Fujian Sunner Development Co (SZSE:002299) Inventory Turnover : 1.19 (As of Mar. 2024)

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What is Fujian Sunner Development 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 Sunner Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,891 Mil. Fujian Sunner Development Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,258 Mil. Fujian Sunner Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fujian Sunner Development Co's Days Inventory for the three months ended in Mar. 2024 was 76.40.

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 Sunner Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

Fujian Sunner Development Co Inventory Turnover Historical Data

The historical data trend for Fujian Sunner Development 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 Sunner Development Co Inventory Turnover Chart

Fujian Sunner Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.13

5.22

5.46

5.23

4.95

Fujian Sunner Development 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															1.33	1.36	1.36	1.29	1.19

Fujian Sunner Development Co Inventory Turnover Calculation

Fujian Sunner Development 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 )
=	16533.83	/ (	(3349.342	+	3336.108)	/	2 )
=	16533.83	/	3342.725
=	4.95

Fujian Sunner Development 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 )
=	3890.951	/ (	(3336.108	+	3179.728)	/	2 )
=	3890.951	/	3257.918
=	1.19

Fujian Sunner Development Co (SZSE:002299) 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 Sunner Development 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
	=	3257.918	/	3890.951	*	365 / 4
	=	76.40

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 Sunner Development 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 )
	=	3257.918	/	4214.982
	=	0.77

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 Sunner Development Co Inventory Turnover Related Terms

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Fujian Sunner Development Co (SZSE:002299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujian Sunner Development Co Ltd (SZSE:002299) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Office Building of Shengnong Headquarters, Shilipu, Guangze County, Fujian, Nanping, CHN, 354100

Website

http://www.sunnercn.com

Fujian Sunner Development Co Ltd is a China-based company engaged in the raising and processing of chickens. The main product is frozen chicken for the fast food industry and meat wholesalers. The company is engaged in poultry, fish, and bream farming.

Executives

Fu Guang Ming	Director
Chen Rong	Directors, executives
Lin Qi Qing	Executives
Fu Fen Fang	Directors, executives
Zhou Hong	Director
Fu Xi Ming	Directors, executives
Li Wen Ji	Directors, executives
Chen Jian Hua	Directors, executives, securities affairs represen
Yan Gao Rong	Supervisors
Zhang Yu Xun	Supervisors
Liu Ya Bin	Director
Ye Wei	Supervisors
He Xiu Rong	Director

Fujian Sunner Development Co (SZSE:002299) Headlines

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