Huaxin Cement Co (SHSE:600801) Inventory Turnover : 1.57 (As of Mar. 2024)

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What is Huaxin Cement Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Huaxin Cement Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,533 Mil. Huaxin Cement Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,530 Mil. Huaxin Cement Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huaxin Cement Co's Days Inventory for the three months ended in Mar. 2024 was 58.22.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Huaxin Cement Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Huaxin Cement Co Inventory Turnover Historical Data

The historical data trend for Huaxin Cement Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Huaxin Cement Co Inventory Turnover Chart

Huaxin Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.14

8.30

7.26

6.47

7.20

Huaxin Cement Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.58	1.92	1.59	1.95	1.57

Huaxin Cement Co Inventory Turnover Calculation

Huaxin Cement Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	24741.414	/ (	(3405.122	+	3462.938)	/	2 )
=	24741.414	/	3434.03
=	7.20

Huaxin Cement Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	5533.106	/ (	(3462.938	+	3597.247)	/	2 )
=	5533.106	/	3530.0925
=	1.57

Huaxin Cement Co (SHSE:600801) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Huaxin Cement Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	3530.0925	/	5533.106	*	365 / 4
	=	58.22

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Huaxin Cement Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3530.0925	/	7083.602
	=	0.50

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Huaxin Cement Co Inventory Turnover Related Terms

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Huaxin Cement Co (SHSE:600801) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Huaxin Cement Co Ltd (SHSE:600801) » Definitions » Inventory Turnover

Traded in Other Exchanges

06655:Hong Kong

Address

No.426, Gaoxin Avenue, Tower B, Huaxin Tower, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

https://www.huaxincem.com

Huaxin Cement Co Ltd is engaged in the production and distribution of cement, ready-mix concrete, cement equipment, and cement packaging products. It is also engaged in environmental protection, equipment manufacturing, EPC engineering, Project consulting, and high-tech building materials. Its products include 32.5 type cement, 42.5 type and above cement, Commercial clinker, Concrete, Aggregate, and others. Its geographical segments include China, Tajikistan, and Cambodia, out of which the majority of the revenue is generated from China.

Executives

Chen Qian	senior management
Li Ye Qing	Director
Ming Jin Hua	Supervisors
Liu Feng Shan	Directors, senior managers
Ye Jia Xing	senior management
Xu Gang	senior management
Liu Yun Xia	senior management
Mei Xiang Fu	senior management
Yuan De Zu	senior management
Wang Jia Jun	senior management
Yang Hong Bing	senior management
Ke You Liang	senior management
Du Ping	senior management
Zhang Lin	Supervisors
Peng Qing Yu	Supervisors

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