Digital Transformation of Listed Agricultural Companies in China: Practice, Performance, and Value Creation

Table 2

Performance analysis of Xinjinnong’s operations.

year	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Inventory turnover	30.8679	28.5588	30.7495	34.32597	25.2965	44.39374	56.92058	57.197	73.5882	83.05079
Business cycle	34.6993	32.2958	37.4263	51.62938	47.7555	70.1618	85.64266	95.2143	112.895	98.65848
Charge ratio (%)	3.9333	4.4622	5.50375	5.3814	5.0302	6.6136	8.2875	8.3118	9.0538	10.2152