库存(枪支)
存货周转率
完好无损
业务
存货计价
经济
运营管理
财务
证券交易所
微观经济学
生产(经济)
地理
考古
作者
Chen Hong,Murray Z. Frank,Owen Q. Wu
出处
期刊:Management Science
[Institute for Operations Research and the Management Sciences]
日期:2005-07-01
卷期号:51 (7): 1015-1031
被引量:335
标识
DOI:10.1287/mnsc.1050.0368
摘要
This paper examines the inventories of publicly traded American manufacturing companies between 1981 and 2000. The median of inventory holding periods were reduced from 96 days to 81 days. The average rate of inventory reduction is about 2% per year. The greatest reduction was found for work-in-process inventory, which declined by about 6% per year. Finished-goods inventories did not decline. Firms with abnormally high inventories have abnormally poor long-term stock returns. Firms with slightly lower than average inventories have good stock returns, but firms with the lowest inventories have only ordinary returns.
科研通智能强力驱动
Strongly Powered by AbleSci AI