Xiamen Jihong Technology Co (SZSE:002803) Inventory Turnover : 1.77 (As of Mar. 2024)

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What is Xiamen Jihong 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. Xiamen Jihong Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥786 Mil. Xiamen Jihong Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥445 Mil. Xiamen Jihong Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiamen Jihong Technology Co's Days Inventory for the three months ended in Mar. 2024 was 51.69.

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. Xiamen Jihong Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Xiamen Jihong Technology Co Inventory Turnover Historical Data

The historical data trend for Xiamen Jihong 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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Xiamen Jihong Technology Co Inventory Turnover Chart

Xiamen Jihong Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.56

9.38

8.95

7.04

7.60

Xiamen Jihong 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															1.65	2.22	2.28	2.24	1.77

Xiamen Jihong Technology Co Inventory Turnover Calculation

Xiamen Jihong 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 )
=	3570.914	/ (	(483.669	+	456.076)	/	2 )
=	3570.914	/	469.8725
=	7.60

Xiamen Jihong 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 )
=	786.494	/ (	(456.076	+	434.898)	/	2 )
=	786.494	/	445.487
=	1.77

Xiamen Jihong Technology Co (SZSE:002803) 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.

Xiamen Jihong 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
	=	445.487	/	786.494	*	365 / 4
	=	51.69

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.

Xiamen Jihong 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 )
	=	445.487	/	1324.458
	=	0.34

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.

Xiamen Jihong Technology Co Inventory Turnover Related Terms

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Xiamen Jihong Technology Co (SZSE:002803) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Xiamen Jihong Technology Co Ltd (SZSE:002803) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Putou Road, Dongfu Industrial Zone, Haicang District, Fujian Province, Xiamen, CHN, 361027

Website

http://www.jihong.cc

Xiamen Jihong Technology Co Ltd provides integrated packing solutions in China. The company designs, pre-presses, produces and distributes various packaging products, including cardboard packing, corrugate packing, rigid box, and plastic packing products. Its business categories include fast-moving consumer goods (FMCG) packaging, food packaging, frozen food packaging, electronic goods packaging, and cushion sales packaging. Its products include folding boxes for high automation assembly, window patching boxes, cold and humidity resistant boxes, rigid boxes, displays, and plastic packing.

Executives

Zhuang Hao	Directors, executives
Wang Ya Peng	Director
Zhang He Ping	Directors, executives
Zhuang Shu	Directors, executives
Wang Hai Ying	Supervisors

Xiamen Jihong Technology Co (SZSE:002803) Headlines

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