Leysen Jewelry (SHSE:603900) Inventory Turnover : 0.09 (As of Mar. 2024)

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What is Leysen Jewelry 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. Leysen Jewelry's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥142.4 Mil. Leysen Jewelry's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,588.5 Mil. Leysen Jewelry's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leysen Jewelry's Days Inventory for the three months ended in Mar. 2024 was 1,017.85.

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. Leysen Jewelry's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 6.55.

Leysen Jewelry Inventory Turnover Historical Data

The historical data trend for Leysen Jewelry'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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Leysen Jewelry Inventory Turnover Chart

Leysen Jewelry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.35

0.33

0.39

0.27

0.23

Leysen Jewelry 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															0.08	0.05	0.04	0.06	0.09

Leysen Jewelry Inventory Turnover Calculation

Leysen Jewelry'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 )
=	335.678	/ (	(1446.926	+	1521.193)	/	2 )
=	335.678	/	1484.0595
=	0.23

Leysen Jewelry'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 )
=	142.406	/ (	(1521.193	+	1655.736)	/	2 )
=	142.406	/	1588.4645
=	0.09

Leysen Jewelry (SHSE:603900) 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.

Leysen Jewelry'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
	=	1588.4645	/	142.406	*	365 / 4
	=	1,017.85

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.

Leysen Jewelry'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 )
	=	1588.4645	/	242.381
	=	6.55

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.

Leysen Jewelry Inventory Turnover Related Terms

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Leysen Jewelry (SHSE:603900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Leysen Jewelry Inc (SHSE:603900) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

19 Hua Shen Da Dao, Yuhuatai Qu, Jiangsu Sheng, Nanjing, CHN, 210012

Website

http://www.tesiro.com

Leysen Jewelry Inc operates in the jewellery industry. The company is mainly engaged in brand operation management, product design, research and development and retail of jewellery. The main products offering include diamonds, precious stones, jewellery made of jade, gold, platinum and other materials.

Executives

Liu Jin	senior management
Zhuang Ou	Director
Cao Ying	senior management
Ma Jun	Director
Shen Dong Jun	Director

Leysen Jewelry (SHSE:603900) Headlines

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