Jiangsu Guoxin (SZSE:002608) Inventory Turnover : 5.60 (As of Mar. 2024)

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What is Jiangsu Guoxin 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. Jiangsu Guoxin's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7,819 Mil. Jiangsu Guoxin's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,397 Mil. Jiangsu Guoxin's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Guoxin's Days Inventory for the three months ended in Mar. 2024 was 16.30.

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. Jiangsu Guoxin's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Jiangsu Guoxin Inventory Turnover Historical Data

The historical data trend for Jiangsu Guoxin'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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Jiangsu Guoxin Inventory Turnover Chart

Jiangsu Guoxin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.83

24.94

19.32

14.52

17.83

Jiangsu Guoxin 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															3.95	4.64	5.97	6.04	5.60

Jiangsu Guoxin Inventory Turnover Calculation

Jiangsu Guoxin'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 )
=	30509.254	/ (	(1892.999	+	1528.8)	/	2 )
=	30509.254	/	1710.8995
=	17.83

Jiangsu Guoxin'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 )
=	7818.928	/ (	(1528.8	+	1265.072)	/	2 )
=	7818.928	/	1396.936
=	5.60

Jiangsu Guoxin (SZSE:002608) 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.

Jiangsu Guoxin'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
	=	1396.936	/	7818.928	*	365 / 4
	=	16.30

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.

Jiangsu Guoxin'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 )
	=	1396.936	/	9080.758
	=	0.15

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.

Jiangsu Guoxin Inventory Turnover Related Terms

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Jiangsu Guoxin (SZSE:002608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Jiangsu Guoxin Corp Ltd (SZSE:002608) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 88 Changjiang Road, Xuanwu District, Jiangsu Province, Nanjing, CHN, 210005

Website

http://www.saintymarine.com.cn

Jiangsu Guoxin Corp Ltd is engaged in the thermal power production and related power services. Further it is also involved in coal and power sales business.

Executives

Li Xian Qiang	Executives
Weng Jun	Executives
Wang Jun Min	Director
Li Jiu	Directors, executives
Feng Qi	Directors, executives

Jiangsu Guoxin (SZSE:002608) Headlines

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