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Days Inventory is also known as Days Sales of Inventory (DSI). China Jo-Jo Drugstores's Average Total Inventories for the six months ended in Sep. 2023 was $17.5 Mil. China Jo-Jo Drugstores's Cost of Goods Sold for the six months ended in Sep. 2023 was $62.6 Mil. Hence, China Jo-Jo Drugstores's Days Inventory for the six months ended in Sep. 2023 was 50.84.
The historical rank and industry rank for China Jo-Jo Drugstores's Days Inventory or its related term are showing as below:
During the past 13 years, China Jo-Jo Drugstores's highest Days Inventory was 60.62. The lowest was 47.09. And the median was 51.71.
China Jo-Jo Drugstores's Days Inventory declined from Sep. 2022 (54.33) to Sep. 2023 (50.84).
Inventory Turnover measures how fast the company turns over its inventory within a year. China Jo-Jo Drugstores's Inventory Turnover for the six months ended in Sep. 2023 was 3.59.
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. China Jo-Jo Drugstores's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.22.
The historical data trend for China Jo-Jo Drugstores's Days Inventory 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.
China Jo-Jo Drugstores Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 60.62 | 52.09 | 51.33 | 47.09 | 49.92 |
China Jo-Jo Drugstores Semi-Annual Data | ||||||||||||||||||||
Mar14 | Sep14 | Mar15 | Sep15 | Mar16 | Sep16 | Mar17 | Sep17 | Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | |
Days Inventory | Get a 7-Day Free Trial | 49.78 | 47.13 | 54.33 | 50.51 | 50.84 |
For the Pharmaceutical Retailers subindustry, China Jo-Jo Drugstores's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Healthcare Providers & Services industry and Healthcare sector, China Jo-Jo Drugstores's Days Inventory distribution charts can be found below:
* The bar in red indicates where China Jo-Jo Drugstores's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
China Jo-Jo Drugstores's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
Days Inventory (A: Mar. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Mar. 2022 ) | + | Total Inventories (A: Mar. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Mar. 2023 ) | * | Days in Period |
= | ( (16.02 | + | 15.309) | / | 2 ) | / | 114.532 | * | 365 |
= | 15.6645 | / | 114.532 | * | 365 | ||||
= | 49.92 |
China Jo-Jo Drugstores's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:
Days Inventory (Q: Sep. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Mar. 2023 ) | + | Total Inventories (Q: Sep. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Sep. 2023 ) | * | Days in Period |
= | ( (15.309 | + | 19.591) | / | 2 ) | / | 62.641 | * | 365 / 2 |
= | 17.45 | / | 62.641 | * | 365 / 2 | ||||
= | 50.84 |
* 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.
China Jo-Jo Drugstores (NAS:CJJD) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
China Jo-Jo Drugstores's Inventory Turnover for the six months ended in Sep. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 62.641 | / | 17.45 | |
= | 3.59 |
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.
China Jo-Jo Drugstores's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 17.45 | / | 78.574 | |
= | 0.22 |
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Thank you for viewing the detailed overview of China Jo-Jo Drugstores's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Wei Hu | officer: Chief Operating Officer | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008 |
Pingfan Wu | director | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008 |
Jiangliang He | director | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY NY 310008 |
Liu Yan | officer: Secretary | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY, ZHEJIANG PROVIN F4 310008 |
Lei Liu | director, 10 percent owner, officer: CEO, Chairman of the Board | ROOM 507-513, 5TH FLOOR,A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011 |
Ming Zhao | director, 10 percent owner, officer: Chief Financial Officer | 1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000 |
Caroline Wang | director | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008 |
Hillhouse Investment Management, Ltd. | 10 percent owner | OFFICE #122, WINDWARD 3 BUILDING, REGATTA OFFICE PARK, WEST BAY ROAD, GRAND CAYMAN E9 KY1-9006 |
Li Lei | director, 10 percent owner, officer: CEO, Chairman of the Board | 511 NE 94TH STREET MIAMI SHORES FL 33138 |
Li Qi | director, 10 percent owner, officer: Secretary | ROOM 507-513, 5TH FLOOR, A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011 |
Zhimin Su | director | 3601B THE CENTER, 989 CHANGLE ROAD SHANGHAI F4 200031 |
Genghua Gu | director | 1ST FLOOR, YUZHENG PLAZA NO.76, YUHUANGSHAN ROAD HANGZHOU, ZHEJIANG PROVINCE F4 310002 |
Taihong Guo | director | 7TH FLOOR, QINGCHUNBAO GROUP NO. 555 XIXI ROAD HANGZHOU F4 310013 |
Tchaikovsky Bennet Price Jr | other: Former Director | 11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025 |
Marc Thomas Serrio | other: Former Director | P.O. BOX 91836 PASADENA CA 91109 |
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