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Reasons for the Decline of Inventory Turnover in Kweichow Moutai from 2020 to 2022
During this period, the decline of wine turnover rate in this area was due to excessive production, less goods delivered and lower market prices.

This may be because the company's market price was too low in previous years, which led to the backlog of inventory, thus affecting the inventory turnover rate. In addition, the company's sales strategy or supply chain management may also have problems, leading to a decline in inventory turnover.