YONFER Agricultural Technology Co (SZSE:000902) Inventory Turnover : 0.93 (As of Mar. 2024)

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What is YONFER Agricultural Technology 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. YONFER Agricultural Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,735 Mil. YONFER Agricultural Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,946 Mil. YONFER Agricultural Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. YONFER Agricultural Technology Co's Days Inventory for the three months ended in Mar. 2024 was 98.27.

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. YONFER Agricultural Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.88.

YONFER Agricultural Technology Co Inventory Turnover Historical Data

The historical data trend for YONFER Agricultural Technology 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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YONFER Agricultural Technology Co Inventory Turnover Chart

YONFER Agricultural Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.94

3.64

4.11

4.65

4.34

YONFER Agricultural Technology 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															1.24	1.19	1.50	1.17	0.93

YONFER Agricultural Technology Co Inventory Turnover Calculation

YONFER Agricultural Technology 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 )
=	12851.495	/ (	(3216.625	+	2700.507)	/	2 )
=	12851.495	/	2958.566
=	4.34

YONFER Agricultural Technology 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 )
=	2735.347	/ (	(2700.507	+	3191.023)	/	2 )
=	2735.347	/	2945.765
=	0.93

YONFER Agricultural Technology Co (SZSE:000902) 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.

YONFER Agricultural Technology 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
	=	2945.765	/	2735.347	*	365 / 4
	=	98.27

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.

YONFER Agricultural Technology 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 )
	=	2945.765	/	3334.772
	=	0.88

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.

YONFER Agricultural Technology Co Inventory Turnover Related Terms

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YONFER Agricultural Technology Co (SZSE:000902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » YONFER Agricultural Technology Co Ltd (SZSE:000902) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 North Yuelianghu Road, Hubei Province, Jingmen, CHN, 448000

Website

https://www.yonfer.com

YONFER Agricultural Technology Co Ltd is engaged in the research, development, production, and sales of high-concentration phosphate compound fertilizers and new fertilizers, as well as modern agriculture-related technologies, equipment, and products. It offers ammonium phosphate, phosphate fertilizer, compound fertilizer, organic-inorganic compound fertilizer, bio-organic fertilizer, microbial fertilizer, sulfuric acid, and others.

Executives

Su Bin	Executives
Yang Cai Bin	Director
Tang San Zhou	Executives
Wei Wan Cheng	Executives
Zhang Hong Qiang	Supervisors
Yang Lei	Executives
Li Zhong Hai	Executives
Wei Wan Hua	Executives
Yang Cai Xue	Director
Huang Yi Qing	Director
Liang Yong	Director

YONFER Agricultural Technology Co (SZSE:000902) Headlines

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