiefang 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. Faw Jiefang Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17,786 Mil. Faw Jiefang Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥9,233 Mil. Faw Jiefang Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Faw Jiefang Group Co's Days Inventory for the three months ended in Mar. 2024 was 47.37.

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. Faw Jiefang Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Faw Jiefang Group Co Inventory Turnover Historical Data

The historical data trend for Faw Jiefang 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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Faw Jiefang Group Co Inventory Turnover Chart

Faw Jiefang Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.33

5.21

6.08

4.50

7.52

Faw Jiefang 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															1.64	1.99	1.70	1.58	1.93

Faw Jiefang Group Co Inventory Turnover Calculation

Faw Jiefang 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 )
=	58629.635	/ (	(6382.74	+	9210.971)	/	2 )
=	58629.635	/	7796.8555
=	7.52

Faw Jiefang 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 )
=	17785.938	/ (	(9210.971	+	9254.339)	/	2 )
=	17785.938	/	9232.655
=	1.93

Faw Jiefang Group Co (SZSE:000800) 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.

Faw Jiefang 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
	=	9232.655	/	17785.938	*	365 / 4
	=	47.37

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.

Faw Jiefang 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 )
	=	9232.655	/	18980.935
	=	0.49

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.

Faw Jiefang Group Co Inventory Turnover Related Terms

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Faw Jiefang Group Co (SZSE:000800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Faw Jiefang Group Co Ltd (SZSE:000800) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 2259 Dongfeng Street, Automobile Development Zone, Changchun, Jilin, CHN, 130011

Website

http://www.fawcar.com.cn

Faw Jiefang Group Co Ltd develops its own brand of passenger cars. company's main business is the development, manufacture, and sale of passenger cars and their accessories. Some of the car models include Pentium B90, Pentium B70, Pentium B50, Pentium B30, Pentium X40, Pentium X80.

Executives

Xu Shi Li	Director
Ma Zhen Dong	Supervisors
Liu Dian Wei	Supervisors
Li Yuan Zi	Supervisors
An De Wu	Director

Faw Jiefang Group Co (SZSE:000800) Headlines

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