Jointown Pharmaceutical Group Co (SHSE:600998) Inventory Turnover : 1.99 (As of Mar. 2024)

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What is Jointown Pharmaceutical 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. Jointown Pharmaceutical Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥37,556 Mil. Jointown Pharmaceutical Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥18,897 Mil. Jointown Pharmaceutical Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jointown Pharmaceutical Group Co's Days Inventory for the three months ended in Mar. 2024 was 45.91.

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. Jointown Pharmaceutical Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Jointown Pharmaceutical Group Co Inventory Turnover Historical Data

The historical data trend for Jointown Pharmaceutical 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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Jointown Pharmaceutical Group Co Inventory Turnover Chart

Jointown Pharmaceutical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.49

7.00

7.43

7.91

7.40

Jointown Pharmaceutical 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															2.32	2.03	2.02	1.86	1.99

Jointown Pharmaceutical Group Co Inventory Turnover Calculation

Jointown Pharmaceutical 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 )
=	138028.963	/ (	(17213.083	+	20114.004)	/	2 )
=	138028.963	/	18663.5435
=	7.40

Jointown Pharmaceutical 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 )
=	37556.476	/ (	(20114.004	+	17680.141)	/	2 )
=	37556.476	/	18897.0725
=	1.99

Jointown Pharmaceutical Group Co (SHSE:600998) 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.

Jointown Pharmaceutical 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
	=	18897.0725	/	37556.476	*	365 / 4
	=	45.91

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.

Jointown Pharmaceutical 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 )
	=	18897.0725	/	40472.147
	=	0.47

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.

Jointown Pharmaceutical Group Co Inventory Turnover Related Terms

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Jointown Pharmaceutical Group Co (SHSE:600998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jointown Pharmaceutical Group Co Ltd (SHSE:600998) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No 8 Longyang Road, Hanyang District, Wuhan, CHN, 430051

Website

http://www.jztey.com

Jointown Pharmaceutical Group Co Ltd is engaged in the business of wholesaling drugs and medical devices. The company offers logistics and other value-added services and primarily serves medical institutions, wholesale enterprises, and retail pharmacies.

Executives

Liu Yi Chang	Director
Ai Hua	Director
Wang Qi Bing	senior management
Gong Yi Hua	Directors, senior managers
Lin Xin Yang	Directors, senior managers
Yang Ju Mei	senior management
Chen Qi Ming	Directors, senior managers
Chen Li	Supervisors
Guo Lei	senior management
Liu Su Fang	senior management
Xu Ming Zhen	senior management
Chen Song Bai	senior management
Huang Li Hua	senior management
Wang Jia Ming	senior management
Chen Bo	senior management

Jointown Pharmaceutical Group Co (SHSE:600998) Headlines

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