Shenzhen Feima International Supply Chain Co (SZSE:002210) Inventory Turnover : 1.95 (As of Mar. 2024)

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What is Shenzhen Feima International Supply Chain 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. Shenzhen Feima International Supply Chain Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥44.4 Mil. Shenzhen Feima International Supply Chain Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥22.8 Mil. Shenzhen Feima International Supply Chain Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Feima International Supply Chain Co's Days Inventory for the three months ended in Mar. 2024 was 46.88.

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. Shenzhen Feima International Supply Chain Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.37.

Shenzhen Feima International Supply Chain Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Feima International Supply Chain 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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Shenzhen Feima International Supply Chain Co Inventory Turnover Chart

Shenzhen Feima International Supply Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.99

5.96

6.34

9.70

11.12

Shenzhen Feima International Supply Chain 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															2.03	3.19	2.12	2.07	1.95

Shenzhen Feima International Supply Chain Co Inventory Turnover Calculation

Shenzhen Feima International Supply Chain 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 )
=	280.738	/ (	(27.909	+	22.573)	/	2 )
=	280.738	/	25.241
=	11.12

Shenzhen Feima International Supply Chain 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 )
=	44.387	/ (	(22.573	+	23.037)	/	2 )
=	44.387	/	22.805
=	1.95

Shenzhen Feima International Supply Chain Co (SZSE:002210) 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.

Shenzhen Feima International Supply Chain 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
	=	22.805	/	44.387	*	365 / 4
	=	46.88

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.

Shenzhen Feima International Supply Chain 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 )
	=	22.805	/	62.213
	=	0.37

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.

Shenzhen Feima International Supply Chain Co Inventory Turnover Related Terms

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Shenzhen Feima International Supply Chain Co (SZSE:002210) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shenzhen Feima International Supply Chain Co Ltd (SZSE:002210) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

26th Floor, Shennan Avenue, Sunshine Golf Builing, Futian District, Shenzhen, CHN, 518040

Website

http://www.fmscm.com

Shenzhen Feima International Supply Chain Co Ltd is a supply chain service provider. The service offered by the group include coal supply chain services, plastic supply chain services and non-ferrous metal supply chain services.

Executives

Zhao Zi Jun	Director
Yan Jin Fa	Independent director
Huang Shan Min	Directors, executives
Cao Jie	Directors, executives
Zhan Shuang	Supervisors
Qiao Kang	Supervisors
Zhao Zi Min	Supervisors
Wang Li Mei	Director
Luo Zhao Liang	Supervisors
Yin Jian	Director
Huang Zhuang Mian	Directors, executives
Huang Tao	Executives

Shenzhen Feima International Supply Chain Co (SZSE:002210) Headlines

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