Jiuzi Ordinary Shares(Jzxn) Financials: Inventory Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - inventory turnover
This chart shows the historical trend of inventory turnover for JZXN compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Inventory Turnover
Definition: Inventory turnover measures how quickly the company sells and replaces its inventory. A higher turnover means products are selling fast and inventory isn’t sitting idle. Slow turnover may suggest weak sales, poor demand forecasting, or obsolete inventory piling up — all of which can tie up cash unnecessarily.
Interpretation:
• In '2021', JZXN's inventory turnover was 18.24, reflecting efficiency in managing inventory stock. Industry average for Retail-Auto Dealers and Gas Stations in '2021' stood at 5.15.
• In '2021', JZXN's inventory turnover was 18.24, reflecting efficiency in managing inventory stock. The figure remained stable compared to '2021'. Industry average for Retail-Auto Dealers and Gas Stations in '2021' stood at 5.15. Industry average remained unchanged from prior year.
• In '2022', JZXN's inventory turnover was 0.00, reflecting efficiency in managing inventory stock. The decline from '2021' may indicate some operational or financial challenges. Industry average for Retail-Auto Dealers and Gas Stations in '2022' stood at 4.96. Industry average declined by 0.19 from previous year.
• In '2023', JZXN's inventory turnover was 0.00, reflecting efficiency in managing inventory stock. The figure remained stable compared to '2022'. Industry average for Retail-Auto Dealers and Gas Stations in '2023' stood at 5.46. Industry average increased by 0.50 compared to previous year.
Overall, JZXN's inventory turnover has been volatile but showed a downward trend over the past 4 years.
Formula: Inventory Turnover = Cost of Goods Sold / Average Inventory
Good Range: Typically 4 to 12 depending on industry.