Wens Foodstuff Group Co (SZSE:300498) Inventory Turnover : 1.05 (As of Mar. 2024)

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What is Wens Foodstuff 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. Wens Foodstuff Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥21,128 Mil. Wens Foodstuff Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥20,099 Mil. Wens Foodstuff Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wens Foodstuff Group Co's Days Inventory for the three months ended in Mar. 2024 was 86.81.

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. Wens Foodstuff Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.92.

Wens Foodstuff Group Co Inventory Turnover Historical Data

The historical data trend for Wens Foodstuff 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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Wens Foodstuff Group Co Inventory Turnover Chart

Wens Foodstuff Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.17

4.67

4.98

4.00

4.38

Wens Foodstuff 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															1.05	1.09	1.08	1.21	1.05

Wens Foodstuff Group Co Inventory Turnover Calculation

Wens Foodstuff 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 )
=	89147.024	/ (	(20388.326	+	20335.661)	/	2 )
=	89147.024	/	20361.9935
=	4.38

Wens Foodstuff 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 )
=	21127.598	/ (	(20335.661	+	19861.48)	/	2 )
=	21127.598	/	20098.5705
=	1.05

Wens Foodstuff Group Co (SZSE:300498) 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.

Wens Foodstuff 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
	=	20098.5705	/	21127.598	*	365 / 4
	=	86.81

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.

Wens Foodstuff 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 )
	=	20098.5705	/	21847.553
	=	0.92

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.

Wens Foodstuff Group Co Inventory Turnover Related Terms

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Wens Foodstuff Group Co (SZSE:300498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wens Foodstuff Group Co Ltd (SZSE:300498) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Dongdi North Road, Xincheng Town, Xinxing County, Guangdong Province, Yunfu, CHN, 527400

Website

https://www.wens.com.cn

Wens Foodstuff Group Co Ltd operates as a livestock and poultry farming company in China. The company offers fresh meat products and processed products, including chicken, pig, duck, milk, egg, cooked chicken, deep-sea fish, sheep, pigeons, and other products. It also provides raw milk; and finished milk, such as pasteurized milk, fermented milk, sterilized milk, milk-containing beverages, and other various categories of products.

Executives

Mei Jin Fang	Directors, executives
Lin Jian Xing	Executives
Liang Zhi Xiong	Directors, executives
Zhang Xiang Bin	Executives
Li Shao Song	Directors, executives
Zhao Liang	Director
Qin Kai Tian	Director
Chen Xiao Jian	Executives
Wen Peng Cheng	Director
Chen Feng	Executives
Yan Ju Ran	Director
Wen Xiao Qiong	Directors, executives
Luo Xu Fang	Executives
Yan Ju Neng	Director
Chen Rui Ai	Executives

Wens Foodstuff Group Co (SZSE:300498) Headlines

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