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Tengjun Biotechnology Corp   (CHGH)
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Tengjun Biotechnology Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the second quarter 2023, Tengjun Biotechnology 's inventory turnover ratio sequentially decreased to 4.45 in the second quarter 2023, unsurprisingly, as the Tengjun Biotechnology markets continue to deteriorate, and CHGH's faces growing challenges to bring down its inventories. Tengjun Biotechnology 's average inventory processing period in the Jun 30 2023 quarter, has increased to 82 days, from 44 days, in the Mar 31 2023 quarter.

Within Consumer Non Cyclical sector 81 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 476 in the first quarter 2023, to 752.

CHGH Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Tengjun Biotechnology Corp Market Share?

What is Inventory Turnover Ratio?


CHGH Inventory Turnover Ratio (Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Inventory Growth 85.97 % -62.53 % -67.54 % - -
Y / Y Cost of Sales Growth -99.7 % 40.96 % - - -
Inventory Turnover Ratio (TTM) 4.45 8.39 6 2.81 2.12
CHGH's Total Ranking # 752 # 476 # 707 # 1295 # 0
Average inventory processing period 82 43 61 130 172
Seq. Inventory Growth 120.59 % 6.34 % -27.33 % 9.09 % -55.56 %
Seq. Cost of Sales Growth -98.05 % -85.92 % 67.9 % -35.81 % 829.28 %



Inventory Turnover Ratio Company Ranking
Within: No.
Nonalcoholic Beverages Industry # 13
Consumer Non Cyclical Sector # 82
Overall Market # 752

Inventory Turnover Ratio Statistics
High Average Low
8.39 5.41 2.81
(Mar 31 2023)   (Sep 30 2022)




Financial Statements
Tengjun Biotechnology 's Inventories $ 2 Millions Visit CHGH's Balance sheet
Tengjun Biotechnology 's Cost of Revenues TTM $ 6 Millions Visit CHGH's Income Statement
What are CHGH's Sales? Visit CHGH's Sales by Segment

Other Inventory Turnover Ratios
Tengjun Biotechnology 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Nonalcoholic Beverages Industry Inventory Turnover Trends and Statistics
Consumer Non Cyclical Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
CHGH's Inventory Turnover Ratio versus Nonalcoholic Beverages Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for CHGH's Competitors
Inventory Turnover Ratio for CHGH's Suppliers
Inventory Turnover Ratio for CHGH's Customers

You may also want to know
CHGH's Sales Growth Rates CHGH's Pe Price to earnings ratio CHGH's Receivables Turnover Ratio CHGH's Stock Quote
CHGH's Net Income Growth Rates CHGH's Ps Price to Sales ratio CHGH's Sales per Employee CHGH's Asset Turnover Ratio
CHGH's Net Margin CHGH's Pb Price to Book ratio CHGH's Financial Strength Ratios CHGH's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Jun 30 2023, within Consumer Non Cyclical Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jun 30 2023 Inventories at quarter ending Jun 30 2023
Post Holdings Inc   7.44 $ 4,687.900  Millions$ 630  Millions
The Boston Beer Company Inc   7.42 $ 1,204.198  Millions$ 162  Millions
Darling Ingredients Inc   7.38 $ 5,477.200  Millions$ 742  Millions
Biote Corp   7.37 $ 70.743  Millions$ 10  Millions
Freshpet Inc  7.36 $ 467.727  Millions$ 64  Millions
Sovos Brands Inc  7.13 $ 661.250  Millions$ 93  Millions
Stem Holdings Inc   7.08 $ 13.065  Millions$ 2  Millions
Cal maine Foods Inc   6.95 $ 1,949.760  Millions$ 280  Millions
Bunge Global Sa  6.95 $ 59,544.000  Millions$ 8,570  Millions
Barfresh Food Group Inc   6.89 $ 6.332  Millions$ 1  Millions
Hni Corporation  6.77 $ 1,401.000  Millions$ 207  Millions
Archer daniels midland Co  6.75 $ 92,348.000  Millions$ 13,682  Millions
The Simply Good Foods Company  6.50 $ 761.613  Millions$ 117  Millions
General Mills Inc   6.40 $ 13,548.400  Millions$ 2,117  Millions
Fresh Del Monte Produce Inc  6.38 $ 4,019.000  Millions$ 630  Millions
Kellanova  6.33 $ 11,017.000  Millions$ 1,739  Millions
Ennis Inc   6.29 $ 304.000  Millions$ 48  Millions
Mondel z International Inc   6.09 $ 21,643.000  Millions$ 3,557  Millions
Local Bounti Corporation  5.99 $ 23.163  Millions$ 4  Millions
J and j Snack Foods Corp   5.96 $ 1,074.541  Millions$ 180  Millions
Westrock Coffee Company  5.89 $ 890.702  Millions$ 151  Millions
Seaboard Corporation  5.87 $ 9,810.000  Millions$ 1,671  Millions
Planet Green Holdings Corp   5.53 $ 27.605  Millions$ 5  Millions
Upexi Inc   5.45 $ 47.118  Millions$ 9  Millions
Hempacco Co Inc   5.37 $ 4.617  Millions$ 1  Millions
South Dakota Soybean Processors Llc  5.12 $ 663.792  Millions$ 130  Millions
Keurig Dr Pepper Inc   4.98 $ 6,885.000  Millions$ 1,382  Millions
Campbell Soup Co  4.97 $ 6,440.000  Millions$ 1,296  Millions
Hershey Co  4.94 $ 6,091.000  Millions$ 1,233  Millions
Millerknoll Inc   4.94 $ 2,693.500  Millions$ 546  Millions

Date modified: 2023-08-20T13:10:01+00:00



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