Zhongrun Resources Investment (SZSE:000506) Inventory Turnover : 0.70 (As of Mar. 2024)

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What is Zhongrun Resources Investment 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. Zhongrun Resources Investment's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥58.6 Mil. Zhongrun Resources Investment's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥83.4 Mil. Zhongrun Resources Investment's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhongrun Resources Investment's Days Inventory for the three months ended in Mar. 2024 was 129.73.

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. Zhongrun Resources Investment's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.67.

Zhongrun Resources Investment Inventory Turnover Historical Data

The historical data trend for Zhongrun Resources Investment'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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Zhongrun Resources Investment Inventory Turnover Chart

Zhongrun Resources Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.17

0.61

2.11

1.60

2.16

Zhongrun Resources Investment 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															0.38	0.59	0.59	0.88	0.70

Zhongrun Resources Investment Inventory Turnover Calculation

Zhongrun Resources Investment'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 )
=	293.127	/ (	(188.249	+	83.287)	/	2 )
=	293.127	/	135.768
=	2.16

Zhongrun Resources Investment'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 )
=	58.63	/ (	(83.287	+	83.416)	/	2 )
=	58.63	/	83.3515
=	0.70

Zhongrun Resources Investment (SZSE:000506) 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.

Zhongrun Resources Investment'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
	=	83.3515	/	58.63	*	365 / 4
	=	129.73

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.

Zhongrun Resources Investment'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 )
	=	83.3515	/	49.984
	=	1.67

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.

Zhongrun Resources Investment Inventory Turnover Related Terms

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Zhongrun Resources Investment (SZSE:000506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhongrun Resources Investment Corp (SZSE:000506) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 176 Shunhe Street, Shanghang Building, 31F, Shandong, Jinan, CHN, 250002

Website

http://www.sdzr.com

Zhongrun Resources Investment Corp is engaged in the mineral development and real estate investment. The mining minerals include gold, silver, and other non-ferrous metals.

Executives

Yang Zhan Wu	Independent director
Shi Peng	Directors, executives
Xiao Sui Ning	Independent director
Liu Cheng Kun	Directors, executives

Zhongrun Resources Investment (SZSE:000506) Headlines

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