Henan Shuanghui Investment & Development Co (SZSE:000895) Inventory Turnover : 1.49 (As of Mar. 2024)

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What is Henan Shuanghui Investment & Development 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. Henan Shuanghui Investment & Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥11,505 Mil. Henan Shuanghui Investment & Development Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥7,702 Mil. Henan Shuanghui Investment & Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Henan Shuanghui Investment & Development Co's Days Inventory for the three months ended in Mar. 2024 was 61.08.

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. Henan Shuanghui Investment & Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.54.

Henan Shuanghui Investment & Development Co Inventory Turnover Historical Data

The historical data trend for Henan Shuanghui Investment & Development 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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Henan Shuanghui Investment & Development Co Inventory Turnover Chart

Henan Shuanghui Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.52

8.19

9.38

8.88

6.91

Henan Shuanghui Investment & Development 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															2.12	1.76	1.66	1.45	1.49

Henan Shuanghui Investment & Development Co Inventory Turnover Calculation

Henan Shuanghui Investment & Development 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 )
=	49724.074	/ (	(6121.265	+	8266.657)	/	2 )
=	49724.074	/	7193.961
=	6.91

Henan Shuanghui Investment & Development 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 )
=	11505.403	/ (	(8266.657	+	7137.196)	/	2 )
=	11505.403	/	7701.9265
=	1.49

Henan Shuanghui Investment & Development Co (SZSE:000895) 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.

Henan Shuanghui Investment & Development 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
	=	7701.9265	/	11505.403	*	365 / 4
	=	61.08

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.

Henan Shuanghui Investment & Development 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 )
	=	7701.9265	/	14307.929
	=	0.54

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.

Henan Shuanghui Investment & Development Co Inventory Turnover Related Terms

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Henan Shuanghui Investment & Development Co (SZSE:000895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Henan Shuanghui Investment & Development Co Ltd (SZSE:000895) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Shuanghui Road, Shuanghui Tower, Henan Province, Luohe, CHN, 462000

Website

http://www.shuanghui.net

Henan Shuanghui Investment & Development Co Ltd is a China-based meat processing company. It is principally engaged in the business of slaughtering, meat food, and food processing, packaging, processing of egg products and aquatic products.

Executives

Li Kai	Executives
Hu Yu Hong	Supervisors
Wang Hao Jie	Executives
Yang Dong Sheng	Independent director
Wan Long	Director
Liu Jin Tao	Executives
Wen Guo Shan	Executives
You Zhao Sheng	Executives
Liu Song Tao	Executives
Hu Yun Gong	Supervisors
You Mu	Executives
Qi Yong Yao	Secretary Dong
Ma Xiang Jie	Executives
Zhang Tai Xi	Directors, executives
Qiao Hai Li	Executives

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