Fujian Septwolves Industry Co (SZSE:002029) Inventory Turnover : 0.60 (As of Mar. 2024)

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What is Fujian Septwolves Industry 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 Septwolves Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥486 Mil. Fujian Septwolves Industry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥813 Mil. Fujian Septwolves Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fujian Septwolves Industry Co's Days Inventory for the three months ended in Mar. 2024 was 152.64.

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 Septwolves Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.91.

Fujian Septwolves Industry Co Inventory Turnover Historical Data

The historical data trend for Fujian Septwolves Industry 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 Septwolves Industry Co Inventory Turnover Chart

Fujian Septwolves Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.93

1.87

1.86

1.77

1.86

Fujian Septwolves Industry 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															0.56	0.34	0.44	0.57	0.60

Fujian Septwolves Industry Co Inventory Turnover Calculation

Fujian Septwolves Industry 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 )
=	1725.053	/ (	(973.421	+	884.76)	/	2 )
=	1725.053	/	929.0905
=	1.86

Fujian Septwolves Industry 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 )
=	486.274	/ (	(884.76	+	742.074)	/	2 )
=	486.274	/	813.417
=	0.60

Fujian Septwolves Industry Co (SZSE:002029) 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 Septwolves Industry 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
	=	813.417	/	486.274	*	365 / 4
	=	152.64

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 Septwolves Industry 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 )
	=	813.417	/	892.903
	=	0.91

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 Septwolves Industry Co Inventory Turnover Related Terms

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Fujian Septwolves Industry Co (SZSE:002029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fujian Septwolves Industry Co Ltd (SZSE:002029) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Jinjing Town, South Industrial Zone, Fujian Province, Jinjiang, CHN, 362251

Website

http://www.septwolves.com

Fujian Septwolves Industry Co Ltd is a China-based company operates in the apparel division. It is involved in the design, production, and sale of men's clothing such as jackets, suits, coats and other accessories. These products are offered under various brands which include Septwolves, Wolf Totem, 16N, OWOOO, Mark Fairwhale, Karl Lagerfeld, and Dancing Wolves.

Executives

Zhou Shao Xiong	Directors, executives
Zhou Shao Ming	Director
Zhou Yong Wei	Director
Wu Xing Qun	Directors, executives
Hong Qing Hai	Director
Shi Yu Zhu	Supervisors
Luo Long Xiang	Supervisors
Qi Shu Jie	Independent director
Li Qiang	Executives
Dai Yi Yi	Director

Fujian Septwolves Industry Co (SZSE:002029) Headlines

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